Spanish property market recovery is being led by the Balearic Islands, with foreign buyers providing the catalyst both in Mallorca and Ibiza. The Spanish Infrastructure Authority announced that more than 40 per cent of property purchases on the Islands in the second quarter of 2015 were made by overseas buyers. Figures from the Ministry of Development show that property transactions in the Balearics this year are up more than 30 percent over the same period in 2014, and increased by 13.9 per cent versus the first three months of the year.
Alejandra Vanoli, Managing Director of Mallorca Sotheby’s International Realty, says “This is great news for the property market in the Balearics, and certainly reflects what we are seeing in Mallorca. The figures represent the second best quarter of growth in the past five years, and overseas buyers are a hugely important part of the picture. They drive along the local market both in resales and new properties, and overseas transactions have provided much more liquidity in property in recent years.”
Debonair asked Sotheby’s to pick out some of the key properties they are marketing in Mallorca…
Port Andratx, Mallorca
One of Mallorca’s prime regions, Port Andratx, lies nestled on the southwest side of the island, just 30km or so from San Joan International Airport and the beautifully gothic capital La Palma. It’s an upmarket area, with no package holidays or even tour operators covering this affluent and beautiful corner with no fewer than six championship courses nearby. The coast here looks across to Sa Dragonera, a six-kilometre volcanic rock of an island that is a nature reserve (so named because it looks like a dragon’s back rising from the water). Daily boat trips out to the island make for a refreshing change, while Port Andratx itself is a charming village with a marina, a weekly street market and a small number of shops and restaurants, blissfully under-developed as other parts of the island are. The appeal here is peace and tranquillity with sufficient local amenities to meet all your needs.
High-spec villa with pool, Andratx
Highlights include sea views, master bedroom with en-suite and dressing room, guest suite, large terrace with Jacuzzi, infinity pool, both open and covered terraces, a chill-out area and a summer kitchen on the patio.
Four bedrooms, four bathrooms; built area 350m², plot size 2,374m²; 8.8 million euros; Mallorca Sotheby’s International Realty on (+34) 971 674 807, firstname.lastname@example.org or visit www.mallorca-sothebysrealty.com
Says Monika Baier, Director, Sotheby’s Port Andratx office: “I love the contemporary style of this villa, and the fact that its plot on La Mola is elevated to make the most of those breath-taking views of the sea and the nature reserve island of Sa Dragonera. The picture windows of the open-plan dining and living area bring the spectacular views inside the house, but undoubtedly the highlight of this exceptional property is the large outdoor area with covered and uncovered terraces — after all, we all live outside most of the year.”
Large finca with pool, Andratx
This is the classic ‘finca’ — essentially, in the farmhouse style. This estate is a few minutes’ walk from the marina so combines rural tranquillity with easy access to shops and restaurants. Open-pan kitchen a laundry room and a number of terraces complement the pool and lawned gardens in the English style, making it the perfect escape.
Four bedrooms, five bathrooms; built area 450m², plot size 25,000m²; 5.3 million euros; Sothebys, as above
Again, Monika Baier: “The charm and luxury of this Mediterranean-style property is a dream, as is the location close to the promenade of Port Andratx and the charming village of Andratx. The finca offers absolute privacy and a beautiful landscaped garden with palms, lawns and trees. A highlight is the outdoor area with various large terraces, a summer kitchen with outdoor BBQ and an impressive pool.”
This is for those who wish to discover the real Mallorca and become part of the island’s life. Porreres is a medium-sized town on the Mallorcan plain, around 5,000 residents (831 of whom are overseas buyers) and about 40km from the airport. It has a pedestrianized street running from the church to the town halls that has a lazy feel, making it the perfect spot to while away the hours watching the world and his wife go by. For older buyers who are looking for downtime…
Country estate with pool, Porreres
Again, this has the wow factor. On a huge plot of 35,000sq m, this sprawling estate offers privacy, nature and 360° views, including panoramic mountain vistas. Beautiful lawns and orchards of lemon, orange, almond and olive gives that “back to nature” feel. Says Alejandra Vanoli, Managing Director Mallorca Sotheby’s International Realty: “This is the perfect property for a lover of the countryside, and the fact that it is 100 per cent key-ready is another huge advantage. The vast plot and olive, almond and orange groves mean that you can go for a lovely walk without having to leave your property at all and, although there are 360-degree views from the house, it is very private and secluded. Peace and quiet guaranteed.”
Six bedrooms, six bathrooms; built area 537m², plot size 35,000m²; 3.8 million euros; Sothebys, as above
Palma de Mallorca
One of Spain’s most beautiful cities, it is known for its magnificent gothic cathedral and Old Town, in whose maze of narrow streets packed and bustling with shops, bars, cafes and restaurants, one can spend hours just meandering. Half the island’s population lives here, and it is sophisticated and upmarket. I often think of it as Barcelona in miniature, and like its Catalan big sister, it makes for perfect city breaks and short getaways.
Modern Palace Penthouse, Palma
If you are more the urban type and want something that offers buzz and chic living with easy access to the airport, this is for you. Its ultra-contemporary minimalist style means that, as well as being the perfect bolthole, it has huge potential for corporate and rental investment.
Six bedrooms, eight bathrooms; built area 630m²; 4.99 million euros; Mallorca Sotheby’s International Realty, (+34) 971 721 000, email@example.com or visit www.mallorca-sothebysrealty.com
Over to Alejandra Vanoli: “I love the versatility of this wonderful penthouse apartment in Palma — it could be a full-time family home, a weekend getaway, a great place to entertain business contacts or even a profitable investment. There is plenty of space for family living with spacious rooms and a rooftop swimming pool with stunning City views.
For the weekend traveller it is centrally located while business clients and potential rental guests will be impressed with the minimalist style, the shared on-site gym and sauna, and independent guest accommodation.”