The Wide World of Real Estate August 2, 2022

Coldwell Banker Around the World: July 2022

Sam Shalom   July 29, 2022

Mallorca, the largest of the chain of islands located off the east coast of Spain, is also the most diverse of the Balearics. Yes, the same aquamarine waters that surround Ibiza (its southwest neighbor) lap onto the shores of Mallorca, but Mallorca’s landscape is much more distinct and impressive thanks to its ravishing beaches, azure views, remote mountains, and soulful hill towns.

An increasing number of people all around the world see the obvious benefits of living in Mallorca: 300 days of sunshine, breathtaking landscapes, a vivid cultural life, and tasty Mediterranean cuisine. During the pandemic it became apparent that we are no longer bound to work and live in the same location. A new sense of freedom evolved, making the United States and Mallorca closer than ever before.

Coldwell Banker Select Real Estate’s Marketing Specialist, Mar Perez-Aranda Soriano, says, “We love embracing new visitors and homebuyers to Mallorca. One of the most rewarding aspects of working for Coldwell Banker in Palma de Mallorca is helping clients make one of their most important deals of their lives. I love that I am able to make a real contribution to my clients’ needs by supporting them in their own language, finding the perfect new home to satisfy a buyer, or helping a seller make the most lucrative sale. I always aim to work with integrity, excellence, innovation, and respect for each individual, just as the Coldwell Banker values state.” Read on to learn the unique ins and outs of this sunny star of the Mediterranean.

Where do you live: The whole team of Coldwell Banker Select Real Estate lives in Palma de Majorca

What is the perfect weekend day like: A great way to spend a weekend in Majorca is to drive to the beautiful mountain villages Valldemossa, Deia and Sóller or to enjoy the fantastic views of the Mediterranean Sea. Another option is to go shopping and have lunch in one of the many great restaurants in the area. In the evening, I suggest having a cocktail in one of the several rooftop bars here in Palma followed by a late dinner. On Sundays, I encourage you to spend the whole day on the beach. My favourite is Es Trenc, which is a 45-minute drive from Palma.

What are the common modes of transportation there: The most common way is by car. However, buses, taxis and a small metro service are also available.

Tell us about the foods your area is known for: The quintessential known food from Majorca are ensaimada (a typical pastry), sobrasada (a typical sausage), frito mallorquín (fried meat with vegetables) and arroz brut (a dish of rice, meat and vegetables).

What is your favorite meal? At home or at a restaurant: My favourite meal is lubina (seabass) or rodaballo (turbot) with tumbet. For dessert gató (mallorquín almond cake) with ice-cream.

Where do you recommend someone vacation in your region, why: If you are looking for a weekend city break, I would recommend you to stay in Palma de Majorca. Palma is a beautiful city with a lot of great sights, shopping, bars and restaurants. However, if you want to spend your vacation on the beach, I recommend you go to Colonia Sant Jordia, which is a small village close to the fantastic Es Trenc beach. Alcudia, Alcanada, Port de Pollenca are also great places to visit to enjoy a perfect holiday in Majorca.

What is your favorite recreational or leisure time activity: The warm climate and the exceptional environment that Mallorca offers make it a paradise for lovers of outdoor sports. There are plenty of physical activities to enjoy. Some of my favourites are tennis, golf, paddle, hiking, swimming, and cycling.

Is there a specialty your area is known for: Unique products from Majorca are almonds, olives, sobrasada (cured sausage), oranges, wine from Binissalem, red prawns from Sóller, and sea salt from Ses Salines des Trenc.

Share a little known but interesting fact about the area/region: 1) Majorca has an amazing range of cave systems, with the most impressive being Cuevas del Drach on the East Coast of the island. Also found among Cuevas del Drach is the largest underground lake in the world named Martel Lake. 2)The sea is almost always clear around Majorca because of the algae on the seabed. 3) Majorca is the perfect cyclist training area. Many big teams train here to get in their best form for the Tour de France.

If you were to live in any other region where we have a Coldwell Banker presence, where would it be and why: If I were to live somewhere else in Europe, it would be Italy or the French Riviera. In USA, I would prefer New York or Los Angeles, California. 

Territory Summary:

Majorca is a Spanish island located in the central part of the Balearic archipelago, in the Mediterranean Sea. Its capital, and also that of the autonomous community of the Balearic Islands, is Palma de Mallorca. Majorca, at 3,640 square kilometers, is the largest of the Balearic Island which also comprise of Ibiza, Menorca and Formentera as well as smaller islets like Cabrera and Dragonera. This famous archipelago can be found off the eastern coast of Spain, the country which they are a part of.

The most primitive remains found in Majorca date back to 3500 BC. C. at the time of the Neolithic, transition period between the Bronze Age, where the first copper objects appear. The first known settlers of the islands, (although of doubtful origin), were the Balearic slingers.

Key Facts:

  • Population: 1,219,404
  • Language(s) Spoken: Spanish and Catalan
  • Climate: Mediterranean
  • Currency: Euro €

Industry Facts:

Types of Architecture: Gothic (for example, the cathedrals La Almudaina and La Lonja). But you can also find Renaissance, Baroque and Modernist.

Average Sale price: The average price of houses currently on the market is €798,000. The sale price of 80% of the properties is between €209,990 and €3,600,000.

Prices per sq. ft/meter: The average in Palma is 3.292€ / m²

Average years in house/apt: Over 20 years