Cheap Flights Slows Majorca Property Drop

Majorca has long been one of the favourite holidayin value once the downturn in the European and US
destinations for Europeans, especially British andproperty markets are reversed.
German tourists.Because of its more remote and secluded location,
And enough have liked the island in the past to buy ait's not surprising that many celebrities have homes
second home for holidays, or to buy an apartment oron the island. One of Hollywood's favorite couples,
villa to retire to the sunshine island.Michael Douglas and Catherine Zeta-Jones, own a
But with property values declining in importantholiday home in the village of Deia. Composer Andrew
markets like the UK, the number of buyers hasLloyd Webber, Boris Becker and Claudia Schiffer also
slowed, and Majorca too is seeing her property pricesown homes on Majorca.
drop along with much of the rest of Europe, and theVillas and apartments within easy walking distance of
US.the Mediterranean could rise more in value than other
But thanks to low cost airlines offering bargain flightMajorca locations once the downturn is over - for
prices to the island's Palma Airport, Majorca is nowseveral years there has been a ban on any type of
even more easily accessible despite the recession inconstruction within 25 metres of the coast. Those
the housing market on both sides of the Atlantic..who already own beachfront property know this
Britain's top low cost airline based at Luton Airportmeans if they decide to sell, they will have the ability
but flying to Majorca from around the UK's regionalto command a very high price. Beachfront
airports now offers less expensive, more frequenthomeowners know they're living in a potential gold
flights to Majorca.mine.
And more flights to the island each week makes itMajorca sees 300 days of sunshine per year, making
more realistic for the British who do still have moneyit one of the most widely sought-after tourist
to consider buying an apartment or villa in Majorca,destinations in the world. Millions of people per year
and with some buyers still interested it has helpedvisit Majorca and neighbouring Menorca. Majorca plays
prices in Majorca from going into a huge drop in value.host to 23 golf courses and 25 marinas where, on
Many Brits enjoy the atmosphere of the Balearicany given day, you can see hundreds of boats and
Islands so much that they visit several times peryachts.
year. So far, British investors haven't been reluctantLess expensive and more frequent flights open up
to take advantage of this new opportunity. The Dailyseveral doors for businesses such as wedding
Telegraph, a leading British newspaper printed anplanners as well. Many couples looking to begin their
article revealing 11,000 Brits now own a home inlives together look for the perfect, picturesque place
Majorca.for their wedding ceremony. The new prices and
Real estate investors do anticipate prices dropping tofrequency of flights to the island could quite possibly
a degree in Majorca, and know they are in a strongermake many couples' dreams a reality.
position to negotiate than anytime since the lateRich in Spanish culture, Majorca has all the luxuries of
eighties, and owners are more willing to considera large city with a small town atmosphere. Tourists
offers than just a year ago.love the relaxing atmosphere, the salty breezes and
Majorca prices started the property recession in athe spectacular holiday celebrations. The low cost
strong position, and has been one of the mostairlines are making it easier for European tourists to
expensive places to buy real estate in Spain.escape their everyday lives more often.
Investors believe Majorca is one of the safestWhen some confidence comes back into the
property investments you can make. Majorca is anEuropean economies and property starts selling again,
island with limited land available for new construction.those buying during the downturn could have made a
This means the existing properties could rise quicklygood investment.