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Last Updated on 18/07/2023 by STEPHANE
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Mallorca, a paradise in the middle of the Mediterranean
According to the British newspaper “The Times”, Mallorca is the first on the list of the best places for travelling and living. Its quality of life, weather and easy going people makes this Mediterranean island a dream for those interested in investing in a second home. Of course Palma is one of the most expensive city to live in Spain with Madrid and Barcelona but stil very much cheaper than a lot of cities.
What will you love in Mallorca?
Mallorca has a Mediterranean climate with mild winters and warm summers, it is possible to swim from March/April to November.
The island also has some of the best beaches that we can find in Spain, such as Torrent de Pareis or Cala Varques. Besides, Mallorca also offers the opportunity of doing hiking and trekking in the wonderful mountains of Serra de Tramuntana.
Although Mallorca is a small island, it is one of the most cosmopolitan areas of Spain.
Who are the real estate buyers in Mallorca in 2017?
Trinidad Moreno, from the real estate agency Morcas, points out that “Scandinavians are the top buyers of property on the island, followed by Germans and British. Although lately Swiss are getting more interested in investing in Mallorca”.
What does it cost to buy a second home in Mallorca?
Similar to all Spanish cities, the real estate market in Mallorca also suffered a deep descent during the years of the crisis (around 39%), but since 2015 it is experiencing a slow rise thanks to foreign investments. Nowadays, the price per square meter in the capital, Palma de Mallorca, is 1.657€.
Comparison of prices in the Balearic Islands and in Spain
Transaction Growth of 11% in 2016
There are signs that the market will keep growing because in 2016, there was a growth of 11% in the transactions, and the forecast for 2017 is that the market will keep growing.
Discover the best new build projects in Balearic Islands available right now
Where would you want to live in Mallorca?
Palma de Mallorca, the capital, offers an excellent location due to its proximity to the airport and the sea. It is also the biggest city of the island and offers a large variety of places where to live. Casc Antic and Calatrava are the trendiest areas to live now because they are in the centre of the city and offer all basic facilities (hospitals, shopping malls, supermarkets, etc). Portixol is a nice area next to the Sea. For those longing for a quiet place not far from the city, the best choice is Son Vida. This place has different golf fields and a harbour (Port Portals) to give a home to your boat (if you have one of course).
Sóller is a great area if you want to live in a small town surrounded by the fields, close to the harbour and the beach. It also has a vibrant Saturday market.
Pollença is the perfect place if you are looking for a seasonal residence because this small town has a bustling life during the warm period (in winter most of the shops and restaurants are closed). Pollença also has a big British community.
If the sea is not your top priority, the central area of the island is for you. There are plenty of villages were to live in their local shops and restaurants. Just in case, the beaches are not far thanks to the size of the island.
Get in and around Mallorca
Mallorca can be reached by ferry and plane. There are plenty of ferry lines that connect with Ibiza, Menorca, Barcelona, Valencia and other cities in Spain and the Mediterranean.
The airport offers routes to the main cities of Spain and Europe. There are different highways that bring you to every corner of the island, and there is also a train line that crosses the island from the south (Palma de Mallorca) to the north.
If you want to read more on the Balearic Islands, read our article on the Balearic Islands: Everything you ever wanted to know about the Balearic Islands.
Find all our other detailed maps on all the Spanish Costas and the Balearic Islands.
If you want to invest in the Spanish real estate market in Spain, don’t hesitate to read our special report with the 10+ reasons why you should have a look at the Spanish property market.
Have a look at the yearly weather statistics of Mallorca.
Have a look at our ePostcards before planning your next holidays in Spain.
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