The beautiful island of Mallorca is a fabulous place to look for properties for sale. With the property market in Mallorca beginning to show healthy signs of recovery, house hunters looking for properties for sale in Mallorca at competitive prices could be in for some good news. There are certainly bargains to be had when looking for properties for sale in Mallorca.
Mallorca successfully combines all aspects of modern, technologically driven life with culture and past traditions like nowhere else in Europe. The island has also definitely undergone an amazing image make-over during the past 2 decades. Before the 90s, the island was snubbed as being the perfect holiday destination for a certain type of “raucous”, low budget tourist, the Germans even went so far as to dub it the island for cleaning ladies (Putzfraueninsel). Luckily, the locals never took any offence; on the contrary they acknowledged the good taste of German cleaning staff! Anyhow, a certain exclusive clique of world elite and VIPs has always been frequenting Mallorca since the 19th century, the Mallorquins happily welcomed them, gradually adapting to and learning from the new cultures and habits the yesteryear Jetsetters introduced.
These wealthy visitors were the first to discover and appreciate the unique beauty of Mallorca’s landscape, the fantastic climate, the scrumptious cuisine and also the captivating properties for sale in Mallorca’s appealing coastal areas or villages. Nowadays, Mallorca is the number one Mediterranean location for international property investors or individuals craving for a second residence in the sun. Numerous daily flights from all major European airports guarantee easy access to the island and the possibility to hop over regularly for short, spontaneous visits.
Villas and country properties in all island regions are being snapped up as fast as they hit the sales market. Luxury apartments for sale in newly built, gated communities next to golf courses or near one of the many beaches are being bought straight off-plan before the first excavation work has begun.
The additional attraction of generating a neat income after covering all running costs by renting out the Mallorca villa or finca for holidays is another bedrock reason why Mallorca is the number 1 investment location in southern Europe.
Mallorca’s capital Palma hugs a magnificent bay and those who arrive by boat are treated to a spectacular first impression of this vivacious, Mediterranean city. The scenery could not be more jaw-dropping: with the shimmering, deep-blue sea in front, Palma is framed by a majestic, historic backdrop of extravagant architecture and over all of this glory the Gothic cathedral dominates the city skyline by almost heavenly dimensions. On a more “down to earth” note, every important designer label is now present in the city centre – no need to fly over to Paris for a Louis Vuitton bag anymore! Countless top class restaurants such as Marc Fosh’s restaurant, rated with a Michelin star and authentic bars offering island delicacies serve their clients with a charming swift routine. Hence, commercial premises for sale in Palma’s top locations are becoming rare and coveted. Former city palaces in Palma’s old town are being converted and modernised, stunning apartments in these historic buildings top the shopping lists of clients who appreciate Palma’s bustling, international atmosphere. Some penthouses here in the heart of the city have roof terraces with pools, the views across town to the bay are simply to die for!
Over the years, Palma has gradually reinvented itself and many districts that were formally so-called “no-goes” have transformed themselves into fashionable areas to live. Santa Catalina and Sa Calatrava are two of these districts that have undergone an amazing change, from being former kind-of seedy areas to the city’s trendiest locations. Here, Mallorca town houses and apartments for sale are amongst the most sought-after in town and prices have rocketed over the past 5 years. Trendy cocktail bars, such as the roof-top bar of the Hotel Cuba which, apart from superb drinks and a great ambient, also offers spectacular sea views have rapidly become the in-places to chill out with friends or colleagues after work!
Portixol is an immediate Palma suburb right on the seafront and within easy walking distance to the city centre. It used to be a fisherman’s village and the cute harbour still bears witness to the past residents. Nowadays, this enchanting and authentic area is one of the most expensive in town! Reformed former fishermen’s cottages and houses or luxury penthouses for sale here in Portixol are priced close to or over the 1 million mark. Foreign investment has changed the face of this one-time sleepy district completely. Whereas in Santa Catalina a more Bo-Ho chic scene has settled, here in Portixol a wealthy, multi-national clientele has taken over.
As usual, the mega rich have found various exclusive niches on Mallorca, where they reside amongst equally wealthy, one of these is Son Vida. Perched on a hill on Palma’s outskirts and offering sweeping views over the city and the bay, Son Vida oozes luxury in every corner of its manicured landscape. The Mallorca villas for sale here are mind-blowing and opulent; the golf courses are amongst the most challenging and the gorgeous hotel Castillo de Son Vida is world famous. Even if you do not own a multi-million Euro luxury villa here, renting a holiday villa in Son Vida will set you back a small fortune!
Pollensa and Puerto Pollensa in the north of the island have earned an excellent reputation for being family friendly, rich in history and the region with superior blue flag beaches. Visitors adore the spectacular views of the Tramuntana Mountains and the slow pace of life. Offering real and tranquil escapism, the region Pollensa has everything the heart desires; even world class sports facilities that cater for cyclists, climbers, and water sports enthusiasts.
Apart from providing the area with a definite touch of glamour, the international yacht marina in Puerto Pollensa, called the Reial Club Nàutic, provides a myriad of port services which also include a sailing school and a famous restaurant which serves delicious, local seafood delicacies. For those with a more refined palate, Puerto Pollensa now features the Argos restaurant – one of only two Michelin Star restaurants in the north of Mallorca, it is on the ground floor of the boutique hotel, La Goleta on the seafront. The best chill-out bar for a sun-downer is the Cappuccino to be found on the seafront promenade called the Pine Walk. Cappuccino is another gastronomic business forming part of a hotel, the Sis Pins. Properties for sale here on the Pine Walk enjoy breath-taking views of the bay and, in spite of amazing price tags, they are in high demand.
The historic town Pollensa has also attracted the attention of overseas buyers and many traditional town houses in the centre have been modernised to highest standards by their new foreign owners. Those who prefer more space and privacy, go for a country house for sale, also called finca, with a pool, mature gardens and views over the countryside or mountains.
In neighbouring Alcúdia with its exclusive property areas Aucanada and Bon Aire, villas and apartments sell rapidly and are a fantastic option for investors. Close to the championship golf course on the seafront in Alcanada or the restaurant Jardín which has held a Michelin Star since 2012, homes here are coveted and range from luxurious and modern, to traditionally Mediterranean.
Hidden coves and lovely beaches dot the coastline in the north and homes have the good fortune of possessing some of the best sea views on the entire island.
Mallorca’s centre is has a wealth of natural beauty and every thinkable form of landscape: mountains, vineyards and vast agricultural land and fields laden with flowers as far as the eye can see. Here in the heart of Mallorca, rural properties for sale are more affordable than nearer to the coast, although even in this “cheaper” area, property sales are gaining momentum and prices are increasing. Charming villages such as Alaró and Selva are steeped in tradition and cater for those seeking an authentic Mallorcan experience. Quaint cobbled streets lead to the village squares where, as custom demands, you meet friends for a coffee in the morning or a wine later on. The latest news and gossip is exchanged and many a property deal has also been discussed in the laid-back atmosphere of a typical Mallorcan village square, neither Alaró nor Selva are exceptions to this rule.
These villages have the most dramatic backdrop on the island: the Tramuntana Mountain Range, a UNESCO World Heritage. A feeling of tranquillity and a “time is standing still” sensation hovers over this area as a whole, a contrast to the superb train and motorway connections down to Palma. Spectacular country estates are tucked away in discreet locations near Alaró and the very rich residents of these luxury villas do not stand out in these unassuming villages where understatement is a way of life!
Locations such as Puerto Andratx, Puerto Portals or Port Adriano are tailor-made for the super rich to indulge in their flamboyant life-styles. Gleaming, jaw-dropping super yachts lie idly on their moorings in these marinas awaiting their multi-millionaire owners. Whilst the north stands for understatement and discretion, here in the south-west foreign residents thrive on showing their success and wealth, the more extravagant the better! Luxury villas for sale exude opulence like nowhere else in the Med. Prices of properties in Mallorca’s most popular high-income region might be mind blowing but the demanding clientele most certainly get to buy exceptional properties for their money. Contemporary villas, architectural masterpieces, wind their way round to the tops of cliffs in Puerto Andratx, where districts such as Montport, La Mola or Las Brisas are classified as the top residential addresses, mention you own a Mallorca property in one of these locations and everyone knows instantly you are definitely rich.
Luxury penthouses and contemporary loft-style apartments overlook the super yacht marinas Puerto Portals and Port Adriano, perfect properties to complement accommodation on the yachts for owners who do not want their guests around all the time.
However, the island is not only a millionaire’s playground, check out here on our website our selection of best property deals under and around the 600.000€ mark, you will be surprised at the broad offer in all areas. Unfortunate personal situations lead in many cases to bank repossessions and provide superb opportunities for buyers to snap up a fantastic villa or apartment at a below-market price. Again contact us here for more in-depth information. Mallorca is affordable to a wider population than many think; it is all about research and contacting the right people. Balearic Properties has a passion for Real Estate and our portfolio covers all types of properties for sale.
Mallorca and its capital, Palma, are exciting places to be, they are permanently reinventing themselves and are full of delightful surprises. It is our pleasure to assist you to become part of this fantastic island community.