: Cost of Living and Lifestyle in Spain ( Mallorca ) 2007 onwards

[Stravinsky]

Originally Posted by jojo

Where has big pete gone???
Jo

I regret he multi spammed the site by pm and was banned from here by admin.

[brownster74]

Hi
New poster here, hoping for some useful info.

We are thinking of buyiing a small apartment in the Cala D'or area as a holiday home - we absolutely love Mallorca and would love to retire there - as well as introduce our young daughter to the Spanish way of life.

Firstly, does anyone rent out an apartment in Mallorca? We would really like to know about average rental occupancy over a year. What could we realistically expect?

Can anyone advise yearly costs associated with keeping a 1-2 bed apartment? We will only stay there 4-5 weeks a year and will hopefully rent it out to friends and familly etc for around another 10 weeks.

What is the situation with house sales in Mallorca, is it a buyers market at the lower end? Are people open to offers due to the shocking exchange rate? We only have around 150,000 Euros, I know this is chicken feed to most posters on here, but we have a young family and would be risking a lot to make a purchase.

Any info would be gratefully received, we are going to Mallorca in a week's time for a holiday with a view to purchase.

As an adendum, if people think it might be useful I can keep a log of progress over the coming months (Big Pete Style, but for the less well off)

Apologies if this is already covered in another thread