Mallorca Property Market Report October 2009 from Spanish Hot Properties

There is still huge interest in the Mallorca property market with the most Savvy and serious buyers looking to buy property in Mallorca right now even though Mallorca doesn’t necessarily represent the best value in Spain for price per square meter, property type and location according to a recent Mallorca property market report carried out by the Spanish property experts Spanish Hot Properties.  Spanish Hot Properties carried out this report to find out why they were having a disproportionate amount of enquires for Mallorca some 30% of all enquiries being for Mallorca and this obviously not being representative of Spanish property market as a whole.  “What we found was that without a doubt was the Mallorca property buyers are the most serious and savvy in the whole of Spain and most importantly they want to buy and are in a position to buy which is quite different from some of the Costas where people may want to buy or are not in a position to buy.  What else we found was that the majority of the people looking to buy property in Mallorca were of the view that they would never get a better time to buy and most importantly believe that Mallorca property prices will bounce back way before any other part of Spain.  They also realized they could get much more property for there money in places such as Costa Blanca & Costa del Sol but believe the Kings Island of Mallorca was the best place to buy and that now is the time to buy” Explained Nick

PROPERTY BUYERS ARE HAPPY TO PUT TRUST IN SPANISH HOT PROPERTIES

Spanish Hot Properties business model is quite unique and different to most companies in that Spanish Hot Properties find there clients there ideal property first and worry about how much commission they earn from the transaction afterwards which is most definitely not the norm. So why do Spanish Hot Properties work this way? “Very simply our business model is based on referrals from existing clients and doing the right thing for the client.  In Mallorca our clients understand that we will show them properties that we have as direct listings and properties we have with other agents and after all the viewings are completed David our guy on the Island sits down with the clients and together helps the client make the right choice.  However this system obviously only works with clients who are happy to have us work the whole market for them and we even have some clients who actually show us a property on another agents website and we go and speak to the agent on there behalf.  However if you go to lots of agents those individual agents can only help you make a decision about there own listings and may have to put another property down from another agent that might have suited the client better in order to get the sale.  However the Spanish Hot Properties approach means we will always do the right things for our customers and most importantly we will always make something from the transaction which makes good business sense and most importantly we are then recommended by the clients who have used our service.  This is a model which we would love to adopt in other parts of Spain however up until now it is only our clients buying in Mallorca who can see the benefit of such a system” claimed Nick.

If you would like more information about the findings from the Spanish Hot Properties Mallorca business report or help in buying property in Mallorca then please feel free to contact Spanish Hot Properties by phone or email.