Wonder how long this Mallorca penthouse will stay on the market?

Posted on June 11, 2009 by Mark
Filed Under Mallorca | Leave a Comment

It’ll be interesting to see how long this property stays on the market. It’s a 1-bed, 1-bath 90m2 penthouse in Palma outskirts, close to the beach, with superb views, asking price €260,000.

+ More information from E&V on this property

Admitedly I haven’t actually been to see it, but the photos make it look rather enticing. It’s obviously more attractive than most flats you see on the market in Spain. The asking price doesn’t sound crazy either.

If there’s any life in the market I would expect this to sell relatively quickly. If it doesn’t sell, well, it tells us something about the market.

“It would make a great holiday apartment and also provide good rental opportunities. For example; a long term rental (1 year or more) at 1,100 euros per month and short term (on a 2/ 3 month contract) at 100 euros per day,” I’m told by Engel & Völkers.

+ More information from E&V on this property

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