Mallorca property buying in the Time of Covid
Can I travel to Mallorca to view, rent or buy a property?
Good morning from Mallorca!
In a time when travel seems to have all but ground to a halt and foreign holidays remembered from some halcyon past, that dream of buying a property in Spain and moving out, part or full time to give the kids a better childhood or ourselves a better lifestyle or retirement, well it all feels less likely now, doesn't it?
Yet, as I sit here in Mallorca writing this piece, I know personally of several people who have done just that very thing this year. Some even moving just after the UK lockdown. Houses are being sold to foreign buyers, refurbs are going ahead and people are still moving, albeit more carefully.
Because, one thing you can do is travel to Mallorca to view, rent or buy a property. In what is being referred to as the Stanley Johnson Clause, this loop-hole applies:
"One of the exemptions in the British Covid restrictions allows travel to visit properties, estate agents, sales offices or show homes overseas if a person is seeking to buy or sell a foreign home,.."
Majorca Daily Bulletin
And one place you will feel safe and free is here, in Mallorca.
Country villas near a small town or village can provide the kind of security, healthy air and future investment that is needed at a time like this.
Could this be the best time to buy and refurb property in Mallorca?
Prices rarely drop in Pollensa, in the north of Mallorca. But deals are available now more than ever, as yet another uncertain future holiday season looms. And though it won't last, because holidays seasons will most likely be even busier once travel opens up again, this could very well be a small window of opportunity for savvy property investments on the island.
While the number of apartments for sale on the coast of Puerto Pollensa is growing because they can no longer legally rent as holiday lets, villas in the countryside with an ETV licence are few and far between.
What property is the best kind to buy right now in Mallorca?
It depends of course on what you are after. If you are looking to buy a small lock-up-and-go seaside pad, then a flat in the Port of Pollensa or Alcudia is perfect for a future of spontaneous Mallorca holidays for you, your family and friends.
If you are more interested in making a bigger purchase and buying a country home with a pool and fruit trees and then letting it out in the holiday season, then you will soon be looking at a steady return on your investment.
Given the strict regulations in place for building on rustic land, a refurbishment project is often the best option. It gives you the freedom to design and create the house you want and increase the value of your property.
How can I travel during Covid?
The simple answer is that you can travel if you have to work and viewing and buying real estate falls under that category.
It is worth mentioning here that the island infection rate is very low. At the time of writing Pollensa has no active cases and has begun the vaccination programme.
We do wear masks everywhere. The rules stipulate than unless you are eating, drinking or doing sport, you have to wear a mask. To some people it may seem unappealing, but it is surprising how quickly you get used to it.
Can I view a house remotely?
In the meantime, and thanks to the incredible advances in technology, it is perfectly possible to view property remotely, even walk-through the houses virtually and locate it on google earth to see its exact location and surroundings. We cannot transmit smells or feeling but can provide a sense of pretty much all else.