Mallorca’s real estate market is a reliable partner in stormy times
Mallorca is a fantastic island with a versatile landscape that is hard to match. Over the years, the island has always attracted big names in the world of culture and media. Adapting to modern trends a cultural shift has taken place and Mallorca now also hosts mega yachts and famous faces of all walks of life. Just to name two: Michael Douglas and Sir Andrew Lloyd Webber both own gorgeous properties here; European royals regularly visit and also contribute to the island’s ever increasing popularity.
Mallorca has certainly proved to be the location for a solid property investment and has so successfully fended of the worst of the Spanish economic crisis. Directors of the island’s major real estate agencies agree: over on the mainland, some properties are selling but only albeit sluggishly and at much lower prices that before Spain’s economy got into trouble. On the other hand, the popularity of Mallorca properties for sale is exceeding expectations and the island did not make the same mistakes as far as excessive construction is concerned as were committed on the mainland.
Wealthy and famous people have always been attracted to the island, expats wanting to better their personal lifestyle
The south-west is definitely the equivalent to Kensington and Chelsea on Mallorca with prices of villas or penthouses for sale that can easily compete with the UK capital. Nevertheless, the south-west attracts many foreigners, the majority being British; these residents like to be close to the island’s cosmopolitan capital Palma which offers a great selection of top restaurants and shopping malls. Foreigners who purchase a villa or an apartment in the south-west are looking for a change in their personal lifestyle before thinking about investment options.
Buyers with endless funds are tempted about 20km away from Palma where the south-west coast beckons, with villas for sale like the stunning five-bedroom one with sea views in Puerto Andratx pictured above. It oozes opulent luxury, listed for sale at €9.8 million. More info about this Villa for sale in Andratx
It’s not all about millions though, offering more affordable options at Port de Andratx is a gated community currently still being built next to Golf de Andratx. Camp de Mar Beach is close to the sea and will offer trendy two and three-bedroom town houses for sale, with terraces and gorgeous gardens. Completion is scheduled for June 2015, 30 of the planned 71 units, are already for sale with prices starting at €377,000. More info about Apartments in Camp de Mar
Mallorca’s tennis star Rafael Nadal comes from Mancor which is in the central east of the island, here property is less expensive than down south, even on the coast!
Here, a superb beachside complex called Cala Magrana III offers smart apartments for sale with prices starting at €230,000. Two-bedroom, two-bathroom apartments at Cala Magrana III have terraces or gardens. They offer sea views and a short amble takes you down to various lovely sandy coves with crystal clear water. Only 2 of the 48 properties for sale are left, so those interested should make sure they get in there fast! More info about these Apartments in Cala Magrana
Mallorca has properties for sale to match any requirements and all purses!
For those who prefer the city-life, even better if within walking distance to Palma’s picturesque old town, Marina Plaza, intrendy Portixol is the exclusive option, with fabulous views over the magnificent bay of Palma. Here two-bedroom duplex apartments begin at €1.1 million. See all property for sale in Portixol
When you decide to purchase a newly constructed property, calculate 10% IVA (VAT) on the price and around additional 3% to cover the notary and registration fees. Foreigners who decide to become full-time residents of Mallorca can benefit of the travel discount the island enjoys. By producing proof of residency by means of the so-called “Certificado de Empadronamiento” a travel discount of 45 per cent on flights and ferries to the neighbouring islands or the mainland is granted. See more info
As always our company is first to promote the most innovative projects in Mallorca – have we activated your interest? Then please talk to us now, we will be delighted to give you all the information about exciting town houses and apartments for sale in private complexes.
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