Description of Mallorca
For an island that’s so tiny, Mallorca has more than a few contrasting sides. From seemingly forgotten mountain villages to the bustling student-filled streets of Palma and right through to the ‘Brits Abroad’ doing their thing in Magaluf, the pickings are indeed rich for the canny investor.
However, Mallorca’s 300+ days of sunshine haven’t escaped the eye of the property developer and new-builds have been popping up like mushrooms after a downpour for decades. As such, Mallorca property can be extremely cheap to buy even brand new, but isn’t always easy to sell for profit as there’s just so much of it. Short-term rental properties for holidaymakers on the other hand – choose a prime spot and you’ll be laughing for the whole year, every year.