Mallorca: Worthy of Investment?
30 March 2017
In 2014, “Mallorca was voted as one of the best places to live in the world” (Balearic Blog). In addition, it was the third most searched for destination by holidaymakers in Europe with a strong expectation that the region will remain an important short haul destination throughout 2017 (Sojern Global Travel Insights Report). These are two of several reasons as to why investors and expatriates are continuing to snatch up the stunning properties on this island. Property investments and holiday homes harmoniously coexist in Mallorca with its ‘cosmopolitan’ style of living, 300 plus days of sunshine and exceptional sea views that attract more and more people each year. In fact, the island has seen a sudden popularity surge within the last three years in the real estate market.
The Center for Real Estate Studies asserts that the average selling price for holiday properties in Mallorca boomed in 2016, notably in the south-west, the north and in the capital Palma, from 2% to 6% (Porta Mallorquina). Furthermore, it is estimated that the average price of homes in Spain is 4.4 times an individual’s gross salary. That’s 4.1 times lower than in Britain and France making it one of Europe’s cheapest places to buy or invest in properties (Mallorca Properties). Since the Spanish Property Crisis in 2008, Spain has come back fighting and is a praiseworthy contender in the property market.
The island itself is full of magnificent landscapes and artistic infrastructures development creating a perfect environmental balance between man-made and natural. Also, the locals are an energetic, multinational community who welcome non-Spanish citizens and tourists to its large beaches, mountain ranges and overall rich cultural way of living. With outstanding scenic views, there are numerous properties scattered around this sensational Mediterranean island definitely worthy of investment. Have a look at our favourite Mallorca resorts below:
Costa Beach is a fresh residential complex delivered with direct beach access and astounding sea views. Situated in a place to gaze at stunning characteristic beauty, this development offers a unique location. With natural coves, white sandy beaches and a clear and calm sea, as well as 4 golf courses within a 10 minute drive of the properties, the area offers a fantastic location for a relaxing holiday home.
Costa Beach consists of two-bedroom apartments and three-bedroom townhouses. There is a large swimming pool and a wonderful sunbathing area for owners to enjoy and all properties are offered with allocated private underground parking and a separate store room included in the price.
The new Marina Golf III residential complex affords a luxurious location right next to the prestigious Santa Ponsa III Golf Club. The Mediterranean-style village has 3 bedroom properties for sale with private terraces and gardens as well as allocated parking spaces.
Designed around a generous communal area, there is a communal swimming pool for the exclusive use of owners surrounded by a solarium area with views over the golf course and a large communal garden. There are also changing rooms, showers and toilets. Also, in order to maximise sunlight, the properties are all built to be south-west facing with several terraces in order to enjoy the sun for most of the day.
The time is definitely now when investing in or buying a residential Mallorca property. Whether you’re looking for your dream home in the sun or simply looking for an investment property, Select Resorts Properties has an outstanding variety of properties in Mallorca available.