Buyers looking to buy a property in Mallorca sometimes make the mistake of assuming the Mallorcan property market is the same as in the mainland of Spain, areas like Alicante, Marbella, Sotogrande where an oversupply of new developments habe been build in the past years. The downturn has not been as severe in Mallorca. Thanks to increasingly stringent planning regulations, strict local authorities and tight limits on population growth have all combined to keep supply down and demand high.

Since the latest announcement of the Spanish government about the reduction in the property gains tax made in Spain during purchases taken place during 2012, the demand of properties had increased considerably

Many from our international customers call Mallorca as the tranquil  island, or the Florida of Europe , the largest of the Balearic Islands is perhaps the most sophisticated, certainly the richest, and home to a cosmopolitan group of writers, philanthropists-and members of the international jetset-who have marked Mallorca’s position on the world’s art, literary and glamour maps. Light years away from the maddening sounds of the sun-sea-sand trio for which the island is famed, those ‘in the know’ dwell in rural villages scattered across Es Pla, the flat central plain, liberally sprinkled with almond, olive and carob trees, teased out of the clay-court red earth. And in houses perched, by feats of architectural genius, among the steep and winding valleys of the Tramuntana mountains, surrounded by citrus fruit groves and wild herb gardens.

Now in mid 2012  there is a strong demand for detached villas and penthouse apartments with a decent sea view, the most desired areas by buyers are still the north of Mallorca , where you have the most beautiful beaches of Formentor, Cala San Vicente or Puerto Pollensa and ideal location for families with children, and on the other side, Port Andratx and the Southwest are still strong demanded.

» Charming Country Retreat 20 Minutes from Palma City for 790.000 €

» Ultra modern beachfront penthouse with private pool – € 1.065.000

» Apartment with dramatic sea views in Illetes – Close to Palma- € 240.000

» Bargain in Mallorca – 5 Bedroom Villa urgent to sell – € 495.000