Having been approved by the Balearic Government Port Authority back in December 2014, expansion works are now underway at Port Andratx. The seven new superyacht berths will help meet growing demand from the many wealthy individuals who flock to this classy southwest Mallorca resort.
Lorenzo Vila, Director of 25-year-established easyboats, comments, “Not only is our business based in Port Andratx, but we were born and raised here, so we have seen the transformation from humble fishing village to millionaires’, and billionaires’, playground. While the fishing industry still very much exists, the Port’s image is now very upscale with high-end restaurants, eight-figure-price-tag villas and superyachts on the scene. These new berths, which range between 26 and 30 metres, are much-needed and we’ve already reserved one for an easyboats client – who happens to be a billionaire from northern Europe.”
At a budget of almost two million euros, the seven-berth expansion also adds 34 new car parking spaces, with the extended quay having the spinoff benefit of reducing the swell coming into the Port for other marina users.
This news comes in a purple patch for Port Andratx with specialist property valuation consultancy Tinsa placing the area at third position in its top ten property hotspots in Spain. Beaten only by Sitges (€2,694 per square metre) and Calvia (€2,520 per square metre), Andratx’s property values were said to average €2,422 per square metre.
“The reality is that the price square metre can easily be far higher than that suggested by Tinsa,” says Xisco Vila, Director of property developers Vila Brothers, a sister company to easyboats. “The homes we handle in prime waterfront locations can command around 12,000 or 14,000 euros per square metre, as the kind of clientele we attract has a money-no-object approach when it comes to choosing a perfect home. Whether from Northern Europe or the United States, many lose their hearts to Port Andratx and we all know what happens when the heart rules the head...”
Just last week, Vila Brothers secured planning permission for a new-build five-bedroom villa within walking distance of the Yacht Club in Port Andratx. Construction will commence shortly.