One area of Spain has house prices that are ‘guaranteed’ to remain steady, claims one company…

According to Homes Worldwide, Mallorca is still a 'very safe investment' despite the anxiety surrounding other parts of Spain at the moment. A spokesperson for the company commented: “Property prices are pretty much guaranteed to remain steady due to the fact there is limited land available for new construction, so any existing properties on the island will be in high demand”.

Mallorca is one of the most expensive places to buy in the Iberian Peninsula but with 300 days of sunshine every year, 23 golf courses, 25 marinas, as well as some of the most stunning scenery in Europe, it is money well spent. The rise in prices on the island does not seem to have put off investors though. According to a recent article in the Daily Telegraph, 11,000 people now own a holiday home in Mallorca, or are based on the island.

Celebrity haven

New roads in the north have now made small mountain villages more easily accessible and the coast benefits from natural harbours. It is not surprising then that Mallorca has also attracted quite a few celebrities, with Catherine Zeta Jones and Michael Douglas owning a holiday home in the village of Deia. Andrew Lloyd Webber, Boris Becker, and Claudia Schiffer, are also on the star-studded list of those who have homes on the island.

Anyone owning a property close to the sea can certainly celebrate. Mallorca has had a ban on any development within 25 metres of the coast for several years now. Therefore, anyone owning a beachfront property knows they have something unique and when any do go on sale they command very high prices