Why Mallorca is the perfect place to invest in a property abroad

Mallorca simply has it all, wrapped up in one of the most beautiful islands in the Mediterranean, which is why it is top of the list of desirable places for people from all over the world.

Marina and boats in Mallorca

Indeed, The Sunday Times recently voted it “The best place to live in the world”*

Here’s why:

  • The Mediterranean climate provides endless long, warm and sunny days throughout the year
  • Beautiful, varied scenery, from the vineyards on the plains to the majestic Mountains of the Tramuntana, with long sandy beaches and gently shelving bays to stunning cliff top vistas
  • Cosmopolitan attitude has welcomed residential foreigners for more than 40 years, with English widely spoken
  • Unspoilt by overdevelopment, unlike the mainland of Spain
  • Cheap flights served by most UK airports, taking only around 2½ hours
  • Impressive medical and dentistry facilities, with private health insurance much cheaper than the UK
  • A stable property market, buyers buy to enjoy the property not to speculate, so never suffered the alarming oversupply that caused the mainland market to drop so dramatically in the recession
  • This limit by successive governments to maintain supply with demand has resulted in Mallorca property having a premium price over many destinations, but also guarantees your investment is safe
  • More than 24 golf courses, 25 marinas and an endless choice of sports and leisure activities both on land and in the water
  • A delicious range of restaurants in both budget and menu, not forgetting the award-winning local wines
  • The capital of the island, Palma, is a truly majestic and cosmopolitan city offering sophistication and history in equal amounts
  • Last but not least, read your British newspaper with your coffee on the day it’s published, whilst sitting in the sunshine!

Mallorca Property Market in 2021

Following the restrictions of the past months caused by the Coronavirus pandemic, since people from the key markets for property on Mallorca, i.e Germany, Great Britain and Scandinavia have been able to visit again, there has been a considerable amount of activity and the property market is booming!

Mallorca – a safe haven

These international buyers regard Mallorca as a safe haven to own a second home where they can escape the threat of a lockdown in their country of origin and make a steady long-term investment. The island’s real estate market is underpinned by a unique combination of excellent infrastructure, a modern public and private healthcare system, extensive leisure and sports facilities and international schools that raise Mallorca’s status as a top Mediterranean destination. The market on Mallorca is unlike any other European domestic market, most of the desirable properties for sale which consist of high-quality apartments and detached Villas with “premium” characteristics in prime locations are primarily second homes or investment properties with Foreign owners. Following the Coronavirus pandemic, more and more people realise they can work from home and why sit in a room in London or Berlin when you can be enjoying the Mediterranean lifestyle and sunshine by working from Mallorca, just a 2 hour flight away!!

Thinking of buying? Don’t wait!

Anyone thinking of buying property on Mallorca now should visit sooner rather than later, as Post-Covid the market is very active with buyers from all over Europe descending on Mallorca, properties are becoming scarce and prices are rising.

Owners can spend as long as they like in their Mallorca property

Despite publicity about the new restrictions on staying in EU properties, Spain enjoys the benefit of offering a “Golden Visa” to British buyers which ensures residency on owners of properties purchased for over 500,000 Euros. So no restrictions on staying! If you purchase a property with us, our Spanish Lawyer will provide further information.

“If you are looking to buy a property on Mallorca, why spend hours searching estate agents' websites and waste money on fruitless viewings? We will find relevant properties that will suit you and take the stress out of buying as well!”