LIFESTYLE

Mallorca property market hots up as pre-Brexit British buyers snap up second homes

Mallorca's-beaches
  • Reservations by Brits up 36% in past year (Taylor Wimpey España)
  • Prices in Palma de Mallorca up 14.7% (TINSA)
  • Total Mallorca reservations up 43% in last 4 months (Taylor Wimpey España)

Mallorca's beaches

Mallorca’s beaches aren’t the only part of the island hotting up. Leading Spanish home builder Taylor Wimpey Espana, which celebrates 60 years of operation this year, has reported a notable increase in property reservations on the island by British buyers. While reservations on Mallorca overall are up 43% year to date, British growth stands at 36% for the same period.

 “Mallorca is enjoying a substantial and sustained increase in interest from British buyers. Many buyers are keen to establish their presence on the island – with either a second home or a primary residence – well before next year’s Brexit deadline.” 

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Mallorca offers a blend of sunshine, beaches, mountains and leisure pursuits that appeals hugely to British holiday home buyers. Properties on the island are also attractively priced compared with those in the UK.

Stylish two-bedroom apartments are available from €238,500 + VAT at Taylor Wimpey España’sAcquamarina development at Cala D’Or. The spacious homes offer open-plan living that stretches out onto generous terraces for making the most of Mallorca’s climate.

Private porches and gardens

Communal gardens bursting with native plants lead to a shared pool for residents to enjoy at their leisure. Private porches and gardens complete the ground floor apartments, while the luxurious penthouses enjoy their own solariums with magnificent views.

Prices on Mallorca are responding to the uptick in interest, with TINSA reporting a rise in values in Palma de Mallorca of 14.7% over the past year. Indeed, property values across the Balearic Islands have risen by 10.5% over the last 12 months, according to TINSA. This represents one of the best growth rates of any Spanish region.

The potential for capital gains at such rates is of course another draw for British buyers, but many of those who buy do so simply as a result of falling in love with the island. Winding, mountainous cycle routes, sparklingly fresh seafood, a wide range of water sports and stunning beaches that invite endless hours of relaxation are a winning combination.
TINSA reporting a rise

“Mallorca has something about it that captivates and charms. The island has long been a holiday hotspot for visitors from many countries, and remains a firm favourite with both German and British tourists.

Marc Pritchard

Marc Pritchard

“Those seeking holiday homes here are driving the market at a fast pace right now, with demand and prices increasing well ahead of Spain’s national average.” 

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Buyers looking for easy access to the beach will enjoy Cala Murada at Manacor, on the island’s eastern coast. Just 150 metres from the island’s powdery white sands, the impressive townhouses offer delightful sea views, with private gardens and terraces ensuring that owners can soak up the sun while gazing out to sea. Cala Murada is home to just four properties, with this exclusive, gated development providing high end homes in a tranquil oasis. Prices start at €399,000 + VAT.

Finance Digest is a quarterly Print and Online Publication providing in-depth coverage and analysis of the global financial community covering a wide range of topics from Business, Finance, Banking, Technology, Insurance, Investments, Lifestyle and more.

Copyright © 2015 - 2018. FinanceDigest.com All Rights Reserved.

To Top