Guide to buying luxury property in mallorca
Luxury real estate experts Unique Living offer tips and advice on the world's top high-end real estate hotspots.
The largest of the Balearic Islands, Mallorca (or Majorca) is famous around the world as a sunny holiday destination. But for many luxury property hunters, the island is a home from home, with the Mediterranean climate and beautiful landscape providing an exclusive backdrop to some of the world's most prestigious villas.
Tempted to move to the Balerics? Here is everything you need to know about buying luxury property in Mallorca:
Vital Statistics
Average property price
€2m +
Style of property
Villas
Who's buying?
Brits
Background Information
Climate
Stormy winters and hot summers are the order of the day in Mallorca, although the island's mountainous landscape keeps weather varied throughout the year. Regardless, the island's well-known Mediterranean atmosphere maintains its popularity among overseas tourists and buyers.
Lifestyle
Mallorca remains one of the most popular holiday destinations in Europe, particularly for visitors from the UK and Scandinavian countries. The same can be said of its property market, with buyers won over by the island's appealing mix of warm weather, beaches and high-quality tourist services.
Economy
Mallorca depends upon its tourism business as a major source of revenue, with more than the half of the population working within the hospitality and tourism sector. But for expats and residents, income is not an issue: like Ibiza, the Balearics' aspirational nature Sees its residents living without the worries of a tight budget.
Insider Knowledge
"Mallorca tends to be more of a clique market, with more expensive house prices, but both Balearic Islands have more of a niche appeal. Ibiza is more popular with buyers, but Mallorca continues to be buoyant. You can get some lower-priced property in some areas outside of the main recognised locations with the market ranging from country houses to high-end villas."
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