The Real Estate in Mallorca

mallorca-islandMany people know that despite of the financial crisis in Europe that has also affected the Spanish economy, the Mallorca properties are still a good investment opportunity.

However, not many are aware of the fact that the island of Mallorca is a diverse landscape which varies from region to region in price and return on investment over time.

Sure, the logical thing would be to purchase a beachfront Mallorca property or one as close to the shore as possible, but prices for these top locations haven’t gone down even during the worst times of the property market in the whole of Spain. So chances you get a bargain deal on one of these are pretty slim.

In order to catch a special price, you have to look elsewhere. Here is how the rest of Mallorca looks like in terms of the property map: the north-western part of the island is characterized by old towns such as Pollenca, which are full of narrow, cobbled streets and small houses among which you’ll find locally bars and taverns that serve locally produced wines. Also in the north, there are the Tramuntana mountains which offer some spectacular backdrops with plenty of hiking and cycling possibilities.

The south-east offers a more cosmopolitan region with cities such as Cala d’Or and Porto Colom which attract a richer crowd and are also home to some of the more famous marinas and yacht clubs on the island. There is more space for development as many of the homes here are surrounded by large spaces covered in lemon orchards or olive groves. Also, it has access to some of the best beaches in Mallorca.

In the south, you can find the large city of Palma, which is also the capital of the island, and this is probably the most expensive stretch of real estate, the ones bordering the large Bay of Mallorca on either side, with water access and with proper touristic conditions. Depending on what you want to do with your property and what your tastes are, you should decide from the start in which part of the island you want to make an investment.

 

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