If you’re thinking of moving and have decided t olive in one of the most desired neighborhood of Mallorca, you should know that in the same way you might decide if you want to live in Palma or in Paris. Not in vane, in this moment the payment is the same for the square meter in some properties in Santa Catalina that in the beter zones of the french capital, with a Price for square meter equivalent  to some of the most sought after districts of Paris.

Recent transactions carried out in the area, break records and put it at the same level of the exclusive neighborhood of Calatrava/Dalt Murada. A sign that prices in Mallorca are trading higher, the average value of homes purchased by foreigners in the islands is 303,951 euros, an amount that doubles the average payout made by not Spanish buyers in the whole of Spain, 157,498 euros.

The transformation of the old fishing district of Santa Catalina is an exemplification of a phenomenon that has been occurring in recent decades in many European cities known as “gentrification”. Consists in that traditionally popular neighborhoods become trendy, are rehabilitated and creates a confluence of former residents with new neighbors of middle and upper classes, mostly young. Santa Catalina is a typical working neighborhood that has become popular for its charm and simplicity. It attracts more and more foreigners and young Mallorcan, who have changed it into a gastronomic, cultural and artistic reference of Palma.

When Santa Catalina becomes known as the Soho of Palma? Nobody can say when is the exact moment, at the end of the twentieth century it was gradually filled with bars and restaurants. Although an event that marked the course of the neighborhood was the opening in 2009 in San Magin, of the Monocle store, a direct descendant of the magazine of the influential Tyler Brule, previously creator of Wallpaper.

The Monocle magazine is an international icon, offers an overview of international issues, business, culture and design. Based in London and offices in Tokyo, Sydney, Zurich and New York. The magazine became a brand with shops, its first store is located in London, the second store in Los Angeles and the third was the seasonal store in Santa Catalina.

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