Mallorca, long a popular holiday destination with Brits and Europeans, is in the process of gearing up for one of the world’s most famous luxury yacht sailing events – the annual Superyacht Cup.

 

Now in its 16th year, the annual regatta draws hundreds of superyachts, as well as thousands of sailing fanatics, all keen to get in on the action and experience the beautiful Balearic island.

Marc Pritchard of Taylor Wimpey Spain, one of the island’s most established developers, highlighted how the regatta attracts increased interest in the island: “Every year this prestigious event not only sees many boating enthusiasts preparing to set sail but also an abundance of intrigued visitors flocking to the island to witness the action. International events of such magnitude continue to aid Mallorca’s reputation as the place to be and although they may come for the sailing, many more stay for the sun soaked climate, the striking blue flag beaches and the high class restaurants”.

As is to be expected, the island’s natural beauty and its popular social programme mean that the demand for accommodation is always on the up, maintaining a strong demand for rental property.

This revelation led the information website SpainBuyingGuide.com to look at the type of property available which would be the ideal holiday home or investment property.

The Cala Magrana III residential complex, built and marketed by Taylor Wimpey Spain, is situated very close to a number of golf courses and the bustling Porto Cristo Marina. Each of the two bedroom apartments benefit from unspoilt sea views all housed in charming Mediterranean style architecture complete with communal gardens and a lovely swimming pool. Prices start at €199,500 (£160,585).

For details of property for sale in Mallorca and all property for sale in Spain, visit the Spanish listings on Rightmove Overseas. One way to save money when buying in Spain is to use a currency specialist when transferring your pounds into euros to complete the purchase of your property. For more information on this, contact Smart Currency Exchange.

To understand the full step-by-step process to buying a property in Spain, collect The Overseas Guides Company’s ‘Spain Property Buying Guide’