Property www.theolivepress.es
olive press
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May 2018
Issue 20
SUZI QUATRO
April 26th - May 9th 2018
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My relax from Rock n Roll: Why I love Mallorca SEE PAGE III>>
Rainbow retreat A MALLORCAN villa is being touted as this summer’s must have property due to its intricate use of glass. The expansive ‘Villa Chameleon’ in opulent Son Vida, near Palma, was identified as one of the world’s top five exclusive abodes by the Financial Times. Valued at an eye-watering €29.5m, it has gained its nickname as more than half of the building is made of a special crystal glass which contains LED lighting, allowing the house to change colour. The luxurious development contains ten bedrooms, a guesthouse and its own ‘wellness centre’ for when all that sunbathing gets too much. It is being sold at www.engelvoelkers.com.
Island dynamo T Foreign buyers continue to pour into Mallorca, while Brits make up the biggest foreign market in Spain, writes Gillian Keller
Boom at a price
HE Balearics were the most popular region for foreign buyers last year, new figures have revealed. More than 460,000 sales were registered in Spain last year, with foreign nationals accounting for 13% of purchases. The total number of properties bought last year was the highest number since 2008’s
MALLORCA is enjoying a mini property boom this year, despite a shortage of developable land, according to the Association of Surveyors and Architects. Planning permission has been awarded to over 400 properties in the first quarter of the year, more than any time in the last few years. Significantly there has also been a change in the type of proper-
crash. Brits still make up the largest percentage of the foreign market at 15%, with Brexit seemingly doing little to put off investors. The numbers found that the most popular area for foreign buyers in Spain is the Balearic Islands, followed by the Canaries, Alicante and Malaga.
ties constructed, with fewer chalets approved than in 2017 but more family-sized houses. The number of townhouses gaining planning permission also increased. However, Association President Daniel Tur has warned that more must be done to ensure that the boom benefits all Malloquins. Tur explained that the price of land on the island was still high
And now, as a result of Spain’s booming property market, the International Monetary Fund has raised the country’s economic growth forecast in 2018 to 2.08% - giving Spain the strongest economic growth in the Eurozone. It was also reported that on-going political uncertainty in Catalunya had not affected the Spanish market as much as predicted. “I don’t think one needs to worry too due to scarcity, meaning that much about the propmany ordinary locals are being erty market in Barcelopriced out of the market. na,” said a spokesman Furthermore, he highlighted that from Registradores, construction costs in Mallorca which published the remain high when compared to figures. the other Balearic islands and “Barcelona will still be that this could also put off those an exciting city to own without cash to burn. a holiday flat in, with One suggestion by local firm Profantastic culture and inba is to construct taller buildentertainment comings with more floors. bined with sun and fabulous beaches.”
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Property
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April 26th - May 9th 2018 May 2018
Things are looking up for the Spanish property market, with an increase in sales, writes Mark Stucklin of Property Spanish Insight
T
he number of Spanish home sales inscribed in the Land Registry was up by 18% in February compared to the same month last year, the biggest February increase since the boom years more than a decade ago. There were 37,412 Spanish home sales inscribed in the Land Register in February, and 41,480 if you include homes subsidised by the Government, known as VPO, all according to the latest figures from the National Institute of Statistics (INE), based on sales inscribed in the Land Registry. Home sales have grown by double digits in most months since March 2014, when the Spanish housing market recovery started. That said, sales are still down by 44% compared to the peak year of 2007. Sales in the boom years were exaggerated and unsustainable, so not a normal benchmark, but there still looks like room for more growth. Bear in mind these figures are based on sales inscribed in the Land Register, not sales completed in the month. As such they lag the market by a few months. More timely figures from the Association
ON A ROLL: Spain’s property market is seeing sale numbers near pre-crisis levels
STRENGTH TO STRENGTH
of Spanish Notaries for home sales that took place in February were up 2.7%. New home and resale transactions were up 17% and 16% respectively in February, showing that the recover is now firing on both pistons, having relied almost exclusively on resales between the start of the recovery in 2013 and May last year. New home sales have increased
by double digits almost every month for the last year, driven by the recovery in demand for new homes in Spain. Looking at the evolution of sales by region with a focus on areas that attract foreign buyers in significant numbers, year to date sales have increased strongly almost everywhere except Extremadura (where foreign demand is
not a big part of the picture) and Catalonia, where the constitutional crisis and political uncertainty are discouraging foreign buyers. Sales were up 59% in Castellón province, home to the Costa del Azahar, in what looks like the first signs of recovery in a coastal market that has suffered the crisis longer and harder than most.
The overall picture is one of surging sales in most areas of Spain that attract foreigners in significant numbers, with the exception of the Catalan provinces of Barcelona, Girona, and Tarragona. But even in those regions sales were positive, despite the political turbulence. www.spanishpropertyinsight.com
Discover the finest luxury properties in Pollensa www.pollentiaproperties.com Call us: +971 53 45 85 info@pollentiaproperties.com Calle d’Alcúdia 4 · Pollensa, Mallorca
The pearl in the crown of the Calvario Hill Right by where the action is, yet privately tucked away near one of the most well-known steps in the whole of Spain, at walking distance from your mid-morning coffee on one of the various lovely squares in the village as well as easily accessed by car and with two private car parking spaces, in the old town centre but still offering a large
and mature Mediterranean garden with pool & terrace areas from which the most fantastic views are to be enjoyed, built with traditional materials whilst at the same time offering modern comfort… it seems too good to be true but this is the one property that has it all. Ref no: Pollensa5324
Book now your unforgettable holiday in Mallorca www.pollentiarentals.com Call us: +971 53 28 78 hello@pollentiarentals.com Calle d’Alcúdia 4 · Pollensa, Mallorca
Property
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April 26th - May 9th 2018 May 2018
13 III
In come the big guns SIR Richard Branson is one step closer to opening the ‘best ecoresort in Europe’ after hiring former general manager of La Residencia, Marie Aastrup Duffy. Branson re-purchased the 4,000 acre Son Bunyola estate in Banyalbufar in 2015 and is planning to construct an opulent five-star complex on the land. Duffy is expected to bring her expertise to the project after managing the luxury spa hotel La Residencia, in nearby Deia, for years.
Suzi Quatro reveals why R ‘n’ R in the Balearics is her new rock ‘n’ roll
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LAM Rock queen Suzi Quatro, has named Mallorca as her favourite holiday destination. Quatro, who has sold more than 55 million records in an illustrious career spanning over five decades, owns a home in the seaside village of Bendinat. She purchased the twobedroom apartment with her husband Rainer Haas in 2003 and has never looked back. “We get to relax, go to restaurants and shop – it’s a place to unwind,” she has revealed. “I fell in love with it the first time I visited. “I like the pace of it – that you could be loud at the disco and quiet at the beach.”
Rest ‘n’ Relaxation Suzi’s sunshine getaway lies in the luxurious estate of Sa Vinya, adjacent to the 18-hole Real Golf de Bendinat course. The rocker isn’t the only ce-
lebrity fan of beautiful Bendinat and she counts Peter Stringfellow and formerly Jamie and Louise Redknapp among her neighbours.
She admitted that her lack of enthusiasm for cooking has led to a passion for nearby restaurants, in particular Japanese Tahini in nearby Portals. “It’s fabulous, we visit around four times a year,” she said. “The main things we love are the peace and the weather. Mallorca’s very pretty and peaceful and it’s always felt safe to me.” Quatro famously played at Brian Robertson’s last gig with Thin Lizzy in Ibiza in 1978 and has confirmed that she would ‘love to do another gig’ in the Balearics.
Vegan delight
A VEGAN hotel has opened in Mallorca. The Ecocirer Art Hotel, in Soller, is the first vegan-style bed and breakfast in the Balearics. Located in the heart of the old town, the intimate family-run hotel has been redesigned and redecorated with the environment and sustainability as top priority. “Ecocirer is committed to the conservation of our earth, allowing you to explore the beautiful Tramuntana region, its flora and fauna,” said owner Barbara Martí, who is the daughter of well-known Mallorcan artist Francesca Martí. Barbara, who is writing a vegan cookbook, and her husband Martin, from Holland, have turned the house from the 1900s into a stunning six-bedroom hotel. The days starts with a ‘plant-based’ breakfast created by chef Barbara from delights grown in the estate's gardens, along with seasonal treats from the local market. Everything inside the hotel, with the exception of the beds, is recycled through restoration and creativity. Colourful chairs and tables have been recovered and given a new life, along with lighting fixtures and decorations.
Rustic and high-quality teak tables – Also round and in all strengths
Looking for a loophole MALLORCA’S most controversial rural development has come under the spotlight. The 21-home scheme Petit Deia has been sent for an official check up. The Counsell de Mallorca is reviewing the license granted by Deia town hall, and has confirmed it will intervene if it finds any breaches in law. It comes after various complaints about the development were reported in the media, including the Olive Press. Local green groups argue that its licence should be null and void as it was granted in 2007, when planning laws had not been updated since 1992. It has not stopped Mar Capital starting to prepare the land for the project, even though rural planning laws are far more restrictive these days. “Despite developers already starting construction it is not too late to prevent it being built and causing problems in the future as we have had in Llucalcari, Ses Covetes in Campos, and the apartments of Cala Llamp, in Andratx,” claimed a spokesman for political party GOB in a statement.
WANTED LONG TERM RENTAL In Llucmajor with large garden and furnished. TEL: 626 580 584
GREAT GARDEN FURNITURE
OUTDOOR BED SPECIAL OFFER 888€
TEAK TABLES in all sizes Michael Hoffmann – Monika Datz Hoffmann Pol.Industrial Son Noguera - Calle Marroig 5, Nave 6 E-07620 Llucmajor tel: (+34) 971 669 696 – (+34) 666 590 214 info@teakshop-mallorca.com www. teakshop-mallorca.com Opening hours from Monday to Saturday 10.00-14.00hr
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Property
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April 26th - May 9th 2018 May 2018
Going M global
The island’s architectural maestros making an impact around the world
ALLORCAN architects have been impressing both at home and abroad. Most recently, studio OHLAB was labelled as one of the ‘most important emerging architects in Europe’. It comes after its renovation of the Purohotel Palma and the offices of the Relojeria Alemana in Carrer Colon. Meanwhile, OIB Architecture has created Mallorca marvels like Portals Hills hotel and the retreat hotel Cal Reiet.
Award winners GRAS Reynes Arquitectos have also won over critics, with their Tennis Terrace project in Santa Ponsa and the contemporary house Kubik Extension. Duch Piza and CMV Architects have also been attracting global attention for their respective Es Princep hotel in Palma and the Casa London in Llucmajor. Below we have rounded up the best projects on the island by these up and coming architects.
Kubik Extension GRAS extended a traditional detached house in Mallorca by adding a series of contrasting Corten steel boxes. The existing white-painted building was left intact, with the extensions joined to external walls or added to gaps between the structures. The steel volumes contain new facilities including an indoor pool, spa and game room, while a roof deck provides additional outdoor space with views of the nearby bay.
Son Julia Son Julia is a beautiful 15th century mansion. It has 150,000 square meters of farm and is surrounded by almond, fig and olive trees. The hotel opened its doors in 2006 and, apart from its magnificent rooms, it offers exquisite gourmet cuisine in its two restaurants, a Spa, wellness therapies and large spaces for holding events. The cuisine of the Restaurant Son Julia is directed by the excellent and renowned Chef Jordi Calvache. In summer you can also enjoy an alfresco dinner in the casual restaurant next to the pool.
www.theolivepress.es
April 26th - May 9th 2018
Beautiful villa in top location at the Golf Pollensa
A beautiful luxury home feng shui optimized at the Pollensa Golf course overlooking the greens 358 m²
1.080 m²
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3
Yes
Pro p erties
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€
1.680.000
In ter n atio n al
pollensa@kensington-international.com Tel +34 971 533 323 · Via Pollentia 9 · 07460 Pollença
www.kensington-mallorca.com
Ref. KNP07112
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April 26th - May 9th 2018
Villa London This contemporary home in Llucmajor, was designed by CMV Architects and completed in 2004. The house boasts a massive floor area of 13,928 square feet. CMV Architects said: “The house is located in Sa Torre housing development, in a plot of land next to the cliff. The client, a well-known English writer, has raised an extensive program to fulfill the needs of each of the members of the family. “The infinite sights on the sea have been the basic premise of the project. The necessity to open the house to the landscape, taking advantage of the local characteristics, entails the disintegration of the volumes.”
Portals Hills Surrounded by pine trees, the Portals Hills Boutique Hotel is centrally located in a residential area, with elegant architecture and spectacular views to the bay of Palma. The hotel is only 1 km from the fashionable port of Portals, 5 km from Palma and 1 km from the Royal Golf Bendinat.
COMMITTED TO EXCELLENCE onlymallorca.com
MALLORCA VILLA IN BEST POSITION IN CALA MARMACEN
Ref. 7441 · Constructed area 455 m2 · 5 bedrooms · 5 bathrooms · Air conditioning, Alarm system, Built in wardrobes, Fully reformed, Garage / Parking, High quality, Lift, Office, Prime location, Privacy, Sea view, Swimming pool, Underfloor Heating, Utility room, Wine cellar, Wireless Internet · Price: 5.950.000 €
Isaac Peral, 38 · 07157 Puerto de Andratx (+34) 971 238 526 · info@onlymallorca.com
www.theolivepress.es May 2018
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April 26th -March May 9th 20182018
OVER 30 YEARS IN MALLORCA PROVIDING QUALITY SERVICE
Es Princep Located just inside the ancient sea walls of Mallorca’s glamorous capital city, the 5-star Es Princep Hotel is a perfect destination for a weekend away-whether travelling for business or pleasure. The modern hotel has 68 bespoke furnished, minimalist rooms designed in the signature style of architect firm DuchPizà - with views of the glittering Mediterranean sea.
Pasaje 19 de Marzo, 10 y 11, Poligono Son Bugadellas, Calvia, Mallorca
Tel: (+34) 971 69 30 04 Fax: (+34) 971 69 15 05 info@tiptoptoldos.com
www.tiptopmallorca.com
home
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c/. Son Bugadelles, 9 | 07180 Santa Ponsa | +34 971 13 42 45 www.leanti-kitchen.com
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Ref: 11868
www.theolivepress.es
Bedrooms: 2
April 26th - May 9th 2018
Bathrooms: 1
Build: 67m2
399,000â‚Ź
Beautiful apartment overlooking the sea, completely renovated in El Toro Beautiful apartment overlooking the sea, completely renovated in El Toro. This apartment has 67m2 distributed in 2 double bedrooms and 1 bathroom, modern style kitchen open to the living room with access to a terrace of 10m2 with wonderful views of the sea and the beautiful Puerto Adriano. This apartment has been completely renovated with materials of the best qualities of the market and decorated with an exquisite taste, it is sold fully furnished, ready to move in. It is located in an apartment building on the 1st line of the sea with direct access to the turquoise waters of the Mediterranean, a few minutes walking from the beautiful Puerto Adriano with its shops and restaurants and with all the necessary services 5 minutes by car. A luxury to live or to spend your holidays !!!
Ref: 11875
Bedrooms: 2
Bathrooms: 2
Build: 85m2
320,000â‚Ź
Beautiful renovated apartment in Santa Ponsa Beautiful renovated apartment in Santa Ponsa. This beautiful apartment consists of 85m2 distributed in 2 double bedrooms, 2 bathrooms, one en suite, beautiful kitchen recently renovated fully equipped, spacious and bright living room on two levels with access on both sides to two lovely terraces, one with beautiful views of the bay of Santa Ponsa. This apartment is located in a beautiful development of typical Mediterranean style that has 2 beautiful communal pools and large terraced areas. Located a few minutes drive from the golf courses of the area of the beautiful Puerto Adriano and the beaches of the area, with all the necessary amenities 10 minutes walk from the apartment. You have to visit it !!!
W W W. S G I - M A L L O R C A . C O M
Y O U R PA R T N E R S I N M A K I N G Y O U R D R E A M S April C O26th M- EMayT9th R2018 UE www.theolivepress.es A PA R T M E N T S
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TOWNHOUSES COMMERCIAL
Ref: 11871
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Bedrooms: 4
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Yo u r s H e r m a n n K ö p p l e r
FULL SERVICE
Bathrooms: 3
Build: 300m2
3,975,000€
Luxury villa hideaway in Son Font Hideaway – nature meets the sea. In a special location in the gentle picturesque corner of Calvia, this place of tranquility, the vision, the retreat – a rest for soul and body only 25 minutes from Palma. The horizontal architecture makes a unique connection with nature. High-quality natural materials that harmonize perfectly with each other make an unforgettable impression in the interior and exterior. Huge windows together with freestanding walls create a harmonious rhythm and provide a light, free and comfortable living feeling. 300m2 of living space, 8000 m2 of land. 4 bedrooms, 3 bathrooms, all spacious, cinema room, fitness and much more. 250m2 of terraces with the view of the sea and mountains all the way to Ibiza. Here you can experience in an exclusive privacy heaven, sea and nature of Mallorca.
Ref: 11872
Bedrooms: 2
Bathrooms: 2
Build: 80m2
495,000€
Charming Mediterranean style apartment with sea views in Cala Fornells Charming Mediterranean style apartment with sea views in Cala Fornells. This beautiful apartment consists of 80m2 distributed in 2 bedrooms, 2 bathrooms, kitchen opens onto the bright living room fully furnished and equipped with access to a large terrace of 38m2 with outdoor shower where you can enjoy wonderful views of the Mediterranean Sea. This apartment is located in a community of apartments with more typical Mediterranean charm of the area, has a communal pool and relaxation areas. Located in a residential area with a particularly Mediterranean charm very quiet to live, just minutes from several beaches and the center of Paguera where you can find all the necessary services to. Ideal as a holiday apartment !!!
P U I G D E S C A S T E L L E T. 1 - 2 , B L . 3 , 0 7 1 8 0 S A N TA P O S A , M A L L O R C A (+34) 971 695 912 • INFO@SGI-MALLORCA.COM
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Impressive Country Finca - Consell www.theolivepress.es
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Property
Mallorca is cracking down on tourist rentals this summer
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April 26th - May 9th 2018 May 2018
Locked out
ALMA will become the first Spanish city to ban short-term tourist rentals. The legislation aims to combat mass tourism on the island which has led to overcrowding and soaring rental costs for locals. During 2015 and 2017, the number of
unregistered short-let apartments on the island grew 50% to reach 20,000. Out of the 20,000 available, only 645 properties were found to have the correct licences. “Palma has always been a bold and diverse city,” said Mayor Antoni Noguera. “We believe it will set a
trend in other cities when they see that finding a balance is key.” According to the proposed new law, which is set to come in this July, only detached, single-family homes will be available as tourist rentals. There will be a complete ban on apartments in blocks of flats. Family homes will be banned from renting if they sit on protected rural land, or are near the airport or in non-residential areas. In Palma there are roughly 180,000 homes, of which 23,000 are single-family and therefore potentially unaffected by the new law. “There is a parallel between the evolution of vacation rentals and the rise in rental prices,” said Jose Hila, the former mayor of Palma. “This decision is meant to protect residents as tourist accommodation affects the makeup of buildings and neighbourhoods and it also affects social harmony.” reveal that 70% of visiThe island’s Ombudsman tors last summer were has seen a steep rise in the families or adult counumber of complaints filed ples. Business travel by residents complaining and corporate tourism about tourists renting in their are also making a comebuildings. It soared from 42 back in the former hellin 2015 to 192 in 2017. raisers’ holiday resort.
Momentum in ‘the Mag’ 7 Beds ● 6 Baths ● 700 m²- Living ● 21.000 m² Plot ● Pool ● €3. 250.000 ● Ref: 16007 Classic Mallorquin finca located amidst vineyards and peaceful countryside, just 20 minutes from Palma at the foot of the Tramuntana Mountain Range. Providing everything you need for a dream-house country hideaway with a tree-lined driveway, helipad, flood-lit tennis court, salt water pool, jacuzzi, summer house (75 sqm) with bbq, double garage with pit, separate guest house. Plenty of room for horses.
For more information please contact Amanda J Butler www.mjcassociates.net, email: ajb@mjcassociates.net or tel: (+34)690075169.
THE residents of Magaluf have taken another step in reclaiming their town from tourists with a mega shopping centre set to open in July. The 5,000m2 Momentum Plaza (right) is part of 200 million euros of funding for the town generated by hotel company Melia. Open year-round, the aim is to encourage Magaluf residents to spend their money in town outside the traditional tourist season. Mango, Springfield, Women’s Secret, Udon and Starbucks are among the brand names opening stores in the new centre, along with a
Santa Ponsa: new build sea view Villa near Port Adriano Marina, const. area 540 m2, plot 1020 m2, 4 bed, 4 bath, pool, underfloor hea�ng, A/C, double garage, Ref. 1577, PoA €
new luxury hotel. Magaluf is attempting to attract different kinds of tourists to the resort and appears to be achieving some success. Figures from the local hotel association
Port Andratx: reformed apartment in first sea line, const. area approx. 108 m2, 1 bedroom, 2 bath, port views, high quality open plan kitchen, air con, Ref. 1574, 575.000 €
FARA HOMES, Calle Cristobal Colon 1, 07157 Port Andratx, Tel. +34 971 672 455, info@fara-homes.com, www.fara-homes.com
Property
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Iconic Spanish hotel receives €99 million makeover
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HE Ritz Madrid is the most iconic of all the hotels left behind by King Alfonso XIII - and the already palatial establishment is now getting a €99 million makeover. The hotel closed at the beginning of March to receive the refurb from the Mandarin Oriental Group. The upgrades include the reinstatement of a glass roof in the centre of the property, a basement spa and pool and a royal suite overlooking the Prado, the city’s eminent museum which houses numerous pieces by Goya and Velázquez. The much-loved terrace gar-
Spritz up the Ritz
Alfonso wanted a hotel to rival stately counterparts in London and Paris den at the front of the hotel will stay, while the restaurant will move back to its original site. King Alfonso began commissioning parador hotels - lodgings in historic buildings - in 1926. He is forever immortalised in the Alfonso XIII in Sevilla, a Mudejar-style palace full of azulejo tiles and minarets, which he had built for the 1929 Expo. But the Ritz Madrid was his greatest legacy. Alfonso wanted a hotel to rival stately counterparts in the likes of London and Paris, so he commissioned French
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April 26th - May 9th 2018 May 2018
FIT FOR ROYALTY: The palatial pad is getting a pricey makover for next year
architect Charles Mewes to design a new grand project in the capital in 1908. The finest of fashions were selected: heavypile, richly patterned carpets woven in the local Royal Tapestry Factory (which have
remained in place until today); mirrors from Pereantón; china by Limoges. Its high standards were unparalleled in the city, and a who’s who from the Roaring Twenties to the Noughties have checked in over
the years, including Eva Perón and Madonna, Gabriel Garcia Márquez and Salvador Dalí (after whom a cocktail is named). The work is expected to be completed by late 2019.
CG Property C/ Julia Bujosa Batle, 6 07184, Calvía Mallorca Tel: (+34) 971 670 300 Mob: (+34) 628 196 939
www.gc-property.com
Calvia – 2,775,000€
ref: CT62
A charming property on the outskirts of Calvia village with a large 40,000m2 approx plot. The property has a total construction of 500m2 which is split between 2 fincas. The main finca on the ground floor has a large lounge with fireplace, and dining area overlooking the orange & almond grove. There is also a modern kitchen, bathroom and study (which could be used as a bedroom). Upstairs you find the large master bedroom with terrace, fireplace and ensuite. The second finca has a kitchen with fireplace and 2 bedrooms with ensuite on the ground floor, whilst upstairs is a lounge, terrace and a further 2 bedrooms which share a bathroom. The property has a private pool, orange grove, garage, storerooms, central heating and a/c throughout. The property also benefits from its own water supply as well.
Genova – 2,850,000€
ref: GEN4
Lovingly restored historical villa in Genova with fantastic views and many original features. The main house has a total of 3 bedrooms (all ensuite), huge lounge with fireplace, dining room, tv room, kitchen with adjoining mini lounge and dining room, 2 wcs & laundry. There is a separate guest apartment with kitchen, lounge, bedroom & bathroom, plus an additional guest bedroom & bathroom currently used as a gym. Outside there is a beautiful pool with sea views and various terrace & eating areas. Other features are central heating, a/c, parking, Mallorquin oven ++. Must be seen!
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April 26thMarch - May2018 9th 2018