Life-Changing Real Estate

03 Nov 2020
3 min read
Mallorca is fast becoming a leading destination for both work and leisure. Providing all the necessary infrastructure for year-round living while brimming with island charm and offering attractive tax and visa benefits, it’s the perfect place to invest in property for a better lifestyle

Mallorca has seen a marked shift in the behaviour of property buyers and long-term renters over the last few months. With the world facing an unprecedented situation, people are re-thinking and re-adjusting their lifestyles, and this is true more so than ever on the established Mediterranean archipelago’s largest island.

With restricted travel throughout Europe, many of those who have previously enjoyed vacationing or venturing to Mallorca for work have experienced a mindset change, with a majority of them wanting to start living and working permanently from the island. With seventeen international schools, one of Europe’s fastest and most wide-spread internet networks for efficient working, modern and multilingual health services, excellent safety and security, good transport connections, world-class sporting facilities and a sunny climate, it’s the idyllic destination to put down roots.

Schooling on the island affords children the opportunity to learn in a safe, healthy environment and emerge multilingual with the necessary academic certificates and skillsets needed for further education internationally. From pre-school to primary and up to A-Level or International Baccalaureate, there are various academic options available for families to choose from, including sport-centred institutions such as the Rafa Nadal International School in Manacor or alternative learning centres such as the Montessori Mallorca School in Santa Maria and the holistic Fundació Sa Llavor school in Binissalem.

In the modern world, an internet connection is imperative for both school and work. After completing a study in the region in August 2019, the Balearic Government determined that over 98% of the Balearic Region has access to fast and wide-ranging broadband coverage in addition to the 4G Mobile network. Furthermore, fibre optic connections are available in over 82% of homes, offering high-speed broadband of 100Mbps necessary for an efficient workplace. This impressive telecom infrastructure cements the island as a premier dual destination, offering an optimal workplace environment and the best in Mediterranean lifestyle.

For those needing to still travel for work, Palma International Airport is well-suited for jet-setters. As Spain’s third largest airport, it offers direct flights from all major European cities, with a short two to three hour travel time. Daily ferry connections are also available from the Spanish Mainland. For leisure and fun, a short 25-minute flight connects Mallorca to its sister Balearic Islands. For those who prefer to navigate the Mediterranean, a 2-3 hour cruise will provide a totally different experience and the opportunity to discover the unique characteristics of Mallorca, Menorca, Ibiza and Formentera. With over one million passenger movements handled upon re-opening of the borders – more than any other in Spain – Mallorca’s attraction is more evident than ever.

As learned this year, healthcare is essential, and Mallorca has one of the most advanced, modern healthcare systems in the Mediterranean. In addition to its five main public hospitals and six principal private hospitals, there are dozens of private clinics and over sixty local public surgeries throughout the island, with multilingual staff and top specialists in each of the healthcare facilities.

Over and above the appealing lifestyle offerings, the so-called Beckham Law and Golden Visa are also compelling factors to consider long-term living on Mallorca. The Beckham Law is a Spanish tax law passed in 2005 that enables all foreign workers to be taxed as a non-Spanish residents under the Spanish Non-Resident Income Tax rules. Thus, they will only be taxed on income earned in Spanish territory, and not on income earned elsewhere while living in Mallorca. The Spanish Golden Visa programme launched in 2013 is equally as enticing – with a €500,000 real estate investment in the country comes family residency. The Golden Visa is flexible with no minimum duration of stay, is easily renewable without living in the country and enables EU Schengen Zone travel, among other benefits. These factors are highly attractive to many global investors that not only want to live in a high-quality ecosystem, but also wish to exploit the advantages of fast entry to all major European cities.

There is no other Mediterranean island that presents Mallorca’s distinctive combination of excellent infrastructure, picturesque nature, rich culture, first-class sports facilities, a warm, sunny climate and a safe and healthy environment. And with these five top Engel & Völkers properties in Mallorca’s highly-desirable southwest area, you’ll have all these benefits and an enviable address to match.

Images in order of appearance: 

  1. Last villa for sale in the amazing seafront project Cap Adriano. This is the most exclusive project in southwest Mallorca!
  2. Family-style finca Villa Gecko – modern architecture and design, perfect location for families and close to schools.
  3. Villa Prunera – Newly built villa with sauna, outdoor and indoor pool and fantastic views.
  4. Villa El Olivo – Luxury finca with separate guest house and fantastic views over the mountains and fishing harbour.
  5. Newly built villa with sea views – open and spacious layout, close to yachting harbour, international schools and city of Palma.