Among the speakers were representatives of Tecnitasa, a Palma-based valuation consultancy. Reflecting on the luxury sector, the central theme for the summit, José Antonio Muro said that investors in the luxury sector still see a long way to go before comparing Mallorca with London, Paris or New York. Nevertheless, Luis Díaz observed: "There is a great demand to live in paradise."
The future of luxury will be in the countryside. Mallorca and the Balearics are destined to be a bucolic refuge for the super-rich from around the world. "Whether we like it or not, Mallorca is going to be the next Saint-Tropez."
Enrique López of Caledonian explained that his company, which specialises in unique and high-end projects, will "shortly" be entering the Mallorcan market, where there are "exceptional conditions" for the profile of the company's buildings.
He was one to highlight a problem facing the real-estate sector - the lack of qualified workers. There has been a generational change. Jordi Castiñeira of KPMG Spain noted: "In 2007 the average age of bricklayers was 39.9 years; today it is 48.1."
As for the property market in general, Judit Montoriol of CaixaBank referred to a "contained cooling in demand" following an explosive 2022 and the upward spiral in prices in the Balearics. Even with this cooling, "house prices will continue to grow steadily over the coming years".
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TDIt's not about being "woke" or "socialist". It's the steady stream of bullshit that seems to be increasingly acceptable. Why does anything have to be true, as long as it's what one *wants* to believe? Even when it's patently absurd. Regardless of which "tribe" you subscribe to, you just can't believe anything anymore, because bullshit is becoming widely acceptable. That can't possibly solve anything. And it's not going to make anything better.
How can anyone disagree with what James Walker said? God there are some pathetic woke people out there.
When I saw the headline it struck a memory. My first season as a yachtie in 1979 was in the south of France and I remember thinking - this is how Mallorca will be one day . After the death of Franco in 75 things were starting to change but burros could still be seen working the fields, cigs and a brandy just a few pesetas. You could drive into Palma old town and park. Happy Days.
I don't often agree with Zoltan, but on this occasion I do. Mallorca is nowhere near as safe as it was 10 years ago. The socialist PSOE made most of Palma and it's suburbs sh€thol*s. And with immigrants allover the place thinking they can act like there still in the 3rd world, we have bigger crime rates. I'm lucky to live in a village away from all this, Spain is in decline just like all the other EU countries. Sad but true.
That's what I think when I walk round Son Gotleu, Corea, La Soledad etc - this is just like Saint Tropez.