13/02/2017 00:00
Palma is on course to be the new "Monaco" one leading local estate agent told me recently. I totally agree our capital city is looking exceptionally good and just recently it was voted the best place to live in the world by The Sunday Times. But there could be a danger. Is Palma starting to price itself out of the market?
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Resorts, which resorts ? Some of them, if not most are a lot more expensive than Palma. Last weekend I was up in Puerto Pollensa, and was charged, by a bar on the sea front, € 4 for two cortados, and it wasn´t one of the famous chain that starts with a C.
You can still get a menu del dia for 9 bucks, In Santa Catalina market, whole fried squid, couldn't be fresher, 6 bucks, coffee is around 1.50 almost every where. Still way cheaper than London on average....but there are plenty of wealthy people in Palma, and Mallorca in general, enough to support some high end eateries. Leave it to the market to find a level.
Jason - please don't use the word 'control' any more. That's the only way this loony government pact operates. Tax the restaurants that charge too much? Not the thing to do. Market forces will decide whether their prices are extortionate. If the food is deemed worth it to the rich, they will pay it whatever. If not the businesses will fold - as what generally happens in Palma. I am in Edinburgh at the moment and just like London all the restaurants and coffee bars are booming. Plenty of jobs and money about. And this in a country which is supposed to be broke!! And by the way - the flights out and in were almost empty. Why are the tourists not coming to Mallorca in spite of the promise the airlines made to put on winter flights??