Why Invest In Majorca?
An outstanding geographical location
Given their location, the Balearic Islands represent a commercial platform and an ideal springboard for both European markets and other booming markets around the world. The islands are perfectly located in the heart of Spain’s most dynamic region.
23 million passengers arrive at Palma de Mallorca airport every year, making it one of Europe’s busiest airports. In view of the massive, constant flow of passengers, expansion and modernisation work started on the airport in 2015 to cater for 38 million passengers per year.
Some of the Mediterranean’s and southern Europe’s largest ports are also to be found on the islands catering for both passengers and goods for one of the most popular cruise destinations in the region.
MODERN FACILITIES ON THE ISLAND
Majorca has many means of transport that makes it easy to move around via safe, modern roads that connect all towns and capitals on the islands. The roads are constantly improved and widely used by public transport.
Trains are the best way to get around fast and comfortably in Majorca and the network is currently being expanded. Palma also has a subway that connects the university to the town centre and industrial parks.
IDEAL SETTINGS FOR BUSINESS MEETINGS
Backed by their experience, world-class facilities and environment, the Balearic Islands offer the ideal settings to combine business with pleasure; for this very reason the islands host major national and international meetings.
The features of the island’s infrastructure have made these islands a highly competitive commercial destination, while meeting the needs and demand of businesses that organize conferences, conventions and incentive trips.
BOOMING OPEN ECONOMY
The islands’ GDP is constantly growing and income per head has surged ahead of the Spanish economy and stands above the European Union average.
The islands’ economic model is in fact quite similar to the most advanced countries.
A TOURIST AND LEISURE HUB
The Balearic Islands boast over 12 million international tourists per year, making them the second most popular tourist destination in Spain.
9,454,264 tourists visited Majorca
SECURE AND HIGH QUALITY PROPERTY
The luxury property market in Spain has performed extremely well thanks to a high proportion of foreign buyers. An Engel & Völkers survey revealed that during the second quarter of 2014, luxury property sales in Majorca surged 40% over the first quarter.
The most active foreign buyers on the market are first Germans, followed by Swiss, Austrians, Brits, Scandinavians, Russians, French and lastly Spaniards.
During the first quarter of 2014, one sale per week was recorded in the centre and south of the island, with prices ranging from €240,000 to €4,200,000.
Since the outset of the recession, prices for second homes in Majorca have fallen between 5% (luxury property) and 30% (mid market). Majorca is considered a strategic location for guaranteed, secure investment, both in respect of second homes and property to let.
AN ENTERPRISING INNOVATIVE CULTURE
The Balearic Islands’ people are enterprising. The islands are, in fact, the self-sufficient community which has the largest amount of companies per 1,000 inhabitants.
Internationally reputed fashion and design companies’ head offices are based here, as are manufacturers of high-end articles based on state-of-the-art, eco-friendly technology.
The Baleares’ economy is underpinned by growing demand from business tourists. The islands are a great place for multinationals to hold meetings given their close proximity to large European business centres and they have excellent travel facilities and offer world-class service. The volume of business trips, incentives, conferences and conventions is constantly growing, which has prompted the Balearic Island’s government to launch construction of a Congress Centre with a view to promote tourism outside the summer peak and to attract well-off visitors by combining business tourism with leisure, sports, shopping and culture…