In recent years, Mallorca has not only become a dream holiday destination, but an attractive place of residence capable of competing with major international destinations and the local real estate market tries to benefit from it. In addition to the traditional and powerful German and British markets, more and more French and Scandinavians are falling in love with Mallorca and looking for a home on the island. Lately they are increasingly interested in the luxury sector, with purchase prices starting at two million euros. The most popular places to buy luxury homes are Son Vida, an elegant neighbourhood on the outskirts of Palma, and the south-east of the island, especially the area of Puerto de Andratx. With the right advice, it is possible to make stable and secure investments with a purchase price of two million euros or more.
The island’s property market is precisely one of the most stable and consolidated in the entire Mediterranean. This guarantees a high level of legal certainty, which is an important criterion for international buyers, as is professional advice and processing. For all these reasons, Mallorca has been seeing its infrastructures grow for years: from bank employees specialising in mortgages and multilingual real estate agents, to lawyers specialising in real estate law. On the island there are numerous specialised law firms that deal with regulatory issues related to the purchase of real estate. These agencies are in charge of carrying out the procedures fluently and in any language.
Sometimes complex issues are dealt with, so it is advisable to have professional advice. In Mallorca, certain new constructions are subject to strict conditions, which entails important bureaucratic procedures. On the other hand, legislation has allowed the attractive landscapes of the island to be preserved and existing properties to continue to increase in value.
In view of recent political changes, what makes this island increasingly attractive and appreciated by the international public is the general security and peaceful coexistence of different nationalities. Highly educated international schools, international doctors and excellent medical services contribute to a high standard of living. Of course, Mallorca plays an important role in the famous Mediterranean lifestyle. It has a gastronomic offer for all kinds of palates: from the traditional and substantial traditional cuisine of the island consisting of arròs brut, frit mallorquí i tumbet, to first class international cuisine. Having a drink in the most exclusive beach clubs, such as the Nikki Beach in Calvià or the Nassau Beach and Anima Beach in Palma, is pure pleasure. Three large and luxurious shopping centres invite you to shop before or after your visit to the beach. One of them is located in the vicinity of the airport and calls shopping addicts to an unparalleled experience.
The island’s high standard of living is known around the world. This has made Mallorca more international in recent years and the capital, Palma, with one of the largest marinas in Europe, has become a cosmopolitan metropolis capable of measuring itself without problems with other major European cities. No matter what you are looking for: the hustle and bustle of the capital, the spectacular sea views from anywhere or the tranquillity of the countryside and mountains. Mallorca is the ideal place to live.