CONTENTS: INTRODUCTION - ESTEPONA, COSTA DEL SOL - MARBELLA, COSTA DEL SOL - FUENGIROLA, COSTA DEL SOL - MIJAS - BENALMADENA - TORREMOLINOS, COSTA DEL SOL - MALAGA, COSTA DEL SOL - NERJA, COSTA DEL SOL - BARCELONA, COSTA BRAVA - BLANES, COSTA BRAVA - LLORET DE MAR, COSTA BRAVA - TOSSA DE MAR, COSTA BRAVA - ALMERIA, COSTA DE ALMERIA - ROQUETAS DE MAR, COSTA DE ALMERIA - SALOU, COSTA DORADA - MIAMI PLAYA, COSTA DORADA - CADIZ, COSTA DE LA LUZ - ISLANTILLA, COSTA DE LA LUZ - A CORUNA, GALICIA - SANTANDER, CANTABRIA - SAN SEBASTIAN, BASQUE COUNTRY - JAVEA, COSTA BLANCA - GANDIA, COSTA BLANCA - BENIDORM, COSTA BLANCA - ALICANTE, COSTA BLANCA - TORREVIEJA, COSTA BLANCA - LA MANGA, COSTA BLANCA - ORIHUELA COSTA, COSTA BLANCA - PALMA, MAJORCA - MAGALUF, MAJORCA - ALCUDIA, MAJORCA - MAHON, MENORCA - LOS DELFINES, MENORCA - IBIZA TOWN, IBIZA - SAN ANTONIO, IBIZA - PLAYA D’EN BOSSA, IBIZA - PLAYA DE LAS AMERICAS, TENERIFE - PUERTO DE LA CRUZ, TENERIFE - LOS GIGANTES, TENERIFE - LOS CRISTIANOS, TENERIFE - COSTA DEL SILENCIO, TENERIFE - CALETA DE FUSTE, FUERTEVENTURA - LAS PALMAS, GRAN CANARIA - PLAYA DEL INGLES, GRAN CANARIA - PUERTO DEL CARMEN, LANZAROTE - PLAYA BLANCA, LANZAROTE - LA PALMA, CANARY ISLANDS - LA GOMERA, CANARY ISLANDS - GRANADA, ANDALUSIA - VALENCIA -
| Area: | MAGALUF, MAJORCA | |||||||||||||||||||||
| Investor Profile: | Retirement, Worker, Holiday, Business | |||||||||||||||||||||
| Category: | A | |||||||||||||||||||||
| Population:
| Total | British | ||||||||||||||||||||
| 4800 | 500 | |||||||||||||||||||||
| Climate: | Hours of Sunshine Per Day in Summer | Days of Rain Per Year | Average Spring Air Temp. | Average Summer Air Temp. | Average Autumn Air Temp. | Average Winter Air Temp. | Average Water Temp. | |||||||||||||||
| 11 | 65 | 19 | 24 | 21 | 15 | 17 | ||||||||||||||||
| Proximity to: | Airport | Beach | Nearest City | |||||||||||||||||||
| 11 miles (Palma) | 0.25 miles | 11 miles (Palma) | ||||||||||||||||||||
| Educational facilities: | No. of Universities | No. of International Schools | No. of Private Schools | |||||||||||||||||||
| 0 | 0 | 1 | ||||||||||||||||||||
| Health services: | No. of Public Hospitals | No. of Private Hospitals | No. of Private Clinics | |||||||||||||||||||
| 0 | 0 | 1 | ||||||||||||||||||||
| Shopping: | No. of Shopping Centres | No. of Markets | ||||||||||||||||||||
| 0 | 0 | |||||||||||||||||||||
| Restaurants and bars: | Predominantly fast food restaurants. | |||||||||||||||||||||
| Sports and leisure facilities: | Watersports. Marineland theme park with dolphin shows, Wild West theme park, Pirate adventure centre. Western Park and Aquacity water-parks open during Summer. Attraction Catamaran- 3 hour boat journey. Choice of nightclubs. | |||||||||||||||||||||
| Transport: | Public Transport | Roads | ||||||||||||||||||||
| Restricted. | C-713 from Palma, then exit at Palmanova or along 719 to Palmanova roundabout. | |||||||||||||||||||||
| Crime rate: | High | |||||||||||||||||||||
| Main types of employment | Mostly service sector. | |||||||||||||||||||||
| Future plans: | Restricted. | |||||||||||||||||||||
| Yield range | 14.7% - 17.2% | |||||||||||||||||||||
| Type of property | Entry Price | Rent- School Holiday Peak | Rent- Peak | Rent- Off Peak | Average Annual Yield | |||||||||||||||||
| 2 bed apartment | 150250 | 1136 | 909 | 545 | 17.2% | |||||||||||||||||
| 3 bed apartment | 187813 | 1363 | 1091 | 654 | 16.5% | |||||||||||||||||
| 3 bed townhouse | 281719 | 1818 | 1454 | 872 | 14.7% | |||||||||||||||||
| Villa | 330550 | 2386 | 1908 | 1145 | 16.5% | |||||||||||||||||
| Demand for letting | School Holiday Peak | Peak | Off peak | |||||||||||||||||||
| High | High | Medium | ||||||||||||||||||||
| Finance and leisure scores: | Total (out of 10) | Financial (out of 5) | Leisure (out of 5) | |||||||||||||||||||
| 9 | 4 | 5 | ||||||||||||||||||||
| Flights scheduled from: | Gatwick, Luton, Stansted, Norwich, Southampton, Bournemouth, Exeter, Bristol, Cardiff, Birmingham, East Midlands, Manchester, Liverpool, Leeds/Bradford, Humberside, Teesside, Newcastle, Glasgow, Glasgow Prestwick, Edinburgh and Aberdeen. | |||||||||||||||||||||
| Typical cost of flights: | School Holiday Peak | Peak | Off Peak | |||||||||||||||||||
| £115-470 | £85-348 | £64-261 | ||||||||||||||||||||
| Operators: | Air Europa, BMI, Iberia, BA, Air-Berlin, Easyjet, My Travel, Futura, Thomas Cook, Excel Airways, Britannia Airways, Monarch, Air Europa, Air2000, Flyjet | |||||||||||||||||||||
| Description: | Situated on the eastern side of the bay of Palma, Magaluf is a well-developed tourist resort with many high-rise hotels and apartments. It is especially popular with the 18-30 age group. It is a lively city and a noisy one! Crime rates are high but its not serious crime, just petty theft, so be sure to go for a site with CCTV or 24 hour security guards. Rental rates are high due to the demand for accommodation in this area. Your likely tenants are going to groups of young people but they do pay handsomely. This far outweighs the risk of taking these type of tenants on as any potential damage will be deducted from their sizeable deposit handed over at the point of booking your property. These yields will not last forever! Property prices will rise so get in early. Magaluf is here to stay so acquiring a property here, in the long term, is of relatively low financial risk. You can easily get flights to this area so it will always appeal to the package holidaymaker. | |||||||||||||||||||||
| Hot Website: | http://www.mallorcaweb.com/eng/index.html | |||||||||||||||||||||
| Estate Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| The Sun of Majorca | Calle Andratx 32 local 4, 07015 Portals Nous, Mallorca | Tel: 0034 9 71 70 65 70 Fax: 0034 9 71 70 65 65 | Not disclosed | |||||||||||||||||||
| Interealty Balearics | Plaza Santa Ponsa, 4 Local 1 en E-07180, Santa Ponsa, Mallorca | Tel: 0034 971 699 545 Fax: 0034 971 699 556 | www.interealty-mallorca.com. | |||||||||||||||||||
| Roberto Jaime Gourlay | Apartado 1423, Palma De Mallorca | tel: 0034 971681873 fax: 0034 971680320 | website: http://www.mallorca-real-estate email: robertog@ocea.es.com/ | |||||||||||||||||||
| Sea Green | Cala Bona Palma de Mallorca | tel: 0034 49 178 43 92 123 | website: http://www.mallorca-penthouse.de email: peter@kerler.de | |||||||||||||||||||
| Letting Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| Interealty Balearics | Plaza Santa Ponsa, 4 Local 1 en E-07180, Santa Ponsa, Mallorca | Tel: 0034 971 699 545 Fax: 0034 971 699 556 | www.interealty-mallorca.com. | |||||||||||||||||||
| EUROPA INMOBILIARIA | ANTONI MARIA ALCOVER Nº 47 PALMA | tel: 0034 971676787 fax: 0034 971676567 | website: http://www.europa-inmobiliaria. email: europa@europa-inmobiliaria.comcom | |||||||||||||||||||
| ARKO INMOBILIARIO | Avda. Son Rapinya, nº 8 1º C Palma de Mallorca | tel: 0034 619226688 /971453689 fax: 0034 971457900 | email: arcoinmobiliario@hotmail.com | |||||||||||||||||||