THE British property market in Majorca is buzzing as Britons continue to sell up in the UK and relocate abroad.
Real estate sources in the Puerto Portals and Calvia area confirmed this week that there has been a fresh surge in British demand for property over the past six months and an increasing number of clients are looking for permanent family residences as opposed to holiday homes.
One estate agent said that whereas six months ago, one in every 20 clients was looking to leave Britain and set up a new family home on the island, the figure has trebled to three in every 20.
QUALITY OF LIFE
Most of the clients are flexible professionals, which means they can easily commute between Palma and Britain for work or even operate on-line. Most potential buyers are looking for three or four bedroomed properties in the 700'000 to one million euro bracket.
In fact, such is demand that all of the leading real estate agents are in constant contact trying to meet demand.
While there has been an upsurge in interest in Palma, as the Bulletin reported at the start of the year, as a new home for flexible British professionals, it appears that the market has spilled out into Calvia as the new commuter market continues to grow.
Removal companies have also been reporting a steady increase in business over the past year and it is nearly all one way traffic - out to Majorca.
For many moving to Majorca, they are finding the standards of education for their children and the overall quality of life superior to Britain, according to real estate sources.
The low-cost airline boom means that fathers or mothers never have to be away from the rest of their family for very long and, with air links between Palma and so many regional airports, they are never very far from a quick flight back home to Majorca when necessary.
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