Tag Archives: mallorca property market

Mallorca rated second best place to live in the World!

There is clearly more to Mallorca than Magaluf and this fact has been recognised by a highly respected  report published last week, the Knight Frank Lifestyle Report, which has ranked the island of Mallorca second to Dubai as one of the best places to live in the World.

The  survey ranks destinations  according to the quality of their international schools, weather, leisure pursuits and the availability of quality restaurants. Dubai came out on top, and Mallorca came joint second with Geneva and the Cayman Islands, followed by  Cyprus which came in third.

London, Hong Kong, Singapore, Auckland, Monaco, Madrid and Moscow rounded out the top 10, with the latter three in  joint position.

Hong Kong tops the list of best restaurants with 69 Michelin starred eateries, followed by London and Geneva.

For weather, Nassau in the Bahamas was top of the table with 365 days of sunshine a year, along with the British Virgin Islands.

Entrepreneurs need political stability, ease of travel and good restaurants to entertain clients in.  For these qualities Auckland was the top choice.  

For an expatriate family, schools, safety and leisure activities are crucial, with Geneva being the best option.

For a retired couple, quality of life, cost of living and personal security were key motivators. Auckland was the winner across these qualities.

But it appears that when all the factors are taken into account, Mallorca is one of the very best places in the World to live. This will no doubt provide a great boost to the island´s global image, and hopefully to the local economy too!

Most expensive house in Spain is in Mallorca

House prices in Spain have been falling since the housing bubble exploded a few years ago. However, the luxury property market does not seem to have been affected by this fall. “El Cielo” (“Heaven” in Spanish) is the most expensive property currently for sale in Spain, with a price tag of  57.5 million euros, and it has not only not lowered its price, despite having now been on the market for seven years, but it has actually recently risen it by 15%.

nuevo precio para la vivienda más cara de españa

This villa is located in Mallorca, on a hill-top location in the bay of Alcudia, with views that dominate the whole bay and the surrounding countriside and mountains. It has 3,500 square meters, eight bedrooms, and its own helipad and yacht docking.

So if you have that kind of money lying around and fancy owning a Bond-villain type of Mediterranean villa… this house may be perfect for you! Contact us for more details.

You can view more photos of this property at the foot of the article published in Idealista.com: