Property Investments In Palma!
Welcome to one of the most exciting property markets in Europe today. Buying in a property in Palma offers some of the best investment potential in Europe.
The last few years have seen a significant change to way Palma is seen as a property investment prospect. Palma's underlying economic, cultural heritage, mild weather and infrastructure combine to make this sophisticated Mediterranean city a compelling home for property investment. Palma has rich history and ancient old town. But it now also offers a wide range of restaurants cafes, bars, boutique hotels, museums and art galleries. Millions of Euros have over the last few years been spent on the city making it now a cosmopolitan, beautiful and exciting place to visit or live.
The International Airport at Palma and the growth of low cost carriers has had a fundamental impact on property prices in Palma. Many clients now commute to Palma for the weekend and enjoy chilled, sophisticated living. The majority of property in the city is made up of apartments with lofts and penthouses being especially sought after. Buildings with "character" are very popular.
There is evidence to suggest that around British purchasers account for 30% of the market, followed by Spanish, German and Scandinavian investors.
The rental market is strong in Palma with demand mainly for apartments and townhouses. Unlike many parts of mainland Spain the rental market in the city of Palma is all year round.
The outskirts of Palma form a different but equally appealing market. Most of the key areas are within 15 minutes of Palma centre but are often blessed with beautiful views over the bay. Access is easy to all of the main highways of the island. The market is concentrated on villas, town houses and chalets. The main buyers are Spanish, German and British.
We have extensive property listings both in Palma city and the outskirts. Please take a moment to view our Palma city properties by clicking here.
If however you are looking for something on the outskirts of Palma click here.