Magaluf moves up The foam party could be over in Mallorca’s most notorious resort, fondly known as “Shagaluf”. Beachfront one-bedders can be had for €100,000 — but get in fast, as Magaluf is undergoing an Ibiza-style makeover. Grotty hotels and underage drinking dens are being shut down, with five-star hotels and trendy clubs such as the Zhero Boathouse moving in. Chalet Brexit We’re almost at the end of a ski season that has seen developers amend their plans to meet British buyers’ reduced spending. One developer, who was planning a €2.2m mega-chalet beside the piste in Kaprun, Austria, changed his design to three smaller homes when it failed to sell, according to Giles Gale, managing director of…

Source: The Times April 08, 2017 22:56 UTC