Winter in Mallorca Means Brisk Business for Rodemann & Wood

POLLENSA, Spain - Jan. 25, 2015 - PRLog -- It is the middle of January. The extended Christmas festivities are over and we are headed straight into the “explosive” festival period of San Anton – just one of the many incredible delights of living in the Balearic Islands.

Like much of Europe, Spain was particularly hard hit by the world-wide economic downturn triggered by the Lehman Brothers collapse of 2008 and the ensuing discovery of what has become known as massive toxic debt permeating the international bank system, particularly in Europe. And being a (somewhat reluctant) part of Spain, Mallorca was likewise very badly hit. Property bubbles burst and the market came down to earth with a bang and a crunch.

But last year seemed to mark a turning point for Spain and its little Balearic island outpost of Mallorca – the jewel in the crown of the Mediterranean. After all, the world is now awash with money but with few safe havens for it to take refuge. The US stock market is booming, but interest rates are at an almost all time low world-wide – indeed in negative territory when adjusting for inflation - and the gold and commodity markets are in a slump. It's an artificial condition caused by the too many governments printing too much money they don't have. So what is a person to do who has some money to invest, perhaps a retirement annuity maturing, or having sold their Moscow vodka distillery (which, by the way, might be a good idea since these days in Russia, wine - particularly the sparkling variety, is now “in” and spirits are so passé) or if they just happened to win the latest EuroMillions Lottery?

Well, Susanne Rodemann of Rodemann & Wood real estate agents in the discrete and classy little market town of Pollensa in the North of Mallorca believes that she has the answer. “The north of Mallorca,” says Susanne, “particularly the area around Pollensa and its port has a lot to offer international real estate investors. Firstly, the North of the island is quite different from the South. It is much more rural and no matter where you are, you are never far from some of the most beautiful countryside and stunning scenery in the Mediterranean, even though only a forty-five minute drive from Palma along a new motorway. And property prices in Mallorca, not to mention the cost of living, are significantly lower than other Mediterranean destinations having any semblance of sophistication, such as the French or Italian Rivieras. In spite of the recent market upturn, it is still early days and there are many bargains to be had.”

But it is not just the prices that should attract investors to the island, explains Susanne. It is the quality of life. Even at the height of the tourist season in July and August, the little towns, fishing villages and incredible beaches with seemingly miles of silver sand are never overcrowded. Plus there is the added benefit of the amazing lush countryside and natural scenery of the ever-present Serra de Tramuntana mountains as a constant backdrop. Of course there is also the spectacular Cap de Formentor peninsula with its breath-taking views. “This is probably one of the most stunningly impressive sights in the Mediterranean, but it is still relatively unknown. So please don't tell anyone about it – it's our secret!” enthuses Susanne.

Spain is just starting to emerge from the depression and unemployment is still very high. However, many hard lessons have been learnt, and the country is now marketing itself as an up-market destination and centre of culture. As somewhere to live or as a retirement destination it has little competition in Europe. Not only is the cost of living still relatively low compared with most other parts of Western Europe, but communications and infrastructure are also good and there is an excellent health service that is second to none. This is particularly true in Mallorca which has the added bonus of being a truly multi-cultural society with large expatriate communities, particularly English and German, although with others rapidly catching up, such as those from Scandinavia and Russia – all attracted by the island's natural beauty and quality of life, not to mention all that sunshine, even in Winter!


Since last year, Rodemann & Wood has seen a significant upturn in the local property market and 2015 is all set to be another year of steady growth, or possibly more, as buyers from around the world return to the market in search not only of a sound investment but also a way align their finances with their lifestyle aspirations in a harmonious and satisfying way.

Anyone interested in investing in Mallorca property, particularly in the north of the island, can contact Susanne Rodemann and her team on +34 971 533 323 or via their website http://www.rodemannwood.com