Mallorca Property: trends points to rural areas being focus for buyers. 14th July 2007

Smaller and more affordable traditional country, town and village houses are set to become a focus for buyers looking for second homes and investment-seekers in Mallorca.

Traditionally the most dynamic sector in the Mallorca property market has been holiday apartments, general 2 or 3 beds in complexes with pools and right on the coast. Whilst we are predicting the market for these properties will remain strong, Mallorca Property Partners prediction is that over the next few years small and mid-sized country properties, and old village and townhouses will become increasingly sought-after.

Overall there is no sign of the foreign investors drying up as some statistics claim more than 700,000 Europeans are currently thinking about buying a second home somewhere in the south Mediterranean region. Mallorca remains one of the prime and sough-after destinations due to is its landscape, climate, excellent connections, and the fact that there is no scope for over-development as we have seen in other Mediterranean destinations. In addition, many Spanish nationals are buying second homes on Mallorca, and demand from the UK continues to increase.

Within this there are an increasing number of people who are recognizing the potential of more rural settings both as holiday homes, and as property investments. The reality is that no-where on Mallorca is more than half an hour or so from the coast, and moving inland a little broadens the options with more old and traditional properties at an affordable price level. Mallorcan towns such as Pollensa are already popular, and set to become more-so. Parts of the North East, South East and South coasts are also predicted to be up-and-coming areas.