New Mallorca air route offers easy access

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Being the largest of the Balearic Islands, Mallorca has long been a favourite holiday and second home destination for the people of Spain and for British visitors alike.

The capital city of the island, Palma, has a long history as an investment destination for overseas property buyers, whilst the many large and small resorts dotted around the coastline, including popular nightlife hotspot Magaluf, attract a range of buyers from across the spectrum.

Interest from the United Kingdom, Germany, Ireland, Poland, and the Scandinavian countries continues to keep the island’s market moving and a recent increase in building activity has seen market activity increase.

However, as with other Spanish locations, ease of international access plays a part when it comes to international property investment activity.

This is particularly important for the ‘second homes’ buyer rather more than those simply looking to add to a rental investment portfolio.

The news that popular budget airline Vueling is set to begin daily flights from London Heathrow to Palma from March can only help to increase interest in what is an already healthy Mallorcan market, as travellers from Heathrow, the main departure airport for London dwellers, have not had a flight on the route since 2009.

The low-cost airline will be making more than 75,000 seats available throughout the summer period and expectations on the island are that this will lead to an increase in potential buyers looking to take advantage of low property prices and ongoing tourism success.

Of course the famously generous and reliable climate is also a big draw for anyone considering dipping into the market on the island, and prices stack up very competitively compared to similar types of property on neighbouring sister island Ibiza.

Any overseas property transaction can fall foul of market conditions when it comes to international currency exchange rates.

This means it is always best to use the services of a specialist exchange dealer when you want to send money from UK, to access the best rates available.

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New Mallorca air route offers easy access

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