North West Mallorca – Tramuntana 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 West Mallorca – Tramuntana

This is Mallorca’s most dramatic region, dominated by a chain of craggy, limestone mountains stretching from Andratx to Pollensa.  Impressive peaks rising to 1,500 m and plunging sea cliffs are intercepted by sheltered valleys of olive or citrus groves and picturesque villages. Frequently referred to as the “other Mallorca”, it’s a walker’s paradise.

Soler

Soller and its picturesque Port have been undergoing a transformation and are fast going upmarket.

Following the opening of the toll tunnel to Soller three years ago, prices began to rise in the area.

The naval base and workshops were demolished, the harbour restructured and a second tunnel (Sa Mola) opened in 2007, taking traffic away from the seafront to make way for a pedestrian only promenade .

The only exception is the antique tram which runs from Soller town to the port, the last remaining tram in service in Spain.   Further investment of €3m provided wooden decking for the harbour side restaurants.

A new wave of restoration of existing buildings has brought out the French and South American influences on this area which originate from the historical trading and immigration links between Soller, France and Puerto Rico.

Recently opened hotels include the British run L’Avenida, (a 100 year old “señorial” mansion house), La Vila (a typical 19th century art nouveau townhouse) and the 1954 seafront Hotel Esplendido.

The most exciting news of 2007 to complete Soller’s metamorphosis is that the Jumeriah group (running Burj Al Arab in Dubai ) has taken over the Sa Talaia site which since 2002 has been the subject of much controversy, an unfinished structure dominating the skyline on the cliff tops above the port.  Their first project in Europe, they hope to create the “most luxurious hotel in the whole of Spain” with 120 sea view suites.  It is expected to open in 2 years.

Property prices in Deia and Valldemossa

Deia and Valldemossa are the famous, picture postcard mountain villages in the northwest.

A stone townhouse may cost €285,000 upwards, but expect to renovate.

A traditional, renovated stone townhouse with outside space will need €385,000 upwards.

Detached fincas can be found from €600,000 but those which have been renovated with charm and character, a pool and sea views will need more than €1.2m.

© 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.