Formula One Race Will Accelerate Mallorca Property Market
25 February 2011
The Spanish island of Mallorca is currently being considered as a host for the Formula One Race, one of the world's biggest sporting events. If it is chosen as the location for the world famous race, it will mean a huge increase of interest in Mallorca property for sale in the near future.
Plans are currently underway to build a brand new race track of world-class quality in Llucmajor, which is near Mallorca's capital city of Palma. The Formula One Grand Prix is scheduled for September 2012, and it is predicted that the island will see a huge influx of tourists. The event would give a boost to the local economy and improve many of the surrounding communities.
A large tourist rush such as the one predicted for Mallorca will likely result in many more properties in Mallorca being sold over the next few years. Once the visitors have encountered the beauty of this sunny location, they will be likely to want to invest in Mallorca property for sale.
Mallorca property for sale already appeals to investors, as the island has good prices, plenty of selection, and an ideal location. International sporting events such as this only add to the appeal of the island. Mallorca has already been the start and the finish of the Global Ocean Race 2011-2012, and the gorgeous Balearic Island is used as the training centre for many international tennis stars.
The property market in Mallorca has not suffered in the same way as other regions in mainland Spain have from the world recession. In fact, this location has actually strengthened its property market in recent years. It is developing a reputation as a playground for the rich and famous, and it is becoming a very sophisticated and fashionable destination.
To search through some of the best Mallorca property for sale, take a look at the Select Resorts website today!