First Mallorca - The Best Name in Real Estate
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News & Articles
It was a week to remember for 30 staff members of First Mallorca who travelled to Thailand to celebrate the New Year, a complimentary holiday offered by the company ...
 
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Several hundred guests attended the First Mallorca Autumn/Winter brochure launch and the official opening of a new First Mallorca venture “ApartmentBörse”, in Puerto Andratx on the 28th of September ...
 
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At the tender age of four, knowing the difference between red and white is something we all learn at school. When speaking of the fermented kind, ...
 
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When talking of what best to accompany a morning coffee, nothing surpasses the ensaïmada. This traditional spiral shaped breakfast pastry ...
 
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At the end of the road where impregnable mountains meet the sea less than 10 minutes west of Puerto Andratx, is San Telmo, Sant Elm in Catalan ...
 
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Comments on Mallorca's Real Estate Market
 
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Puerto Portals Marina, on the south coast of Mallorca and just west of Palma, was inaugurated in 1986 and is regarded Mallorca's most fashionable marina ...
 
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The city of Palma is Mallorca’s centre of business, culture, and politics, but beyond the vibrancy and modernism ...
 
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A trip to Bangkok over New Year, travels for the best sales persons: First Mallorca increases its volume in sales.
 
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An interview with Robert Maunder - Managing Director of First Mallorca
 
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Comments on Mallorca's Real Estate Market

Mainland Spain is a geographical area of many variations but none of its land mass compares to the Balearic Islands atmosphere, in particular Mallorca,  the same applies to the island's real estate market. sea views from beachSince 2006 the property market on the Mainland of Spain has experienced a slow down in property transactions, whereas Mallorca had its best year ever. It should be explained that these two real estate products for the overseas buyer cannot be placed in the same basket.  Mallorca is an individual product, no mass market developments and over-building, hard sales with cheap inspection flights, property fairs or television advertising. Mallorca is more an island for individuals and island lovers who place location and the immediate environment at the top of their list.  Mallorca is also an island of seasonable contrasts and approximately four fifths of its land mass is uninhabited, the majority of these areas are unlikely to ever change.  

The mountainous region running the whole length from north to south of the beautiful west coast is well able to defy any attempt by man to infiltrate it.  
 
palma old city center There are of course many people who are just drawn to islands and Mallorca is blessed with a great choice of boating marinas and natural harbours, some tiny and quite hidden. The port of Palma is the largest and is a regular port of call for cruise lines, regattas and several daily ferry services to mainland Spain and the Balearic Islands such as Ibiza, Formentera and Menorca. It would be a very energetic driver indeed that manages to travel around Mallorca's coast in one day. To really explore the coastline, the mountain villages, pretty harbours and delightful coves, reserve a few years. Mallorca is a totally different animal to Mainland Spain, so too is the demand for its real estate product from the many countries to its north.
 
During 2007 the market for apartments, villas and country properties has been very active and buyers for quality apartments are prepared to pay big prices in the south-west of Mallorca. It is not unusual for a top quality 3 bedroom penthouse to sell for over 1.5m Euros. If you are offering a quality property in a good sea view location - it is greeted by a brisk demand. The same applies to properties alongside the attractive environments of golf courses and if you have a property front line to the sea - there will be a waiting list.
 
Robert Maunder / FIRST MALLORCA 
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