After a strong Easter period for the holiday rental market, investors will no doubt have their sights set on Spanish property. However, according to Taylor Wimpey Espana, those looking to benefit from the countless sun-seekers jumping on a plane this summer, should perhaps consider Mallorca instead. After all, over six million tourists visit the Balearic Island each year.

What's more, Mallorca is also a popular port for cruise liners and the extension of the pier means it can accommodate larger ships and more vessels. This is good news for the local tourism industry, with around one million passengers entering the island by sea annually. In 2013 alone, the port of Palma is expected to receive 449 cruise ships. 

Marc Pritchard, sales and marketing manager of Taylor Wimpey Espana, commented: "Mallorca is quite simply a tourist hotspot. Every year cruise ships visit and prepare to set sail from the beautiful Mallorcan shore with an abundance of intrigued visitors flocking to the island to explore its many attractions coupled with sun soaked climate, over 43 striking blue flag beaches and high class restaurants."  

Demand for accommodation increases significantly in Mallorca during the summer, particularly for property close to marinas or beaches. The island is considered a hub for the rich and famous, so there are also opportunities for investors to enter the prime market. However, demand still lies in the luxury villa segment, so new developments in top locations will generate the best yields.

This doesn't mean there aren't opportunities in more affordable market segments. El Puerto II in Cala d'Or has two bedroom apartments located in generous gardens, with three communal swimming pools. With prices ranging from €149,500, this is a sophisticated complex in reach of a blue flag beach, ensuring you'll have interest all year round. Following on from the success of Cala Magrana I and II, Taylor Wimpey Espana has also launched a third phase just 500 metres from Cala Anguila beach. Situated close to several golf courses and the marina of Porto Cristo, these two bedroom apartments with sea-views are a great opportunity.

source: http://www.propertyshowrooms.com/spain/property/news/mallorca-property-will-enjoy-strong-sun-seeker-market_312713.html

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