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Mallorca (or Majorca) is the largest of the Balearic Islands. It is located in the Mediterranean Sea, off Valencia and Barcelona. The island has currently over 900,000 permanent inhabitants. Its capital is Palma. It comprises 6 main regions: Serra de Tramuntana (mountains, to the north), Ponent (to the southwest), Raiguer (farmland and vineyards at the foot of the mountain), Pla (center), Migjorn (south-east), Llevant (east) and the city of Palma. Catalan is the official language with Castilian.
Picturesque villages and nature reserves, various traces of past art and cultures, a multitude of outdoor sport options like cycling, walking and hiking
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Sam is Chestertons International Network Development Manager, managing 12 global associate offices. With experience in franchising and a passion for geopolitical nuances, Sam implements policies, conducts international sales and helps expand direct marketing campaigns throughout the Chestertons global network.
Mallorca's traditional agricultural activity is centered on plant-based productions: wine (Binissalem), almonds, olives, and some vegetables. But about 70% of its gross domestic product comes from tourism, developed from the 1960s onwards. In 2018 a record of 13,9 million tourists visited the island of Majorca, the majority of these being foreign tourists coming mainly from (in order of importance) Germany, the United Kingdom, the Nordic countries, France, but also in lesser number, from Switzerland, the Netherlands, Austria, and Italy.
If in the mind of many, Mallorca can indeed be synonymous with uncontrolled mass tourism attracted by the many island’s beach resorts, sheltered coves and mild climate -and this at an average of 2 hours flying time from most major European cities-, Majorca has another face contradicting this vision: preserved agricultural and picturesque villages and nature reserves, various traces of past art and cultures, a multitude of outdoor sport options like cycling, walking and hiking especially in the mountainous areas of the Tramuntana range, awarded World Heritage Status by UNESCO as a site of great natural and cultural significance.
As for Mallorca’s capital, Palma, it is the main city of the island and the capital of the autonomous community of the Balearic Islands. It is located on the south of the island and at the bottom of the bay to which it gives its name. Its main economic resource is also tourism. Like the rest of the island, it welcomes a large number of visitors attracted by its exceptional geographical position, its good level of security and its cultural charms and curiosities. As a matter of fact, the Palmesans themselves are quite proud of owning some of the largest gothic architectural treasures of Europe such as the colossal silhouettes of the La Seu cathedral and the ancient royal Arab palace of La Almudaina, carved in the luminous ocher of the Majorcan sandstone.
The island offers a wide range of real estate opportunities to be considered for a retirement or holiday home, as rental investments, or commercial development, and Mallorca offers entitlement to a Golden Visa for non-EU and high investment potentials as from 500,000 euros.