Despite Eurozone Issues, Mallorca Property Sales Uptick 15% Over Last Year

Despite Eurozone Issues, Mallorca Property Sales Uptick 15% Over Last Year

Residential News » Residential Real Estate Edition | By Scott Kauffman | November 29, 2011 8:00 AM ET

(PORTO CRISTO, MALLORCA) -- Spain is experiencing far from a bullish economy these days but that's not the case in Mallorca. This treasured Balearic Island has maintained its stronghold as a highly desirable investment destination.

Case in point is Taylor Wimpey España's property sales rose by 15 percent both in September and year to date which certainly does not reflect the general mood in Spain. To be sure, property prices may have experienced some correction but prime residential developments have been in high demand.

One growing area is Porto Cristo - also known as "'The Port of Christ."  While some areas have been a victim of a mass tourism influx there are still towns and villages on Mallorca that have retained their soul and Porto Cristo is certainly one of them.

Located on the east coast of the island, Porto Cristo is not a long drive from the capital, Palma, and the international airport. The town dates back to 1250 AD when the Christians invading Mallorca found a fishing boat washed up on the beach containing a crucifix, hence the religious name.  Others say that an ox carrying a religious symbol stopped here and refused to go any further, leading people to believe this was a sign that Christ wanted to remain there.

Whether it was the oxen or the washed up fishing boat does not alter the fact that Porto Cristo is special.  Still maintaining its Spanish fishing village influences, this natural harbor is a safe haven from the occasional storm that rages through in the winter.

Strolling down to the harbor in late afternoon to watch the world go by and admire the fishing vessels or yachts in the harbor is one of Porto Cristo's favorite pastimes.

"I have never spoken to a prospective client that has not utterly loved Porto Cristo," says Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España. "It is exactly what people are looking for when they think of Spanish villages.  We are very fortunate to have a development just five minutes from this delightful town.  To be honest it makes our job of selling homes to investors so much easier.  We show them our beautiful development at Cala Magrana and then top off their trip with a glass of chilled beer in Porto Cristo - it would have anybody wanting to come back for more.

"The fabulous thing about the east side of Mallorca is the diversity it offers to our clients.  You can have a rip roaring night in Cala Millor but essentially this area is loved for its beautiful scenery, clean sea and very calm Mallorcan living."

Following the success of Cala Magrana, Taylor Wimpey España has launched a further phase comprising another 21 apartments.  All apartments have sea views and there is direct access to the sea, with Cala Anguila beach just 500 meters away. The residential complex is situated close to the sea and very close to golf courses and the marina of Porto Cristo.

The new apartments being built at Cala Magrana will comprise two bedrooms and feature traditional Mallorcan design surrounding a communal garden with swimming pool. Prices start from 220,000 Euros plus VAT or approximately USD $292,798.

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