New flights to Mallorca to boost moribund property market
Mallorca, the largest of the Spanish Balearic islands is set to receive more British visitors in 2011 as new flights are announced in moves that could boost the location’s real estate market.
Both the island’s holiday rental market and second home market are likely to benefit from the increased number of visitors. According to Thomas Cook and Jet.com, who have announced new schedules from Southampton and Edinburgh, demand is rising.
‘With its mix of beaches, great weather, fantastic food and entertainment, Mallorca is a fantastic option for families, couples and groups,’ said Ian Derbyshire, chief executive officer of Thomas Cook UK & Ireland.
The airline has announced a new weekly Saturday flight service from Southampton to Palma next summer beginning on 28th May 2011.
Jet2.com has also recognised the demand for flights to the island by announcing an increase in the number of scheduled flights from two per week to five per week for the duration of the 2011 summer season.
It is good news for the property market, according to Victor Sague, sales and marketing director of Taylor Wimpey de España, the largest property developer in Mallorca for over 50 years.
‘The British low cost airlines are responding to the increase in visitor numbers that Mallorca has experienced in recent years. Some 23 million visitors pass through Palma de Mallorca Airport today compared to 6.7 million in 1997. Despite this growth, Mallorca remains one of the most glamorous destinations in Spain, frequented by celebrities and holiday makers alike, drawn in by the charm of the traditional stone villages, the buzz of the marinas and outstanding golf resorts,’ he said.
‘Mallorca offers year round sunshine, Blue Flag beaches and marinas, the relaxed Spanish way of life and a lower cost of living, just some of the reasons that people decide to buy a home on this stunning island. Some 45% of all our enquiries for Spanish homes are for Mallorca and 75% are for holiday homes,’ he explained.
‘Additional flights to Mallorca will certainly benefit our clients as it improves accessibility for them and also widens the goal posts for rental opportunities. With more summer holidaymakers there will be more demand for accommodation,’ he added.
Taylor Wimpey de España currently has six developments on the market in Mallorca to suit every taste and budget. For instance you could choose an apartment in Palma, easy to rent, close to the heart of the city and its exciting nightlife for €143,900 or you could select a detached house by a golf course less then a kilometre from the beach for €410,000.