Mallorca as the capital of the Balearic Islands features the most sophisticated infrastructure, attracting national and international investors and is the most dynamic in terms of real estate notonly in the region but also in the Mediterranean as a whole. Mallorca is regarded as a leading destination for second home investment attracting a new generation of buyers. Buying a property in Mallorca is considered to be a good solid investment, with all the benefits associated with an exclusive second home in the sun.
The island’s attraction lies in its varied landscape, warm climate, culture and the sophisticated infrastructure it can offer. Supported by the most successful tourist industry in the region, this brings enormous benefits to the island not only in terms of year-round access but also for investment in a quality infrastructure, an important factor for investors. Mallorca has also been regarded as a safe haven and is home to many personalities, celebrities, politicians and royals including the Spanish Royal Family who traditionally spend summer holidays on the island. Maintaining the safety and security of the island is key where the authentic Mallorcan traditions and family life are fundamental to the essence of the island’s society.
Browse the Island for information about the regions shown on the map below.
Private investment has developed the tourism sector with the focus on quality, service and six boutique five-star hotels opened last year. Tourism also generates benefits for other facilities such as sports, international hospitals and clinics that other first-class treatment with multi-lingual staff and leading specialists. Gastronomy and the local production of local wine and olive oil is an important artisan industry that sells practically all its products on the island. Mallorca now has nine Michelin starred restaurants with ten stars offering original Mediterranean cuisine that brings up the standard for the entire hospitality sector.
Palma International Airport is not only Spain’s third major airport but is also ranked among the top 20 busiest airports in Europe (especially in the summer). Strategically located, average flying time to Mallorca from most European cities is around two hours making it an easy journey for short stays or commuting. Palma offers flights to approximately 70 destinations and this choice and range of connections to Europe and all over the world is an essential element to the success of the island’s real estate business.
Find more reasons to invest in Mallorca and detailed information on the property market in our current Engel & Völkers Market Report Mallorca.
Are you interested in buying a villa, finca or apartment in Mallorca? Contact us. Our multilingual staff will provide you with guidance on the sale, purchase or long-term rental of properties in Mallorca.