Majorca

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This topic contains 12 replies, has 8 voices, and was last updated by Profile photo of Anonymous Anonymous 4 years, 11 months ago.

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  • #56431
    Profile photo of Anonymous
    Anonymous
    Participant

    First post, so apologies if a little amateurish

    I have been semi looking for a property in Majorca but the “great deals” don’t appear to be jumping up and down in front of me. Any ideas where I should look?

  • #106848
    Profile photo of DBMarcos99
    DBMarcos99
    Participant

    Isn’t Mallorca the place where the Germans own most of the holiday property? If so, I doubt you’ll be finding any bargains there?

  • #106849
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks for your reply. I believe what you say to be true about Andratz but they don’t appear to be expanding their borders

  • #106851
    Profile photo of Anonymous
    Anonymous
    Participant

    @Bonnyton wrote:

    First post, so apologies if a little amateurish

    I have been semi looking for a property in Majorca but the “great deals” don’t appear to be jumping up and down in front of me. Any ideas where I should look?

    Is the question “where I should look in Majorca?” or are you open to other places in Spain?

  • #106866
    Profile photo of Anonymous
    Anonymous
    Participant

    Inca is fairly cheap. Mostly none tourists living there.

  • #107325
    Profile photo of Anonymous
    Anonymous
    Participant

    I have made an offer for an apartment in Puerto Andratx, but the agent refuses to submit the offer to his vendor.
    The price of the apartment is 299,000 Euros, and I think a reasonable opening bid would be less than 10 per cent off the asking price. I offered 276,000, but the agent is saying the vendor will not consider it, without submitting the offer.

    I am at a loss to know what to do. Is this allowed or even legal?

  • #107326
    Profile photo of Anonymous
    Anonymous
    Participant

    Perhaps the real owner is the agent or his family. On the other hand the Agent could have told you that he/she has passed the offer to the vendor & they have not accepted it.

  • #107329
    Profile photo of logan
    logan
    Participant

    In France it’s illegal for an agent not to pass on an offer from a vendor. In Spain anything can happen and usually does.

  • #107331
    Profile photo of Anonymous
    Anonymous
    Participant

    Either send a letter to the apartment or hand deliver one, stating your offer and the reason why you are sending it by mail.

  • #107357
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks for all the advice. Its much appreciated

  • #107370
    Profile photo of Anonymous
    Anonymous
    Participant

    Logan, It is probebly illegal in Spain as well. The problem with the law is that the state makes the laws but does not implement them i.e. takes legal action for the breaches.
    An average person cannot take legal action due to the cost of such an action & in the case of Spain not having confidence in the legal due process.

  • #107377
    Profile photo of logan
    logan
    Participant

    @shakeel wrote:

    Logan, It is probebly illegal in Spain as well. The problem with the law is that the state makes the laws but does not implement them i.e. takes legal action for the breaches.
    An average person cannot take legal action due to the cost of such an action & in the case of Spain not having confidence in the legal due process.

    Yes I agree. In France the estate agent profession is heavily regulated and controlled. Estate agents have to be academically qualified which takes years. That’s not to say bad apples don’t exist in France, they do. French estates agents are also licensed deposit holders and are vetted by the state which supervises their accounts. They can also do some notary work such as the initial binding sales contract.

  • #107392
    Profile photo of Anonymous
    Anonymous
    Participant

    @logan wrote:

    @shakeel wrote:
    Logan, It is probebly illegal in Spain as well. The problem with the law is that the state makes the laws but does not implement them i.e. takes legal action for the breaches.
    An average person cannot take legal action due to the cost of such an action & in the case of Spain not having confidence in the legal due process.

    Yes I agree. In France the estate agent profession is heavily regulated and controlled. Estate agents have to be academically qualified which takes years. That’s not to say bad apples don’t exist in France, they do. French estates agents are also licensed deposit holders and are vetted by the state which supervises their accounts. They can also do some notary work such as the initial binding sales contract.

    Same in Sweden also. There are problems but not on the same scale.

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