Hola Majorca ; Forget the Holiday Island's Downmarket Past, Modern-Day Majorca, with Its Lavish Properties and Sleek Marinas, Is a Magnet for the Med's Smart Money, Discovers Cathy Hawker

Summary

---

THE sleek yachts that line Palma's marina confirm that Majorca's renaissance is complete. The Mediterranean island that led the package-holiday boom in the Sixties, creating noisy resorts such as Magalluf, is now home to some of Europe's most desirable and expensive properties.

"The change in my 35 years here is incredible," says Peter Hilton of Knight Frank associates Vida Balear. "Majorca has lost its kiss- me-quick image and become an upmarket destination to be proud of." Property prices, already higher than the Spanish mainland, have remained buoyant.

See the full content of this document

Extract

---

Hola Majorca ; Forget the Holiday Island's Downmarket Past, Modern-Day Majorca, with Its Lavish Properties and Sleek Marinas, Is a Magnet for the Med's Smart Money, Discovers Cathy Hawker

"On average, since 2000, we've seen 15 per cent per annum increases," says Hilton. "Demand remains strong, particularly below 700,000 [Pounds 480,000] and abo...

See the full content of this document

---