North east and inland Mallorca property report 2008

2008 Report (index)

This report on property in Mallorca has been written by Jan Westwood of The Property Finders Mallorca. The Property Finders are buying agents who represent the buyer, not the vendor. For Jan Westwood’s contact details see The Property Finders.

Property in North East and Inland Mallorca

Property in North East Mallorca

You can now reach the pretty town of Arta in the north eastern corner in 55 minutes from Palma.

As you leave Manacor northwards, the C715 runs through picturesque orchards and pastureland.  The town is surrounded by the ancient hunting grounds of Mallorcan royalty, with the peaks of the northern Serra de Llevant Mountains as a backdrop.  It’s rarely troubled by the coastal package tourists, there are four golf courses in the vicinity and some of the region’s most secluded beaches are close to hand north of Cala Ratjada.

Inland Mallorca

The Inca to Sa Pobla section of the new six lane Palma to Inca motorway was finished last summer, cutting the journey to 25 minutes from the capital to Sa Pobla in the north where the application for building licences tripled in the last three years.

For golfers, 2 new courses are nearing completion, Son Gual on the Palma to Manacor road and Golf Park Puntiro on the old Sineu road.

The Maoris, between Arenal and Cala Pi, opened in October last year, bringing the total number of courses to 22.  Although more were in the pipeline, notably Son Real (Santa Margalida) and Son Bosc (Muro), local government has now clamped down on plans for more.

Still on the sporting front, an estimated 80,000 cyclists visit Mallorca every year. Cycling clubs use the island for training in the shoulder months which brings in further revenue out of peak season.  There are now 311 km of sign-posted cycling routes and Mallorca’s latest sports facility, a world class velodrome, hosted the track cycling world championships in March 2007.

Property Prices for Inland Mallorca

It is no longer the case that property in the centre of the island is cheaper as the road system is continually improving.  Furthermore, fincas for renovation are in short supply.  A complete ruin with 8,000 sq metres of land will still fetch €160,000.

A word of warning – over the years, the local custom of “adding on” without planning consent has resulted in some enormously appealing fincas, but thorough research and legal checks should always be made.

Traditional, stone faced village properties needing renovation cost €275,000 upwards and renovated houses with gardens and good views from €375,000, depending on area.

© Jan Westwood (The Property Finders)

 

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About Mark Stücklin

Mark Stücklin is a Barcelona-based property market analyst and consultant, and author of the 'Spanish Property Doctor' column in the Sunday Times (2005 - 2008). He can be reached by email on ms@spanishpropertyinsight.com.