A luxury villa in Mallorca is one of those special properties that many desire, but by no means all can afford. Mallorca is the epitome of sun, beach, and sea, and over the course of several decades has maintained and continually enhanced its appeal as a holiday island and paradise for a second home.
It is also the island of luxury villas and popular and sought after by wealthy investors who want to relax there for several weeks or even months, or live there permanently. Whether it's a luxury villa or a luxurious chalet, the owner's primary concern is usually to enjoy the ambiance and flair of Mallorca in privacy.
The prospects for luxury real estate as an investment are extremely good. Lucrative and profitable appreciation can be expected right from the start – if everything is done right. Properties in this segment (far) beyond one million have not lost their appeal even during and after the economic crisis that began in 2008. In the long term, a luxury villa in Mallorca is a worthwhile investment; not to mention the sentimental benefit of being able to spend more than just the best weeks of the year in your own luxurious four walls on the Mediterranean.
Find the right luxury villa
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IPM Real Estate Services, together with Mallorcadigital, offers professional and interactive solutions for this. Contact us.
Origin of modern luxury villas and luxurious chalets
The luxury villa was originally a country house and manor house. It stands detached on a spacious plot with a large pool and a well-kept Mediterranean garden. Today, villas are spacious, multi-story single-family homes with the ability to accommodate several guests. Everyone should feel equally comfortable, and the furnishings and decor are accordingly luxurious. The villa in Mallorca is adapted to the local architectural style; it is often reminiscent of manor houses and even palaces from past decades and centuries.
The home of a variant of the luxury villa, the chalet, is the Swiss Alps. Places like Grindelwald or Zermatt are almost exclusively built with chalets. The flat gable roof with a clearly visible roof overhang is very typical. Such chalets also blend perfectly into the landscape of the Balearic island. They can be individually designed, equipped, and furnished. Modern home automation, ranging from essentials to superfluous features, is a given in this luxury property. The homeowner's tastes range from glamour and casual elegance to Hanseatic understatement.
Location and site
The location of a chalet or villa on Mallorca also largely determines everyday life. Mallorca's coastline is almost 600 kilometers long, and a pool in the villa's garden isn't a substitute for swimming in the open sea for everyone. Around five dozen municipalities and towns are spread across the island, from Palma to small towns with a few hundred inhabitants. The road network is good, although a shorter travel time from A to B is often desirable. The proximity to the island capital, Palma, is particularly advantageous if you frequently commute between the island and the mainland by plane. The Son Sant Joan Airport offers daily flights to numerous destinations throughout Europe. This mobility has paid off over the decades and also facilitates ad hoc air travel.
Most investors opt for a location outside of tourist centers such as El Arenal, Magaluf, or Cala Ratjada. Many of the beaches around the island are occupied by package tourism in the summer, effectively taken over. However, due to its climate, Mallorca is a year-round holiday destination: during the cold, wet weeks and months on the European continent, it is pleasantly warm here in the Mediterranean, with an average temperature of up to 20 degrees Celsius. With its diverse landscape in its 8 landscape zones, the island offers a wide selection and variety for a suitable location. Existing luxury properties or plots of land yet to be developed can be found in many hidden locations on the island; be it high on cliffs, such as Puerto d'Andratx, in a deserted valley in the Central Island, on the slopes of the southwest coast, or in the heart of the Tramuntana.
If infrastructure is a priority in your decision, proximity to Palma is a must. The island is about 100 kilometers wide and has a north-south length of 80 kilometers. This sounds manageable at first, but can nevertheless be complex or even unpleasant if you have to cross the island not for pleasure but under time pressure.
Features and characteristics of a luxury villa
For a future and permanent home in a luxury villa, its characteristics are of course crucial. Quite often, a luxury villa is initially rented as a holiday property for temporary use. The property is available to the owner's family, friends, and acquaintances; in this way, it is used more or less year-round. With the final decision to relocate to Mallorca, the villa is purchased and converted and expanded into a luxury property. No expense is spared on the investment. During this phase, the opportunity is taken to adapt the villa or chalet to the surrounding luxury villas and mansions.
This includes the large and well-maintained Mediterranean garden, as well as the pool area, arcades, and refreshing circular paths and terraces with trees and plants. Spanish architectural elements such as wide arches, galleries, expansive viewing terraces on several levels, and spacious patios create an authentic image. Contemporary art also comes into its own in such a luxury villa in Mallorca. The builder or buyer should seek advice and be convinced, as a prerequisite for maintaining and increasing the value of the property is that it is harmoniously integrated into the immediate surroundings and landscape.
Conclusion
The investor or owner of a property in Mallorca must be aware that they have chosen a particularly privileged location for their luxury villa. Some feel protected by the seclusion of their privacy, while others feel a bit lonely. Such a luxurious property may also require the employment of several employees, such as gardeners, a cook, or a cleaning lady: the investor thus becomes an employer under Spanish law. Ultimately, luxury villas also represent a financial burden, which the property owner must be able to bear in the long term: only then will they have an easy life in Mallorca, in the truest sense of the word.
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