Magaluf is a large tourist resort area southwest of Palma on the island of Mallorca. It is one of the main tourist centres on the island, and offers investors in Spanish property a good opportunity to acquire high yield rental apartments and villas. The resort is particularly popular with the 18-30 crowd, and provides a great variety of adult-oriented entertainment, bars, discos and clubs. The BCM Club, with its three million gallons of foam, is a big favourite for those partying through the night.
The majority of Spanish property in Magaluf itself comprises of apartments and hotel blocks. Along with Playa Palma and Arenal, Magaluf underwent major unchecked development in the 60s and 70s, which has led to the towering high rises that now line the front at Magaluf.
Under the gaze of Magaluf's developments is the wonderful sandy beach. This is a busy stretch of sand during the day and throughout the evening, with activities as diverse as jet skiing, paracending and doughnuting available to all those who want to give it a go. The beach is also frequently lined with tourists nursing hangovers from the night before!
Opportunities to own Magaluf property are numerous. Apartments along the seafront are the type of Magaluf property which is most sought after by buyers and renters alike. Apartments to the north of the town that do not have a sea view tend to be less expensive, starting at around €115,000 euros. There are a number of new property developments in Magaluf and nearby Palma Nova worth considering too. In the surrounding countryside you may find suitable plots of land on which to build a villa in Spain.
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