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5 things to know about buying property in Mallorca

5 things to know about buying property in Mallorca

5 of 5 5/5
Port Andratx and villas of Cap de sa Mola

It's an up and coming destination

Palma, a rising star in the art world, is a vibrant cultural hub all year around – unlike Ibiza, it doesn’t hibernate. In addition to hosting the Galería Pelaires, the oldest running gallery in Spain, the rustic streets also wend between extraordinary historical sites, such as the monumental 13th century Palma Cathedral and the Bellver Castle. However, tucked in between the ancient stone walls of the city are a growing number of contemporary establishments with a keen focus on luxury and perserving the sophisticated side of Mallorca.

“We have more boutique hotels opening up and the gastronomy world is getting much bigger – we now have 10 Michelin Starred restaurants in Mallorca,” says Jensen. “All of these factors are making Mallorca more attractive for the people who would be interested in buying luxury properties. Maybe five to seven years ago there wouldn’t have been as many options as there are now.”

“I think the reason a lot of top end people are attracted is because of the experiences that they’ve had in the last 5-10 years,” says Paul Kempe, licence owner of Mallorca, Ibiza, Menorca and Formentera SIR. “The island has really upped its game so, in terms of the quality of the island, it’s of a comparable level to the best in Europe. Whether it’s food, construction, lifestyle opportunities or beach clubs, everything has risen exponentially and that’s why people are so keen to come here.”

Port Andratx specifically, holds a unique draw for those seeking privacy, luxury and a precise level of service and amenities. Still a working fishing harbour, it has retained its Mediterranean charisma. “Here in Port Andratx they try to retain the charm and the local culture, but mixed with the international hub,” says Jensen. “This is what many people like, that it’s not a place where you need to go to show off, you enjoy privacy up in your villa and then in five minutes you’re down at a nice restaurant on the promenade watching the sunset in the evening.”

The sealine property in Port Andratx is listed for sale with Mallorca Sotheby's International Realty for €25,000,000, mallorca-sothebysrealty.com

Picture courtesy of Shutterstock.com / Andrei Bortnikau

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