Majorca House Prices

Spain is the favourite overseas destination for Brits who are looking for a second home overseas, and one of the most popular Spanish locations is Majorca.  

The Spanish island which is part of the Balearic Islands also seems to be a good place for steady house prices.  

Majorca (Spanish and Catalan: Mallorca) in the Mediterranean Sea and sisters with the Spanish islands, of Ibiza and Menorca are south of Barcelona and east of Valencia. The island of Majorca, with the capital city of Palma de Mallorca, is the most popular and well known, but the other islands offer quite a bit to the international investor and property seeker as well.

Sun and more sun is the major draw here – about 300 days a year of it. A recent article in the International Herald Tribune newspaper (www.iht.com) hails Majorca as the Island in the Sun. The southern coast of Majorca is the best place to get the most sun and warm days, while Ibiza has become well known for its jet set and celebrity crowd. If you are looking for a little more variety, inland Majorca has a lot to offer as well.

Majorca real estate has, like throughout much of Spain, increased substantially in the past few years. According the IHT article, property values increased over 200% for a recent six years period. And, while the values in the rest of Spain are likely to cool down in appreciation, Majorca should continue to be a bright spot for investors.

For those wondering about the ease of getting to these islands, there shouldn’t be any problem. Palma has an international airport with plenty of daily flights, making it easy to get to. If you would like to bring your car, there is also ferry service to all three islands from Barcelona, which is about a four hour trip. There are three ferry operators so there are plenty of options to get here and enjoy a second home.