The finest properties in Mallorca / Majorca

Knowledgeable, dedicated, passionate

2007 was a very successful year for MJC Associates S.L. and we look forward to even more success in 2008. Most of my colleagues in the industry report similar good results.

Congratulations to Urbanizadora Calvia S.A.,better known as the Bendinat developer with 25 years of experience, who also reported their best year ever. Now we will see how the current economic uncertainty and the strength of the Euro against the Pound Sterling affect the market. Needless to say some of the small agencies have fallen by the wayside but the strong survive and prosper!

As always, we have summarized some interesting news for you and then present you with some of our newly listed properties in the below feature section.

The following information is very simply Michael Cunnington's understanding of the matters mentioned and in no way should be taken as an official view - any comments from readers will be welcomed.

With the Euro some ten per cent stronger than two or three months ago - sellers should consider that as the majority of buyers are still from UK - prices have effectively increased by the same ten per cent.

Sharpen your pencils!! Having said that and although the Euro /pound rate is obviously a factor - there is still considerable interest from around the world in the really super properties.

There are and will be opportunities to buy distressed real estate. So have your money box ready!!

THE "NEW KID ON THE BLOCK"

Statistics from Palma City council confirm that" demolition and reforms" exceed " new builds" in the City. This is a trend we are likely to see increasing - and as I have said several times before - will certainly apply to "Sea Front Properties".

Work is starting on the New Congress Centre close to the GESA building on the entrance to Palma from the airport. The completion date is 2011 but marketing will start at the end of 2008 to sell the facility to conference users.

The extension of Terminal C at Palma's Son San Joan Airport will commence in 2009 - to handle all the "hub traffic" - mainly Air Berlin and Niki. Even now the airport looks like and IS a major base for Air Berlin with a huge network of destinations including London Stansted and more than 15 Spanish destinations apart from all major German cities.

The equivalent of dialling 999 in UK In the event of an emergency is phone 112 and the Balearic Emergencies Service will attend to you in four languages (English, Catalan, Spanish and German).

This Service co-ordinates all calls for ambulances, fire brigade and security forces through this telephone number to provide a rapid and effective response in whatsoever emergency.

Other useful numbers:
National Police Tel. 091
Palma's Fire Brigade Tel. 080
Health Emergencies Tel. 061
Son Dureta Hospital Tel. 971 17 50 00

Tel: +34 690 075 169 Email: info@mjcassociates.net
Calle Convent des Caputxins 4b - 1d, Palma, Mallorca, ISLAS BALEARES 07002