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: | PALMA, MAJORCA | |||||||||||||||||||||
| Investor Profile: | Retirement, Worker, Holiday, Business | |||||||||||||||||||||
| Category: | A | |||||||||||||||||||||
| Population:
| Total | British | ||||||||||||||||||||
| 320,000 | 50,000 | |||||||||||||||||||||
| 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 | 29 | 22 | 14.5 | 17 | ||||||||||||||||
| Proximity to: | Airport | Beach | Nearest City | |||||||||||||||||||
| 7 miles (Palma) | 0.25 miles | Palma | ||||||||||||||||||||
| Educational facilities: | No. of Universities | No. of International Schools | No. of Private Schools | |||||||||||||||||||
| 1 | 4 | 12 | ||||||||||||||||||||
| Health services: | No. of Public Hospitals | No. of Private Hospitals | No. of Private Clinics | |||||||||||||||||||
| 1 | 3 | 4 | ||||||||||||||||||||
| Shopping: | No. of Shopping Centres | No. of Markets | ||||||||||||||||||||
| 3 | 5 | |||||||||||||||||||||
| Restaurants and bars: | Palma and Portal Nous have lots of highly reputable restaurants and bars. A variety of cuisine is available, including local food (mainly seafood, pork and rice). | |||||||||||||||||||||
| Sports and leisure facilities: | Prestigious yacht club. Nightlife at Portal Nous. Cinema showing weekly English-language films. Classical concerts, plays and ballets performed all year round. Annual Chopin festival. | |||||||||||||||||||||
| Transport: | Public Transport | Roads | ||||||||||||||||||||
| Bus service with 22 routes in & around Palma all stopping at Plaza Españato. Trains to Inca and Soller. | Main road links from Port de Soller, Port d’Antratx and Manacor. C-713 from Port de Pollenca and Port d’Alcudia. | |||||||||||||||||||||
| Crime rate: | High | |||||||||||||||||||||
| Main types of employment | Mostly service sector. Many foreign companies also based in Palma. | |||||||||||||||||||||
| Future plans: | Very restricted as already very developed. | |||||||||||||||||||||
| Yield range | 28.8% - 33.8% | |||||||||||||||||||||
| Type of property | Entry Price | Rent- School Holiday Peak | Rent- Peak | Rent- Off Peak | Average Annual Yield | |||||||||||||||||
| 2 bed apartment | 108000 | 1600 | 1280 | 768 | 33.8% | |||||||||||||||||
| 3 bed apartment | 135000 | 1920 | 1536 | 922 | 32.4% | |||||||||||||||||
| 3 bed townhouse | 202500 | 2560 | 2048 | 1229 | 28.8% | |||||||||||||||||
| Villa | 237600 | 3360 | 2688 | 1613 | 32.2% | |||||||||||||||||
| Demand for letting | School Holiday Peak | Peak | Off peak | |||||||||||||||||||
| High | High | High | ||||||||||||||||||||
| Finance and leisure scores: | Total (out of 10) | Financial (out of 5) | Leisure (out of 5) | |||||||||||||||||||
| 10 | 5 | 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, 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: | Palma is the capital city of Majorca- the largest island of the Balearics situated 93 miles off the east coast of mainland Spain. Palma is located on the coast within the Bay of Palma and over half of the island’s population are believed to live there. The city is lively, cosmopolitan and English is widely spoken. Sights to see include the Royal Palace (La Almudaina), a Gothic castle (Castillo de Bellver) and a limestone cathedral (la Seo). The cost of living is high but this also assumes a higher quality of life. This is bourne out by the high rental values which have led to the astronomical yields possible. Don’t think these yields will last forever. Preices will correct which will bring down these yields by around half, so don’t hang about – buy while its cheap! Unemployment rates are low and therefore job prospects are good. So if you’re thinking of moving over for good and you happily tend to the services industry then you’ll never be short of a job. Prospects are also good for the professional sector as there haqs been a trend towards these type of companies locating their Spainish branch here. | |||||||||||||||||||||
| Hot Website: | http://www.mallorcaweb.com/eng/index.html | |||||||||||||||||||||
| Estate Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| David Russell-Pedro Mesquida | Paseo Maritimo 12, 07014 Palma de Mallorca, Mallorca | Tel: 0034 9 71 73 40 73 Fax: 0034 9 71 45 15 65 | Not disclosed | |||||||||||||||||||
| Taylor-Woodrow de Espana, S.A. | Calle Aragon 223-223 A, 07008 Palma de Mallorca, Mallorca | Tel: 0034 9 71 70 65 70 Fax: 0034 9 71 70 65 65 | Not disclosed | |||||||||||||||||||
| 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 | Not disclosed | website: http://www.mallorca-penthouse.de email: peter@kerler.de | |||||||||||||||||||
| Letting Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| 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 | |||||||||||||||||||