News & Press
Fira del Ram
15.02.2010 – Anyone who wants to experience a real Spanish Fair should visit the Easter Fair "Fira del Ram," which is not only one of Mallorca’s annual highlights but it is also considered to be one of Spain's top amusement parks. A total of 170 exhibitors offer different attractions including some of the latest development and technology in fairground rides together with a good choice of food stalls providing a range of culinary delights. Traditional attractions such as the giant Ferris Wheel, Ghost Train and Bumper Cars remain popular and provide fun for all the family. The “Fira del Ram” is based in the industrial area of Son Fuster on Palma’s outskirts at the motorway towards Inca. Open from March 1st, from Monday – Friday from 17.00 – 23.00 and at weekends from 10.00 – 24.00. Admission free.
What’s On in Mallorca during January & February
13.01.2010 – The New Year starts with many highlights. In January two local celebrations called St Antoni Abat Day and Sant Sebastià impress with bonfires, fireworks and live music. And music is the right keyword when at the end of January the "Classic Music Winter Festival" invites the audience to many concerts in Palma. The beginning of February then marks the start of Carnival and will be celebrated with various parades on Palmas streets.
Good Value for Money
10.01.2010 – You are looking for your dream house or apartment? You want to enjoy the sea view or would prefer your own private oasis of peace? The offer on the property market is large and diverse. For this reason Engel & Völkers provides you always an overview of the best of our property offer in our newly created category „Good Value for Money“ in the section “My Real Estate”.
If you are not familiar with „My Real Estate“ yet, sign up now to enjoy exclusive benefits!
Facts and Figures: Market Overview 2009
16.12.2009 – Engel & Völkers has experienced its toughest year since entering the Spanish residential market. However price reductions have flatted out in Autumn and a positive development is expected for 2010. On Mallorca there has been increased movement on the market in the past two months. Especially prime located, quality property with an average sale
price just under €1 million is asked.
E&V Charitiy in Togo
15.12.2009 – The children in Togo want to learn! Therefore the building of a primary school in Togo requires all attention to offer children the possibility of learning how to read and write in the official language French. E&V Charity would be grateful and welcome any donation to this important project. Every single penny counts! You can find all the latest information about the charity and its donation account on our Charity Homepage.
Download Brochure (PDF)
Celebrating 10 years of Engel & Völkers
A decade of dramatic change & price increases for the island's residential market
29.09.2009 – In 1999 Engel & Völkers decided to open its first office outside of its German headquarters in Puerto Andratx, Mallorca and even though the company knew that the second home residential market was developing it did not anticipate that Mallorca would enter the property “super league” and become an international location for multimillionaire investors and celebrity superstars.
Real estate - a tower of strength in difficult times
July 2009 – For many investors 2009 may be the one of the most difficult years to decide which investments make sense. The uncertainties of the international stock markets have clearly demonstrated the advantages of investments in real estate and for many people real estate represent a solid and safe long term investment in difficult times.
According to a survey of the German Real Estate Association, 54% of Germans believe that investment in real estate is the best protection against reductions in prices and value.
Seifert Invest, a business partner of Engel & Völkers, comments; “the classic portfolio theory by Malkowitz is more significant than ever before especially in a financial crisis when it becomes apparent who has distributed their assets sensibly. Currently, real estate, gold and bonds are in high demand and the classic financial consultancy will always recommend real estate as part of the whole portfolio”.
Furthermore, when investing in real estate location plays a key role. Demographic and geographic circumstances should always be considered when deciding on an investment and according to the Financial Times Mallorca has a great deal going for it. In an article published at the end of last year*, the paper describes Mallorca’s real estate market with its’ balanced supply between offer and demand and rated the island as one of 10 safest places worldwide to invest in 2009. It appears that regardless of the global financial crisis, investments on Mallorca can still produce solid long-term benefits.
Daniel Chavarria Waschke, Managing Director of Engel & Völkers Southwest, has recognised a clear upswing since April of this year after the sharp decline in September 2008. Further to an initial period of insecurity, investors are beginning to come back to the second home real estate market in Mallorca and the Germans are leading the way thanks to their experience at home. The German real estate market was spared from the “crash” and despite the financial crisis German buyers held their ground in the first half of 2009 whereas last year the buyer market was evenly shared between German and British.
To date, the ratio of buyers shows 48% from the German-speaking region and 17% from Great Britain. Germans invest an average of €880,000, whereas British buyers invest an average of €450,000. The figures for both groups are clearly below the average volume invested in the same period last year, which was approximately €1 million.
It’s still early days to confirm whether we are coming out of this crisis. However, based on our surveys in June, we can see the first signs of an upswing in the market. Research, based on Internet surveys (the internet represents the most important source of enquiries for Engel & Völkers) demonstrates a further change in the ratio of “regular customers". In June, 62% of the clients came from the German-speaking region (3.5% from Switzerland, 3% from Austria and the remainder from Germany) and only 25% from Great Britain. Simultaneously the average price of real estate enquiries increased to €1.6 million but it remains to be seen how development will continue until the end of the year”.
Engel & Völkers is one of the market leaders in the real estate sector with 373 shops worldwide. One of the most important advantages for the 22 Engel & Völkers shops on the Balearic Islands is the Group’s powerful network to all its subsidiaries on five continents worldwide. This means that clients can be addressed and served in the source market.
Ten years ago Engel & Völkers opened its first shop in Mallorca in Andratx which remains phenomenally successful and had the highest turnover of any Engel & Völkers shop worldwide in the first half of 2009 (with the exception of Germany). It also ranked sixth in direct comparison between all shops including Germany. Furthermore, five other shops in the Balearic Islands are among the top 20 worldwide (excluding Germany) in terms of turnover.
* Source: Financial Times, December 27th, 2009.
Market Report 2009 (PDF)
Special Client Offers at the Hilton Sa Torre, Mallorca.
The Hilton Sa Torre Hotel is celebrating its first anniversary and in conjunction with Engel & Völkers we can now offer our clients some very special deals.
The „After Work Sushi“ - every Thursday evening from 20.00 – 22.00 h
Price: €19.90
All the Sushi you can eat with delicious white wine in a relaxed and welcoming atmosphere.
The chef will explain all the secret ingredients and the importance of the different spices
Special Offer for Engel & Völkers Clients
Make a reservation at the best possible rate available and you will also receive:
- 20% discount in the Sa Torre Pure Spa
- 15% discount in the Restaurant Arxiduc
Offer valid from July 1st through to August 31st, 2009.
Summer Specials (PDF)
eBooks - Latest SCI FI Novel is Launched Without Going into Print
Stephen King’s latest “paperless” book has been launched - the most widely read horror author in the world has published his latest work „The Plant" via the Internet. In the first few days of launch over 41.000 King fans downloaded the electronic chapter from the Web. This is great news for California Governor, Arnold Schwarzenegger, who has been lobbying schools in his state to phase out traditional printed material which he believes, is too heavy and costly, in favour of electronic books available over the Internet.
Engel & Völkers is also moving in this direction and has published its latest real estate catalogue as eBook (electronic book) on its Internet site. In addition, the new catalogue is being distributed on a CD in the current issue of the DELUXE MALLORCA – the lifestyle magazine for the island.
If you would like to receive a copy on CD, please send us an email with your postal address to:
The simplest way to find your ideal property
Mallorca Southwest is now even more user friendly. With the new section „My Real Estate “we offer our customers the opportunity to log onto our free Premium Property section.
Advantages for registered clients:
The email assistant
You are automatically informed by email, as soon as suitable properties that match your search criteria appear in our portfolio.
RSS assistant
You can create your personal RSS feed and you will be informed automatically over all new properties, which match your search criteria.
Regardless of which option you pick you will always be kept up to date. Using this system you can save hours of scanning real estate portals to find suitable properties. The service is practical, time saving and efficient ensuring that you receive the Engel & Völkers’ current portfolio - according to your search criteria - directly into your in box. Register now free of charge!
My favourite properties
Create your own “favourites property list” with real estate of your choice and maintain a structured overview of the properties which interest you. If your criteria changes at any time the system can simply be updated to provide new matches.
Interesting Investment Opportunities
If you are specifically interested in investment opportunities or in property which has been reduced below the market price average, you will find our „reduced property “section of interest. This section features a range of property from apartments to mansions.
Summer cooking courses in the Fórmula Schwaiger
New cooking-topics with Gerhard Schwaiger. Beside the legendary and famous cooking courses with topics featuring fish, meat and desserts, you can now also enrol to learn more about summer menus or a pasta cooking course. Our two star Michelin awarded chef shows you how easy it can be, not only to prepare, but also to make your own fresh pasta, or he will create with you a light summer menu with everyday ingredients, cleverly prepared, featuring what’s on offer daily at the market. You will find further information and the dates: www.formulaschwaiger.com and www.grupotristan.com.
NEW - CAPPUCCINO - TAKE AWAY
Cappuccino’s devotion to beauty and harmony, coffee and fresh food inspired the Cappuccino-Group to open their first “Take Away Shop” in Palma, Calle Unión, 11 (corner Plaza Weyler). Every day fresh food is served - a selection of sushi & rolls, salads, home made cakes & pastries and many other delicious goodies. All products are freshly prepared daily. Let's go and have a look!
Mallorca – a solid investment hotspot in the Mediterranean
May 2009 – For many investors 2009 may be one of the most difficult years to anticipate where to invest and the uncertainties of international stock markets has underlined the advantages of investing in bricks and mortar. Mallorca’s luxury second home real estate market has rocketed in the last decade making it a prime destination for investors and in spite of the global financial crisis investing here can still deliver solid, long term returns.
Previously potential second home investors may have found this region out of their price range and now find that this is the time to buy within their budget. In the last few weeks an encouraging number of enquiries have been received from all over Europe and the main visitor groups to these islands. Many enquiries are obviously from clients looking for a holiday home as they are focused on the apartment market.
Furthermore, the forecast for late spring/early summer looks promising with many potential clients looking seriously to buy.
Second home residential market Mallorca - February 2009
19.02.2009 – The last quarter of 2008 represented one of the most challenging yet for the island’s largest network of international estate agents, Engel & Völkers, specialising in the luxury second home market. Most areas reported sales down between 30-35% in the last quarter of 2008 compared the same period in 2007. Furthermore 2009 is set to remain difficult with anticipated sales down around 20% over 2008. The only area which has proved to be the exception is the south east which has had its best year yet.
download press release (PDF)
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