Mallorca Property Special Report on the Investment Hot Spot in Southwest Mallorca
Writen by Sebastiaan Kemna
Mallorca property prices in the South West are set to boom: There have been rumours for some time that there were plans to expand the Adriano Marina (and some did have inside knowledge that this was so) however, until now, nobody had been able to confirm the details as confirmation of the project had not been made publicly available.
Starting in last Friday’s edition of our trusty local paper, the Majorca Daily Bulletin, we at last have concrete details of the extension to Port Adriano, the Marina of El Toro - and the word is WOW! We had had varying reports on the size of the extension, but what has now been approved by both the Local Council and the Balearic Central Government will turn Port Adriano into one of the best Marinas in the Mediterranean basin - why? Because throughout the Med, the demand for moorings for the Millionaires’ Superyachts is at an all time high - and Port Adriano is to have moorings for Superyachts of up to 200ft.
And as any savvy investor knows, one thing’s for sure - money attracts money, and the influx of wealth into the area will mean that the property prices in El Toro, Nova Santa Ponsa and arguably Santa Ponsa will skyrocket - and the proof of this is what is proving a bit of a negative on the Real Estate listings side - many equally savvy vendors have, in the last couple of weeks, removed their properties from the market, and just on the rumour that the Marina project was about to be announced publicly. They know that the property prices will soar, they don’t need to sell - so why not wait? (Local experts in the Real Estate sector are predicting up to 20% increase in property values within the next 2 years).
Further evidence can be seen just down the coast. Those of you familiar with Mallorca past and present will remember the days prior to Puerto Portals. Before the marina was built, Portals Nous was little more than a commuter town for Palma whereas now it is a playing ground for the rich and famous. Familiar faces such as Claudia Schiffer, David and Victoria Beckham, the Schumaker brothers and many more, can often be seen in the various restaurants and bars, and it is a known favourite of King Juan Carlos himself.
I don’t need to tell you about property prices, especially if you have ever tried buying an apartmet in Portals village, let alone the Port, or a villa in Bendinat or Costa d’en Blanes … prices are at an all time premium. And why not, after all, the port is competing with Peurto Banus and Monte Carlo, and probably winning!
So if you are looking for a sound investment, then maybe you should look no further than Puerto Adriano in El Toro, SouthWest Mallorca, it’s set to be the next big playground for the rich and famous…
Mallorca Hot Property is a Real Estate Agency based in Santa Ponsa, Mallorca specialising in Residential and Luxury Real Estate.