On Thursday and Friday I went on a field-trip to Mallorca to get a better idea of the current state of the housing market, and look around some of the best homes for sale in different parts of the island. The real estate crash, mild as it was in Mallorca, is now ancient history, and different challenges have emerged in a market where demand exceeds supply. I was invited by Engel & Völkers Mallorca, an upmarket estate agency with offices covering the whole island including the most sought after areas like Palma, Andratx, Santanyi, Soller, and Pollensa.
I started off on Thursday morning in the south-east of the island, around Santanyi and Colonia Sant Jordi, all rural, understated and unspoilt, where people mind their own business and the countryside hides some of the some of the most impressive fincas in Spain. In the afternoon I went to Soller, on the other side of the Tramuntana mountain range on the north west coast, where the mountains, coast, and architecture combine to look like something out of a coffee-table book whichever way you turn. I ended the day near Pollensa in the north, in valleys that look like parts of the Scottish Highlands, palm trees aside. Dinner was sublime, and the next morning after a full Mallorcan I toured Pollensa and Alcudia, before heading down to Playa de Palma just south of the capital, where the beach area is moving from dated tourism to trendy modern and offers a compelling investment case.
In the light of my trip I plan to write a series of articles on the market in different areas of Mallorca, hopefully starting next week with a some thoughts about the market in general. Stay tuned if you are interested in property in Mallorca.