Mallorca set to be Spain’s hottest property destination this year

The capital city of Madrid may be well known for its searing summer heat but this year’s hottest Spanish destination for home-buyers will be the Balearic island of Mallorca, say the experts at leading developer Taylor Wimpey de España, the Spanish division of one of the UK’s biggest home-builders.

Publicity

“Over the last 12 months we have seen both visitor numbers and enquires for property on Mallorca rise steadily,” explains Ignacio Osle, Sales and Marketing Director of Taylor Wimpey de España. “Buyers from the UK and Europe are not only looking at the traditional property hotspots on the mainland but further afield to Spain’s stunning islands such as Mallorca.”

And it’s not hard to see why this charming Mediterranean island is so popular. Mallorca offers something for everyone from amazing sandy beaches to stunning scenery, idyllic coves, traditional architecture and wide range of sports and leisure activities. Palma de Mallorca, the island’s capital, has also recently been voted one of the five leading Spanish towns for travel and tourism in 2010 by Exceltur.

Over 21 million passengers pass through Son San Joan airport at Palma de Mallorca year making it Spain’s third busiest airport and in summer, the busiest. In response to demand numerous airlines have increased frequency and started new routes to the island making accessibility even easier.

Eastern Airways will be launching new weekly direct flights from London Oxford Airport to Palma this June, easyJet is now operating a new flight from Manchester, tickets are on sale with Jet2.com from Glasgow to Palma and budget airline Ryanair will commence routes from Birmingham to the island this summer as well as a new national route from its base in Alicante.

In addition to air arrivals, Mallorca is also seeing significant numbers of visitor arrivals by sea with Palma receiving over 500 cruise ships last year, carrying some 1.3 million passengers. Docking in Palma has become so popular in fact that a designated berth is under construction at a cost of some 28 million euros by the Port Authority in the Poniente docks to accommodate up to 5 of the larger vessels.

One previous cruise ship regular, entertainer Claire Sweeney, stopped at Palma so regularly and fell in love with Mallorca so much so that she purchased a home at Cala Viṅas, just minutes from the capital.

The Balearics’ property market remains robust with a 145% increase in property sales in 2010 compared to 2009 recorded by the Public Works Ministry and Mallorca itself has the second highest average asking price in Spain at €428,300 according to the latest Kyero.com Spanish House Price Index (Q1 2011).

Asking prices however have fallen over the last 24 months as the market has realigned and affordable properties are available. Taylor Wimpey de España for example are launching two superb new residential developments, Aires de Pollensa, just minutes from Pollensa beach in the north of the island and in respond to client demand, a new phase at Los Altos del Golf in Andratx, in the south west.

Both developments offer a very high standard of build as is expected of Taylor Wimpey de España with spacious 2 bedroom apartments at Aires de Pollensa available from €260,000 and large detached 2, 3 and 4 bedroom properties in one of Mallorca’s most exclusive areas at Los Altos del Golf available from €505,000.

Just launched, interest in these developments is already high so for more information contact Taylor Wimpey de España today on 08000 121 020 or visit www.taylorwimpeyspain.com. If you reside outside the UK you will need to call 00 34 971 706 244.

Comments

comments