You’re moving to Mallorca. First things first: congratulations! This is a life-changing decision and we must say you chose one of the best places to live. And this is not something we made up due to our unconditional love for Mallorca. No, this is something that has been stated. In 2017 Palma de Mallorca was voted as ‘the best place to live in the world’ by the Financial Times and it also sits in the top 3 of Condé Nast Magazine’s surveys.
This is why, today, we want to give you our expert advice on where to live when moving to Mallorca.
Best areas to live in Mallorca
Mallorca always in demand. The expansion of the tourism economy and the rise in the economic power of the Balearic Islands have positioned the per-capital income of Balearic residents among the highest in Spain. The strong economy has impacted positively on the property market. And approximately 40% of buyers are foreign.
Knowing this, you are already secure in terms of investment, as buying a property on the island is, in fact, good business. Now you just have to choose the area of the island that adapts to your standards and needs.
Palma de Mallorca, the cosmopolitan city you’ll fall in love with
A hot spot for property investors and a wonderful place for year-round living. The real estate market in Palma actually doubled to more than one billion euros between 2014 and 2019 and attracts a large number of buyers from Germany, Scandinavia, the UK and the Spanish mainland. Palma is a perfect fit for all groups of buyers: families, couples or business people. There is something for everyone in Palma.
There are two areas of Palma we would like to highlight for year-round living: Palma’s Old Town and Son Vida.
Palma’s Old Town, high-end properties in a smart location
One of Palma’s most exclusive areas, its Old Town and Calatrava districts attract hundreds of buyers with its ancient architecture, rich history and culture, an easy-going and international community, a short drive from the airport and stunning properties for sale. High-quality construction projects, elegant penthouses, cozy recently refurbished apartments and large apartments with sea views are available at a price. If you’re all about reaching all of Palma’s hot spots in walking distance, enjoy a nice walk through Palma’s cobbled streets and like to be close to great shops, restaurants, cafés and boutiques, Palma’s Old Town is definitely your perfect match.
Palma - Paseo Borne
Son Vida, the most exclusive residential area in Palma
Son Vida’s main appeal is its first-class infrastructure: an international school, three golf courses, top hotels and restaurants and its proximity to the city and privacy make it the most exclusive district in Palma. With an astonishing mix of traditional and modern high-end properties and luxury villas, the number of property transactions has almost doubled in the last five years. The community is mainly international, as main buyers are German, British and Swiss followed by French and Scandinavian. If you’re looking for a family home with tons of space, a smart design and value your privacy, Son Vida is the neighborhood in Palma you should be looking at.
Palma Surroundings - Son Vida
Mallorca’s Southwest, Majorcan charm at its best
Mallorca’s Southwest offers the backdrop of the magnificent Tramuntana mountains, beautiful coves and charming ports and little towns to settle down. If you’re looking to buy a property in an area with that unique Mediterranean charm of being located by the sea, but still want to be close to Palma, we would definitely suggest places like Bendinat, Santa Ponsa, Puerto de Andratx or Puerto Portals. This is an area where different types of buyers can find what they’re looking for. Families love it due to its tranquil atmosphere, the existence of international schools and the proximity to the capital city. Couples really enjoy it due to the wonderful gastronomic scene in the area, the dreamy sea location and modern new-build projects to be found and investors find great opportunity in both, new-build condos with sea views and existing properties to be renovated or sold directly. On top of the advantages of this location, Mallorca’s Southwest has proven to continue its excellent investment destination status, as the number of sales has risen by around 50% in the past years, attracting mainly German buyers,
followed by Britain, Spain and Switzerland.
Mallorca Southwest - Puerto Portals
Mallorca Central, traditional Mallorca and great infrastructure
If you’re looking for a modern finca with a traditional Majorcan exterior, the central region of Mallorca could be the perfect fit for you. High-quality properties, a varied landscape and a panoramic view of the Serra de Tramuntana is the package offered by the central region of Mallorca when it comes down to year-round living. Santa María, Sineu, Alaró and many other towns could be perfect for buyers wanting to experience that authentic charm. Mallorca’s central region also gets additional points for its proximity to Palma, making it perfect for families with children, middle-age couples or anyone seeking a holiday home on the island. Its market figures show that the volume of properties and the number of transactions have increased over the past five years.
Mallorca Central - Alaró
If you’re ready to move to Mallorca and buy a property in any of the areas mentioned above, we are more than happy to help. We’re the real estate experts in Mallorca and will guide you through the process step by step.
