Butterfly's

[Dilly17]

Hi all
Just before I spend my life savings on property here
Is there anything I should know?

 

[Nick]

Can you afford it?!

 

[Tangoman]

Hi Dilly

You said that you have been coming to PP for 10 years.

"Anything you need to know?".

Ask yourself, why do you keep coming back? Lucky you, enjoy!!

 

[Dilly17]

Can you afford it?!

Yes just!
I thought either buy an apartment or have a little fire with the money
You only live once

 

[Tangoman]

The "fires" were last week!!!

 

[Dilly17]

Hi Dilly

You said that you have been coming to PP for 10 years.

"Anything you need to know?".

Ask yourself, why do you keep coming back? Lucky you, enjoy!!

Thanks Tangoman
It's maybe longer than 10 years
I remember the man with the little blue motorised tricycle
Who came along the front selling Ice cream

 

[Tangoman]

I have been coming for approx. 25 years+, and I suspect that you are quite correct - the little motorbike was almost certainly more than 10 years ago, to my mind, (although I could be wrong).

 

[its cd]

I have been coming for approx. 25 years+, and I suspect that you are quite correct - the little motorbike was almost certainly more than 10 years ago, to my mind, (although I could be wrong).

Think Senor Valls stopped his cycling about 15 years ago

 

[Teacu]

Where's MdR when you need him ?

 

[Nick]

Hope he's alright!!!!

Maybe he's joined another forum?!

 

[sws97sdg]

Saw this thread and thought we were going to have a discussion of the various butterflies of Mallorca!
You do not say if you are buying a holiday home or moving over, that would help to know.
If its a just a holiday home, you are lucky because there are a lot to choose from, which is good if you are buying, not so if you are selling. If its a long term purchase then that needn't worry you, but if its just short term for investment, then you should consider what the position would be like when you come to sell.
We have been looking at property for the last 20 years, and we have certainly seen places up for sale for 2, 3 and even more years, something to bear in mind!!

 

[Dilly17]

Saw this thread and thought we were going to have a discussion of the various butterflies of Mallorca!
You do not say if you are buying a holiday home or moving over, that would help to know.
If its a just a holiday home, you are lucky because there are a lot to choose from, which is good if you are buying, not so if you are selling. If its a long term purchase then that needn't worry you, but if its just short term for investment, then you should consider what the position would be like when you come to sell.
We have been looking at property for the last 20 years, and we have certainly seen places up for sale for 2, 3 and even more years, something to bear in mind!!

Thanks sws97
We are looking purely at buying a holiday home

 

[debz1]

We bought our apartment 12 years ago after holidaying in PP for 16 or so years. If you want to use it as a holiday home 3 or 4 times a year, and are not relying on making an income out of it (which because of the current laws are illegal anyway) then I would say absolutely go for it. We are not tied by work commitments so can go on a whim...for a long weekend, or a month at a time and absolutely love our second home in the sun. However after spending a freezing cold week there last week I imagine unless you buy a new build, underfloor heating would be a must..apartments are not built to be warm Call me a wimp but Mallorca can be a ***** in the winter!

 

[mallorcaboy]

Debz1, if you can't afford underfloor heating, have you thought of slippers? ��

 

[Deanscroft]

Make sure you are aware of all the running costs. The one that many people tend to forget is the Non-resident property owners tax. Basically if you own a property but are not living in it then it is taxed as if you are getting an income from it. In round figures every year you pay a tax of about 0.5% of the registered value.

 

[debz1]

Debz1, if you can't afford underfloor heating, have you thought of slippers? ��

Haha even with slippers you feel the cold floors. It sort of gets into your bones, and once you're cold it's hard to get warm. I am definitley going to invest in an electric blanket for our next winter visit as the sheets were icy cold too

 

[Gommar Goffer]

Velour jimjams Debz!

 

[debz1]

That's where I've been going wrong

 

[Dilly17]

Make sure you are aware of all the running costs. The one that many people tend to forget is the Non-resident property owners tax. Basically if you own a property but are not living in it then it is taxed as if you are getting an income from it. In round figures every year you pay a tax of about 0.5% of the registered value.

Thanks for that Deanscroft
I was budgeting around £2500-£3000 ish pa just for it to sit there
I am only looking at a 1 bed apartment max am I far off?

 

[hoopy]

Haha even with slippers you feel the cold floors. It sort of gets into your bones, and once you're cold it's hard to get warm. I am definitley going to invest in an electric blanket for our next winter visit as the sheets were icy cold too

You not got central heating Debz?