Are the Majorcan Properties the most Expensives?

When it comes to choosing where to buy in Spain you'll find Mallorca property is relatively pricey compared with some areas such as Costa de la Luz and Costa Azahar. The Prices are higher for many reasons, the demand is higher that the offer are mostly the common reason, other factors like the beautyness of the coastline areas or close to Palma City make also the prices keeping elevated in Mallorca.

The good news is that the Balearics Islands including Mallorca, Menorca and Ibiza represents one of the best investment opportunities in Spain because it's one of the most popular holiday destinations so rental tariffs are higher here than anywhere else in the country, the “Island Holiday” attracts more than the typical mainland Holiday.

Before you set your heart on the Balearic Islands , consider the main purpose of your Spanish property purchase. If you intend to live permanently in the property you might be better off plumping for a less tourist-orientated area where you'll be able to buy a decent-sized villa with a pool and garden for the same price as a miniscule studio apartment on the Majorcan seafront. But if letting potential is a key factor in your purchase then the advice from seasoned owners in the holiday property industry is to go as upmarket as you can possibly afford and nowhere has better letting potential than Mallorca .

Adjust your rental prices according to the season and you'll find you can let your property practically every month of the year. Holiday homes in the region generate an annual return of up to 8% and property prices are continuing to rise although the increases are likely to be less dramatic in the foreseeable future than we've seen over the last 20 years.

In fact the area has proved one of the most lucrative property investments in the world over the last five years when many owners have made staggering gains of between 30-100% within 12 months of investing their money.

A popular way to invest in Mallorca is to buy into an "off-plan" project for sale , putting a down payment of say 20% on a property yet to be built. Many investors have then sold their "option to buy" at a substantial profit even before the property has been completed.

Balearic Properties is offering the best “off plan” developments in Mallorca where price/quality/location factors are essential. Please ask our salesteam for further informations.