Property Market
Mallorca
Mallorca Real Estate Invest
If you want to buy property in Mallorca, there are many attractive options. Whether you want to buy a villa, house or apartment, the real estate market in Mallorca offers a wide variety of options. Property prices in Mallorca vary depending on the location and amenities, but the market is showing a positive trend for 2024.
Investing in Mallorca property can be worthwhile, especially if you are looking to buy a holiday home. Holiday homes are not only popular as holiday homes, but also offer good rental opportunities. Real estate agents in Mallorca can help you find the best deals and guide you through the buying process.
In addition, there are many exciting new developments in Mallorca that offer modern amenities and attractive locations. Careful market analysis and cooperation with experienced agents can help you find the right property and make a successful investment.
The Property Market
Mallorca has recorded almost continuous increases in value over the past ten years. For example, the average price growth between 2013 and 2023 was around 74 percent. In 2023, the average purchase price of brokered properties rose by 14 percent compared to the previous year, from 1.64 million euros to 1.88 million euros.
Mallorca is booming. The number of visitors is at an absolute record level and the real estate market is also unimpressed by the global challenges. In Mallorca, the average price per square metre for a holiday property in January 2024 was around 5,800 euros. This is 1.7 percent more than in the previous year and shows a high degree of stability compared to the German real estate market. The luxury segment remains the price driver with an increase of 13 percent. For top sea views, you even have to pay up to 18.8 percent more. The most expensive region continues to be the southwest, closely followed by the increasingly popular Palma City. While prices are rising, the number of properties for sale continues to decrease. In the luxury segment, the market is almost empty. Experts do not see an end to the price increases.
The complete study by the Center for Real Estate Studies (CRES) at the Steinbeis School for Real Estate and Management (SREM), 79098 Freiburg, Germany, can be downloaded free of charge below.
Mallorca in the southwest
Between Palma and Andratx
Between the towns of Palma and Andratx lies a true paradise for those seeking relaxation and sports enthusiasts. The region is peppered with idyllic little bays that invite you to linger and enjoy. Golf lovers will get their money's worth on the numerous golf courses, including the renowned Golf de Andratx, which inspires with its breathtaking scenery and challenging fairways.
Not to be forgotten is the luxury marina Puerto Portals, which is not only a magnet for luxury yachts, but also offers a variety of leisure activities. The port is the perfect starting point for sailing trips along the coast of Mallorca and to other islands of the Balearic Islands. The proximity to Palma, combined with the quiet and exclusive atmosphere, makes this region a sought-after destination for those looking for something special. Whether you want to spend a relaxing day at the beach, improve your handicap on the golf course or unwind in one of the luxurious spas, the region between Palma and Andratx has something for everyone. With such an abundance of options, it's no wonder this area is considered the jewel of the Balearic Islands.
