Son Armadans has a facelift

HIGH­INCOME Scandinavian property buyers are the new majority foreign residents in the Son Armadans area of Palma.

Interest among property investors from northern Europe has gradually shifted away from Santa Catalina and the old town towards Son Armadans, Gomila and El Terreno.

Finnish promoter Bellver Park was the first to see the area’s potential, buying three abandoned properties in 2020 and building three 25home luxury developments that are nearly completed and already sold ­ mainly to Finnish and Swedish buyers.

Prices for the top storey homes are set at €2.4 million, with views over Bellver Castle and private rooftop swimming pools.

These developments are being welcomed as a chance to give the area, that used to be the summer holiday resort of the island’s wealthier residents, a much ­ needed facelift.