Over the past several decades, Mallorca has established itself as one of the premier destinations for the globe’s most discerning individuals and families. With Mallorca being a multi lingual island and offering an international feel, it has proven time and time again to be a popular place to own a home and has continued to attract high net worth individuals and celebrities from all over the world.
There are excellent healthcare facilities, a range of international schools and of course, the beautiful climate with Mallorca enjoying around 300 days of sunshine in the year. When you combine these factors, along with Mallorca being a safe country to live in, one can see why properties on this Balearic island are so in demand.
Areas such as Port Adriano, Santa Ponsa and Costa d’en Blanes are some of the most sought after in Mallorca, and have some of the most luxurious and exquisitely built properties on the island. The types of properties available range from traditional country houses and villas to brand new ultra-contemporary properties, fully equipped with the latest “smart” technology.
The port towns such as Port d’Andradtx and Port Adriano mentioned above were once simple fishing harbours, but are now home to luxury superyachts, gourmet restaurants, high end designer shops and wealthy residents. These harbour towns are only around a 40 minute drive from Palma International Airport, making them easily accessible for international travellers, and accordingly the town centres are also in close proximity. With their beautiful setting and stunning views, houses here are always in extremely high demand. In the last several years these areas have seen a huge growth in property prices with high net worth individuals purchasing stunning properties in the hills surrounding the port, and this trend does not appear to be slowing down.
Along with offering beautiful properties, a stunning landscape and an abundance of luxury restaurants and shops, the ease of a property purchase is second to none. Due to there being many professional estate agents and legal advisors the buying process in Mallorca is far simpler than many of its European neighbours.
With a combination of the lack of land to continue building luxury properties and the general lack of supply of existing high end and luxury properties in Mallorca, prices will continue to rise over time, making a property purchase in Mallorca a very sound investment. According to Porta Mallorquina, property prices in Mallorca have risen 30% in the last five years. Whether a buyer chooses to rent it out some months of the year in the peak holiday season or simply leave it empty for their own use, an owner will be sure to benefit from an asset class which has stood the test of time.
With the different styles of luxurious properties available, stunning views and weather, and continued demand for properties on the island proving it to also be a strong investment, there has never been a better time to buy a property in Mallorca.