Mallorca's rental property market increases

With a 39% increase from Q1 2010 according to latest data from HomeAway Holiday Rentals.

Ignacio Osle, Sales and Marketing Director of Taylor Wimpey de España, one of Spain's leading house builders, explains:

"Over the last 12 months we have seen both visitor numbers and enquiries for property in Mallorca rise steadily. Buyers from the UK and Europe are not only looking at the traditional property hotspots on the mainland but further afield to Spain's stunning islands such as Mallorca."

And stunning is certainly one way to describe Mallorca. With its dazzling white sandy beaches, secluded coves, picturesque mountains, traditional architecture and abundance of amenities and leisure activities to suite every need, not to mention its superb climate, perfect for topping up your tan, it's no wonder Mallorca attracts millions of visitors year after year creating a thriving tourist as well as rental accommodation market.

Providing a further boost to Mallorca's visitor numbers in 2011, Monarch Airlines is increasing its programme of flights from the UK to Mallorca from April in response to customer demand as well as Aer Lingus adding a twice-weekly service from Cork in southern Ireland to Palma de Mallorca.

This news is certainly positive for all at Taylor Wimpey de España.

Ignacio Osle states:

"Mallorca is quite rightly seen as a jewel in the Mediterranean. The Irish - coming from their own Emerald Isle - have always enjoyed Mallorca and it is great news that it will now be even easier for them to travel here."

But it's not just the frequency and ease of low cost flights to the island or sizzling hot weather and stunning scenery that will be attracting visitors this year.

Mallorca's buy-to-let property owners will be excited to learn that Mallorca will be hosting one of the world's biggest yachting events, the Global Ocean Race 2011-12, which will lure thousands of sports fans from across the globe to the island, providing a further boost to the rental market.

The booming Mallorcan holiday home market provides the perfect opportunity for anyone seeking to buy a property and generate rental income. According HomeAway Holiday Rentals, a two bedroom property yields an average of £700 per week and a three bedroom property an average of £1,000 per week in rental income.

For potential buy-to-let investors Taylor Wimpey de España has launched a luxurious new residential development, Aires de Pollensa, just minutes from Pollensa beach in the north of the island.