As the Brexit debacle settles the £/euro exchange rate sits at almost its highest position in the last year 1:1.20 at today’s rate. This is the time to think about buying your property in Spain to lock in a great deal, it will be interesting to see how the £ performs over the coming months.
The property market here in Mallorca is buoyant and there continues to be some really great deals on off-plan property, so if you are looking at a way to pay for your property in set stages, this is probably the best option for you.
If you are in a position to either get a mortgage or are a cash buyer looking to buy outright, then picking up a key ready property in a stunning location could be done fairly quickly ensuring you get good value. If you are an investment buyer looking to let out property and earn an income then your investment could start paying for itself in no time at all as visitors to Mallorca remain high.
This is no wonder with a fabulous climate and superb range of outdoor pursuits to fill the time of a holidaymaker. Championship golf courses, great beaches, fine dining and amazing shopping facilities make Mallorca a lovely destination.
Couple that with diverse countryside and a superb history and culture with great cities that beg to be explored and you have an instant recipe for holiday success. House prices in Spain have been steadily rising year on year meaning your investment will increase in value too.
If you are looking to retire here then finding that fabulous apartment overlooking the beach or a great little townhouse on a golf course won’t be too difficult. We have an excellent selection of luxury property too. Talk to us about some of the great property deals we have on the market and how to lock in an exchange rate.