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Why do foreigners buy properties in Mallorca?
May 07, 2021

Why do foreigners buy properties in Mallorca?

Mallorca is the land of sun, mild temperaturas, impressive cliffs and views of the Mediterranean that dreams are made of. The beauty of the island is immense and its many attractions are the reason why so many foreigners buy properties in Mallorca and choose this piece of paradise for a second residence.

The sea is one of the main attractions for foreign buyers and, according to information from Idealista Data, British, Germans, French and Amercians are the most frequent viewers of properties for sale or for rental in coastal areas although Germans are the keenest to actually buy a property in the Balearic Islands.

In fact, there are many Germans who use their holidays on the islands to make an appointment with an estate agency such as Pollentia Properties with a view to buying a property. Pollentia Properties is based in Pollensa and has a large selection of properties in Mallorca.

Balearics, the favourite place for foreigners

The Balearic Islands was the most important market for buying and selling properties by foreigners during 2020 in Spain, according to the study Radiografía del mercado de vivienda 2020 de un año de pandemia.

The analysis, carried out by the Colegio de Registradores de la Propiedad, Mercantiles y Bienes Inmuebles de España also revealed that for 7% of the total number of properties purchased by foreigners in Spain 500.000 euros or over were paid. 

Reasons for buying a property in Mallorca

In 2015 the Bristish newspaper The Times chose Palma as the best place in the world to live. Even though there are many good reasons for buying a property in the Balearics we are going to focus on the most powerful for foreigners:

Climate

Mallorca has more than 300 days of sun every year and has a Mediterranean climate which means mild winters and hot summers. The climate of the island attracts people who wish to avoid the cold weather and to buy a holiday home in order to enjoy great weather at any time during the year.

The warm weather is fantastic for outdoor sports activities, excursions and having a drink on the terrace of a bar or restaurant while soaking up the beneficial rays of the sun.

Beaches

The beaches in Mallorca are postcard pretty thanks to their turquoise blue water and silver sand. Both residents and visitors love places such as Caló des Moro, a small cove in the area of Santanyí, Es Trenc, in Campos, ideal for long walks along its almost three kilometres and Cala Torta, an unspoilt area in Artá surrounded by small cliffs.

Seaviews

Many foreigners who buy properties on the island opt for luxury houses for sale in Mallorca, situated on the seafront. Ther is nothing better than buying a property of this type to start the day looking out over the Mediterranean from the terrace and feeling the invigorating sea breeze on your skin.

Flight connections

The international airport of Son Sant Joan, just a few minutes drive from Palma, has direct flight connections with the great majority of European capital cities. Thanks to this, people who reside in countries such as Germany, United Kingdom or France, for example, are able to reach the island in under three hours on direct flights.

Essence of the medieval period

When The Times newspaper named Palma as the best city in the world to live in, they emphasized, among other aspects, the wonderful state of conservation of the historic centre of the city, an area that reflects the essence of the medieval period in its narrow cobbled streets.

They also single out the emblematic Palma Cathedral, a gothic style building from the 13th century with its amazing rosette, considered the biggest in the world in gothic architecture and which attracts the attention of visitors to the island as does the wonderful seafront location of this monument.

Pollentia Properties, the ideal estate agency to buy a property in Mallorca

In spite of the mobility restrictions that have been part of our lives during the last few months, Pollentia Properties have made the best possible use of technology to help our clients to acquire the property of their dreams without having to actually come to the island.

Through our “Virtual Tour” service, many of our foreign clients have been able to buy a house in Mallorca thanks to 3D Matterport technology which permits 360º panoramic viewings of the interior and exterior of properties on our books from any part of the world.

Discover our selection of villas, country homes, apartments and luxury houses from wherever you are and let our team of real estate experts help you to find your ideal property in Mallorca.

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