Palma de Mallorca named 'best place to live'
Fiona Govan · 23 Mar 2015, 16:34
Published: 23 Mar 2015 16:34 GMT+01:00
- Euro property bargains up for grabs in Spain (20 Feb 15)
- House sales up for first year since crisis began (10 Feb 15)
Long a favourite of the Spain’s royal family who decamp to the Marivent palace there each summer the last decades have seen it transform from faded fishing harbour to hip urban destination with a bustling marina and some of the best dining in the Balearics.
An easily walkable city just a short drive from beautiful Mediterranean beaches, Palma de Mallorca is just a short hop away on a budget airline from most northern European destinations.
It is increasingly becoming a favourite as a "commuter destination".
A panel of judges for the Sunday Times supplement choose it as their overall favourite out of fifty worldwide destinations. It was described as "a pocket-sized ciy that has it all, on a beautiful island".
If you thought Majorca was all about Magaluf and Arenal then think again.
When it comes to property, expect to pay extra for a Palma property with an added mark-up for a sea view.
"Properties in the Palma area are around one-third above the island average of €3,856.00/m²," said a recent report from the STI Center for Real Estate Studies, which has examined and analysed the local real estate market on behalf of the real estate broker Porta Mallorquina.