Palma's "great location" could attract investors

The Mallorcan capital of Palma could be an ideal location for property buyers looking to make investments abroad, one newspaper has claimed.

According to the Times, the city's "great location" and "fantastic climate" make it attractive to investors, including London lawyer Julian Harris, who recently purchased two more flats after buying his first property in the city five years ago.

"Palma is an incredibly attractive city, right on the sea, with a perfect climate and everything you want commercially and culturally," he told the news source, adding that he plans to rent out his new purchases - which he bought for £420,000 each - in long-term lets for £1,000 per month.

Those looking to purchase something cheaper may also be interested to note that the recent property downturn means that one and two-bedroom flats can be bought for between £150,000 and £200,000.

Property firm Andalucian Dream Homes recently launched a new website, which may be of interest to investors thinking of buying property in the Costa del Sol region of Spain.