The Latest Spanish Property News from Kyero.com
March 7th, 2008
Earlier this month easyJet announced a new flight to Palma, the capital of Mallorca, from East Midlands airport three times a week.
This is in addition to its other flights serving the island from Belfast, Bristol, Edinburgh, Glasgow, Liverpool, London Gatwick, London Luton, London Stansted, and Newcastle, making Mallorca accessible from pretty much anywhere in the UK, for a reasonable price.
With low-cost operators BMI Baby and Monarch also flying to the island, it has already witnessed an increase in visitors which is now set to continue further.
The extra flights have also lead to more people from the UK buying property on the island, either as a holiday home, which is easily accessible from the UK, or for letting out to holidaymakers.
Despite the anxiety surrounding other parts of Spain at the moment Mallorca is still a very safe investment. Property prices are pretty much guaranteed to remain steady due to the fact there is limited land available for new construction, so any existing properties on the island will be in high demand.
Mallorca is one of the most expensive places to buy in the Iberian peninsula but with 300 days of sunshine every year, 23 golf courses, 25 marinas, as well as some of the most stunning scenery in Europe, it is money well spent.
The rise in prices on the island does not seem to have put off British investors. According to an article in the Daily Telegraph, 11,000 now own a holiday home in Mallorca, or are based on the island.
New roads in the north have now made small mountain villages more easily accessible and the coast benefits from natural harbours.
It is not surprising then that Mallorca has also attracted quite a few celebrities, with Catherine Zeta Jones and Michael Douglas owning a holiday home in the village of Deia. Andrew Lloyd Webber, Boris Becker, and Claudia Schiffer, are also on the star-studded list of those who have homes on the island.
Anyone owning a property close to the sea can certainly celebrate. Mallorca has had a ban on any development within 25 metres of the coast for several years now. Therefore, anyone owning a beachfront property knows they have something unique and when any do go on sale they command very high prices.
Full story from www.homesworldwide.co.uk
Is any property below €50,000 a cheap Spanish property? Are cheap Spanish properties only to be found at auction or as bank repossessions? How much below market value does a Spanish property need to be to be considered cheap?
Continue reading: What IS cheap Spanish property?
