Mallorca property Market 2023 - 2024 Forecast
Mallorca continues to report the highest property prices in Spain and they increase every year despite factors like rising inflation and the European energy crisis. Today, we want to provide the most relevant information on property prices in Mallorca in 2023, as well as share expert opinions and predictions from some of the best analytical companies in the market.
Insights into Mallorca’s Real Estate Market in 2023
- What is the average price per square meter for a house in Mallorca in 2023?
- What are the factors that are driving up property prices in Mallorca?
- Why are property prices in Mallorca growing the fastest in Spain?
- What are the current property prices in Mallorca by location?
- How does Europe’s inflation affect the real estate market in Mallorca?
- What is happening to house prices in Mallorca? What is the forecast for 2023?
- What types of property are in demand in Mallorca and why?
- How many property transactions took place in Mallorca in 2021-2023?
- Who buys property in Mallorca?
- What types of real estate were bought in Mallorca in 2023?
- What is happening in Mallorca's secondary housing market?
- What is happening in Mallorca's new housing market?
- What are the rental prices in Mallorca? What is the trend?
- Where are the most reliable investments in Mallorca?
- How expensive is real estate in Mallorca?
Mallorca, the capital island of the Balearic Islands in Spain, is a popular destination for investors looking for a reliable and steadily growing real estate market. The island has a worldwide reputation as an elite resort, and its real estate market has proven to be resilient to crises and global economic downturns.
With insights into the real estate market, we have a deep understanding of the factors that drive property prices in Mallorca.We’ve collected data to study the cause-and-effect relationships of real estate prices in Mallorca and provide detailed predictions of Mallorca’s property prices.
If you are considering investing in real estate in Mallorca, we would be happy to help you assess your options and make the best decision for your investment goals.
What is the average price per square meter for a house in Mallorca in 2023?
The Balearic Islands have long been a leader in the European real estate market, and Mallorca is no exception. Even during the pandemic, the real estate market in Mallorca grew positively by 1.2% in 2021.Meanwhile, the European real estate market showed a decline.
In January 2023, the average price per m2 of property was 3,706 euros in Mallorca. This represents an average annual price increase of 10.5%, up from 3,459 euros per square meter at the beginning of 2022.
These figures suggest that the Mallorca real estate market is still a strong performer, even in the face of global economic challenges. The island's attractive location, mild climate, and high quality of life continue to attract buyers from around the world.
The average cost of real estate increased by 5% in 2022 in Spain, but in Mallorca, prices increased by 1.0% in the first few months of 2023. This is the highest increase in real estate prices in Spain, and it is likely due to the island's popularity as a tourist destination and its mild climate.
The European real estate market has been negatively affected by inflation, rising energy prices, and the unstable geopolitical situation in Ukraine. In Germany, mortgage rates have increased, which has led to a drop in the cost of housing and the number of transactions. This has especially affected those who have chosen a variable interest rate.As a result, the value of German real estate has fallen by 50%.
What are the factors that are driving up property prices in Mallorca?
Considering all this, you may be wondering how Mallorca real estate has maintained its steady price increase. Well, it may be due to permanent and situational reasons. Here’s an overview:
- Mallorca enjoys an average of 330 sunny days per year, making it a popular destination.
- Mallorca is a relatively unspoiled island, with a clean environment and a lack of destructive industries.
- Positive media attention and active advertising.
- Mallorca has a relatively low crime rate, and security has increased.
- Mallorca is known for its luxurious resorts and high-end amenities.
- Some of the most stunning beaches are located on the island.
- The regional government of Mallorca has taken steps to increase the investment attractiveness of the region, such as offering tax breaks and other incentives to investors.
- Mallorca is a popular destination for celebrities.
- Mallorca is home to a large international community.
- It’s easily accessible from anywhere in Europe, with fast and budget-friendly flights.
- The cost of living in Mallorca is relatively low, and the food is fresh and delicious, as many of the products are produced locally.
- Mallorca is physically separated from the mainland, so it’s a bit remote and isolated.
- It has a warm climate, so Mallorca doesn’t rely on fossil fuels or heating as much as other countries.
- Mallorca’s police force is committed to improving security, thus causing a decrease in crime rates and making it a safer place.
- The government of Mallorca has introduced several measures to help people cope with the rising cost of living.
- Such as reducing the cost of fuel and VAT on food.
- Mallorca offers a "golden visa" program, which allows foreigners to obtain a residence permit in exchange for investing in the island.
- The demand for property in Mallorca is very high, and the supply is relatively low.
Why are property prices in Mallorca growing the fastest in Spain?
Top 10 Regions with the Highest Property Prices in Spain
|Region||Price per m2 - Jan 2023||Price per m2 - Jan 2022||Total deviation in a year|
|Baleares||3.706 €/m2||3.319 €/m2||+ 10,5%|
|Madrid||3.122 €/m2||2.938 €/m2||+ 6,3%|
|Euskadi||2.783 €/m2||2.706 €/m2||+ 2,8%|
|Canarias||2.083 €/m2||1.952 €/m2||+ 6,7%|
|Melilla||1.874 €/m2||1.840 €/m2||+ 1,8%|
|Andalucía||1.866 €/m2||1.766 €/m2||+ 5,7%|
|Comunitat Valenciana||1.643 €/m2||1.488 €/m2||+ 10,4%|
|Navarra||1.562 €/m2||1.491 €/m2||+ 4,8%|
|Cantabria||1.505 €/m2||1.478 €/m2||+ 1,8%|
|Murcia||1.103 €/m2||1.071 €/m2||+ 2,9%|
This is based on data from Spain’s National Institute of Statistics (INE).
Mallorca's real estate market experienced the highest growth in Spain in 2022, with prices increasing by a record 10.5%. This growth was significantly higher than the growth seen in other major Spanish cities, such as Madrid (6.3%), the Canary Islands (6.7%), and Valencia (10.4%).
According to Idealista, the average price per square meter of housing in Mallorca in January 2023 was 3,706 euros. This compares to an average price of 3,459 euros per square meter in the Balearic Islands in 2022.
This growth is likely due to several factors, including the island's popularity as a tourist destination, its mild climate, and its high quality of life.
The average price of real estate in Mallorca is significantly higher than the average price of real estate in mainland Spain. In January 2023, the average price per square meter in Spain was 1,921 euros, while the average price per square meter in Mallorca was 3,706 euros. This represents a difference of 48%.
While some people believe that the difference in price between Mallorca and mainland Spain is due to the island's limited landmass, this isn’t the case. Mallorca has plenty of land available for development, and there are many opportunities for construction.
The real reason for the price difference is the island's favorable investment climate and the reliability of its real estate market. These factors make Mallorca a desirable place to invest in real estate, and they are likely to continue to drive up prices in the future.
What are the current property prices in Mallorca by location?
|Location||Price per 1 m2 in January 2022||Price per 1 m2 in January 2023||1 year deviation|
|Palma de Mallorca||3.431 €/m2||3.587 €/m2||+ 10,8%|
|Santa Ponsa||5.396 €/m2||5.554 €/m2||+ 15%|
|Andratx||5.263 €/m2||5.279 €/m2||+ 1,6%|
|Alcúdia||3.222 €/m2||3.510 €/m2||+ 12%|
|Felanitx||1.495 €/m2||1.630 €/m2||+ 9,7%|
|Llucmajor||2.892 €/m2||3.147 €/m2||+ 9,1%|
|Marratxi||2.645 €/m2||2.688 €/m2||+ 11,9%|
|El Toro||5.146 €/m2||5.937 €/m2||+ 26,2%|
|Palmanova||5.155 €/m2||5.293 €/m2||+ 25%|
|Cala Vinyes||5.460 €/m2||5.541 €/m2||+ 15,8%|
|Sol de Mallorca||5.801 €/m2||6.489 €/m2||+ 13,4%|
|Portals Nous - Bendinat||7.587 €/m2||8.113 €/m2||+ 24,3%|
|Calvià||4.284 €/m2||4.576 €/m2||+ 11,6%|
|S'Arenal-Son Verí||2.519 €/m2||2.550 €/m2||- 2%|
|Son Vida||6.196 €/m2||7.290 €/m2||+ 15,4%|
|Valldemossa||3.854 €/m2||3.869 €/m2||-3.7%|
|Manacor||1.608 €/m2||1.796 €/m2||+2.8%|
|Sa Ràpita||3.702 €/m2||3.685 €/m2||+25.4%|
|Binissalem||1.849 €/m2||2.419 €/m2||-11%|
Statistics were obtained from portals like Idealista and Betterplace.
How does Europe’s inflation affect the real estate market in Mallorca?
Impact on Spain’s Real Estate Market
The increase in inflation could harm the real estate market in Spain. Some experts predict that demand for real estate in the country could decline by up to 15% in 2023. This is because rising inflation could reduce people's purchasing power, making it more difficult for them to afford to buy a home.
Another factor that could hurt the real estate market is the increase in mortgage interest rates. Mortgage rates are already rising, and they are expected to continue to rise in the coming months. This could make it more expensive to borrow money to buy a home, which could also reduce demand for real estate.
The Spanish government has taken some measures to try to mitigate the impact of inflation on the real estate market. These measures include increasing the supply of affordable housing and providing tax breaks for first-time homebuyers. However, it is still too early to say whether these measures will be enough to prevent a decline in the real estate market.
Overall, the outlook for the Spanish real estate market in 2023 is uncertain. The increase in inflation and mortgage rates could hurt demand, but the government's measures could help to mitigate these effects.
Measures of containment
- In July 2021, VAT on electricity was reduced from 21 to 10 percent.
- In April 2022, the first measure package was introduced.
- In July 2022, the government introduced a second measure package.
- In June 2022, the “Iberian exception” was approved, capping the price of natural gas.
- VAT on food and essential goods was also reduced.
- The government announced partial coverage of the costs of fuel.
- Interest rate growth on mortgages was contained.
- Some of the measures that end on December 31 may get extended and additional measures may be introduced.
- The dynamic of electricity and gas prices.
- Significant changes in recent months.
- The banking sector is feeling the pressure of the economic crisis.
- Ukraine and Eastern Europe’s growing conflict.
Impact on Mallorca’s Real Estate Market
When it comes to Mallorca, the Eastern European conflict may also affect the real estate market. Even considering the decrease in demand, Mallorca’s real estate market is projected to see continuous growth.
- Little geopolitical tension.
- Increased numbers of foreign investors in the population.
- New measures are being introduced to contain the economy.
- New season starting in 2023.
- Mallorca real estate is popular among wealthy people and celebrities.
- Private sector accumulated funds during the pandemic, 2020 to 2021 period.
- Positive dynamics have been maintained in Mallorca’s real estate growth. Some regions enjoy more growth than mortgage rates and inflation.
- Introduction of the digital nomad visa, which may attract remote workers from Europe and the world to the island.
- Increased mortgage rates.
- Increased inflation.
- Eastern European conflict.
- Euribor value increase.
The market for new buildings received the most direct inflation impact. The cost of materials, transportation, and other factors has increased the cost of new houses for sale in Mallorca. As such, the cost of new buildings has increased by 11% since the end of 2022.
The complicated situation in the European real estate market has made people cautious. In rare cases, there has been a short-term decline in real estate prices in Mallorca. Investors with a long track record, years of experience, and an understanding of the real estate market in Mallorca have taken advantage of the situation
Considering this reality, buying a property in Mallorca is the best way to save money. When European inflation’s growth rate slows down, purchasing real estate can be done. However, this won’t last long, as Mallorca’s real estate prices start to rise during the high season.
What is happening to house prices in Mallorca? What is the forecast for 2023?
Most of the experts in real estate predicted that house prices and sales numbers would rise in 2022 in the Balearic Islands. Simultaneously, the majority of the predictions made were modest, reaching a maximum of 7%. The reason for the modesty was the risk of potential COVID-19 lockdowns. However, 2022 was not defined by the pandemic, but by the conflict in Ukraine and the energy crisis in Europe.
Real estate value dropped once again in mainland Spain, but the Balearic Islands showed an increase in transactions by over 14.5%. The average cost of 1 square meter in Mallorca in 2022 rose by a record 10.5%, which is up to 3.706 €/m2. By the time 2022 came to an end, the Balearic Islands saw 17,616 real estate transactions with purchases and sales. The analytical company Atlas Real Estate Analytics predicted that real estate prices will continue like this in Mallorca in 2023, even if it’s possible that the number of transactions would decrease.
This is possible because, back in 2022, there was an increase in demand and, therefore, a lot more transactions in the real estate market. In 2023, experts project at least 14,868 transactions, which is considered ordinary in the Balearic Islands. This means that Mallorca will maintain high real estate prices and continue growing steadily. It’s worth noting that La Asociación de Agents Inmobiliarios de Baleares provides a different prediction. They predict that Mallorca’s real estate market will show continuous growth in 2023, not just for sales, but also for rentals.
One of the most essential factors that indicate the rise of real estate prices in Mallorca is the result of real estate sales in 2022. Foreigners accounted for 35.10% of all real estate transactions in the Balearic Islands in 2022, but this figure is likely skewed by the popularity of Mallorca among foreign buyers. In other words, the Balearic Islands are the most attractive autonomous Spanish region for foreign investors and real estate buyers.
Purchases made by foreigners in autonomous Spanish regions
In the last year, the percentage of real estate transactions made by foreigners has increased by 4.6% and it continues to do so. Something of note here is that a lot of foreigners buy real estate in Mallorca without using a mortgage. That said, the Association of Registrars of the Balearic Islands predicts that there may be a decrease in sales come winter 2023. This is due to inflation and uncertainty surrounding the Ukraine conflict.
What types of property are in demand in Mallorca and why?
Earlier in this report, we discussed how the crisis affected the buyer choice trends in the period of 2021 and 2022. After 2021, buyers seem more likely to veer towards properties such as Planta Baja, which offers private outdoor space with a garden. They’ve also shown more interest in detached houses on the secondary market that can be reconstructed and land plots that offer ready-made construction projects.
Throughout the year 2022, buyers placed their focus on other types of real estate properties. The most popular type of property in Mallorca is apartments in new houses, as new buildings became the flagship of real estate sales. The Yes! Mallorca Property real estate agency shared an assessment that revealed that every fourth purchase request was made for a new building. Not even the increased production costs have deterred buyers from focusing on new buildings. That’s because they understand that, once the commission is deducted, the cost of the new building exceeds the cost of purchase.
It’s also of note that the price range with the most demand on the market is 300,000 to 650,000 euros. The main reason for this is that most buyers are foreigners and they don’t use mortgages. Another popular segment is the luxury one, which continues to thrive in Mallorca. Regardless of the state of the global economy, fincas, exclusive apartments, and expensive villas have no issue finding buyers in Mallorca’s real estate market.
How many property transactions took place in Mallorca in 2021-2023?
Based on information and statistics offered by the General Council of Notaries and the National Institute of Statistics of Spain (INE), we can see a yearly increase in property transactions in Mallorca.
In 2020, Mallorca had 10.684 transactions. In 2021, this increased by 24.5% with 14.146 transactions. In 2022, there was another increase, this time by 19.7% with 17.616 transactions.
Based on the predictions for 2023, the number of transactions is expected to decrease to 15,000 per year. Simultaneously, real estate prices continue to experience moderate growth in Mallorca.
Who buys property in Mallorca?
Once again, based on information and statistics provided by the National Institute of Statistics of Spain (INE), Germans are the main buyers of real estate in Mallorca with 38% of the transactions. Buyers from the United Kingdom come in second place and they’re responsible for 10% of the transactions.
Another 8% of the transactions go to France, while Italy takes 5% of the transactions. Northern European countries like Sweden, Finland, and Norway account for 4% of the transactions. The other 35% of the transactions have been made by foreigners from other countries.
It’s worth noting that real estate transactions made by foreigners were reduced by 3.19% in the third quarter of 2022. This is due to a planned ban on making real estate sales to foreigners. That being said, 31.46% of real estate buyers until October 2022 were foreigners. This means that every third transaction was made by a foreign citizen.
It’s also of note that, before the pandemic hit in 2019, only 1,484 transactions were made by foreigners. This number rose to 6,000 by 2022. Overall, 41% of buyers come from Germany, Belgium, the Netherlands, Switzerland, and Austria. Followed by British people, who, despite Brexit, still invest in Mallorca’s real estate. Also, considering how high energy prices are getting in Europe, the cost of living in Mallorca makes it profitable for the British to invest there.
Scandinavian buyers were a new phenomenon in 2022 as well. Residents of northern countries, which are known for their cold weather, are investing in places with warmer climates. Having the option of using solar panels to power their homes is particularly attractive to them, given the cost of energy. Additionally, electric cars are as popular in Mallorca as traditional cars, which reduces fuel costs as well.
What types of real estate were bought in Mallorca in 2023?
Now that we know who usually buys in Mallorca, let’s see what types of real estate properties they tend to favor. Earlier, we mentioned that during 2022, buyers of real estate in Mallorca favored Planta Baja apartments with private outdoor spaces like gardens. They also gravitated towards affordable houses with a lot of private land, ranging from 250,000 to 500,000 euros. In 2022 as well, growing demand was met with a supply shortage, so things did change.
This shifted the focus to new buildings, as we also mentioned before. This type of property was particularly attractive to investors and foreigners who wanted to keep their savings safe from inflation, which was increasing. After analyzing the Mallorca real estate in 2022 based on data from the INE, here’s an overview of the types of property buyers favored:
|Apartments (Planta Baja, Mid-floor, and Penthouses)||House||Villa||Finca||Land plot||Others|
|Total % of transactions||33%||17%||19%||13%||8%||10%|
|Average value of transactions||350k euros||430k euros||1.545.000 euros||910k euros||430k euros||540k euros|
Here, we have to note that 17.5% of the total transactions made in 2022 represent new buildings. This is a record for Mallorca’s real estate, where building permits have become very challenging due to all the red tape involved in the process.
What is happening in Mallorca's secondary housing market?
The secondary housing market of Mallorca is going through a second rebirth after the COVID-19 pandemic. It’s worth noting that property resales have always had their own corner in the business. Most investors who invested in local properties 5 years ago or more have made over 100% profit from selling.
In 2022, this sector of the real estate market in Mallorca gained a lot of strength. So much so that it led to a shortage of available properties for sale. As a result, many of the biggest real estate agencies focused their efforts on advertising campaigns to attract property owners and find buyers.
With this in mind, the Mallorca real estate market developed a "first come, first served" principle, with buyers who are willing to act quickly and pay the asking price often being the ones who are successful with their purchases. This led to an increase in the use of online viewings and remote transactions, as buyers looked for ways to save time and money.
In the last year and a half, such deals have grown tremendously. Buyers fear missing out on bargains a lot more than they fear losing out on a profitable opportunity for investment. This is due to the fact that predictions for property prices in the Mallorca real estate market suggest that they will continue rising.
What is happening in Mallorca's new housing market?
When compared to prior periods in Mallorca’s real estate market, the number of new construction projects has seen a slight decrease. This is due to new restrictions regarding the size of property constructions, which should take no more than 30% of the land. The construction of swimming pools has also been regulated by the government and tourist licenses are also restricted. Because of this, buyers are more interested in the projects that are already underway.
The percentage of transactions regarding luxury new buildings has increased as well, and the same can be said for the average cost of selling new buildings. To offer a bigger picture, here’s how much the cost of new buildings increased in Mallorca in 2022:
|Mallorca Region||Change in Percentage||Cost increase of 1 m2 in new buildings|
|North||+23%||From 3.765 to 4.630 euros per m2|
|Northeast||+8%||From 4.467 to 4.825 euros per m2|
|Northwest||+6%||From 4.782 to 5.068 euros per m2|
|Palma||+10%||From 5.709 to 6.278 euros per m2|
|South||+19%||From 3.944 to 4.693 euros per m2|
|Southeast||+20%||From 4.852 to 5.822 euros per m2|
|Southwest||+9%||From 7.156 to 7.789 euros per m2|
|Center||+29%||From 3.259 to 4.250 euros per m2|
|Palma||+39%||From 4.577 to 6.362 euros per m2|
As you can see, the southwest region of Mallorca has the highest prices for new homes and it has been that way for a while. Simultaneously, the average price for new constructions rises slower in this region than in others. Palma remains the most popular region and buyers consistently prefer buying new property there because that’s where most of the new projects are.
What are the rental prices in Mallorca? What is the trend?
Rental prices are also rising in Mallorca’s property market, both during the holidays and beyond. That being said, those who own properties in coastal locations don’t seem willing to rent them for long periods of time. This is due to the fact that seasonal rentals are four times the price of long-term rentals. The rental market in Mallorca is dominated by entire season and long-term rentals, as short-term lets are now much less common.
According to information provided by Idealista, a real-estate-dedicated website, the average housing cost in Mallorca is based on square meters. As of January 1, 2023, the cost per square meter was 13.8 euros. This is 16.7% higher than the average annual rate in 2022. In contrast, March 2022 saw that the average rental price per square meter was 11.5 euros. In mainland Spain, the value is higher, at 2.4 euros per square meter while the cost in the Canary Islands is 2 euros per square meter.
Analyzing this segment of the market proves that Mallorca real estate is highly attractive to investors, both due to the static price growth and the prospect of passive income from renting owned property. Tasalia, a property and asset valuation company in Mallorca founded in 1990, predicted an increase in property prices by 22.95% in 2022. Essentially, they predicted a rise of over 10% that year.
Experts at Tasalia also provided predictions about the most expensive areas on the island. For example, Andratx was the most expensive area in March 2022, at 4,893 euros per square meter. They predict that, in 2024, the price will rise to 5,629 euros after an 826-euro increase, which is 17.21% over three years.
They also predict that the Calvia region will knock Andratx from the top spot as the most expensive area in 2024. In Calvia, the housing price at the time of the predictions was 4,524 euros per square meter. In 2024, it’s predicted to rise to 5,982 euros, which is an increase of 1,458 euros or 32.22%. This makes Calvia the second municipality in Mallorca where house prices are soaring the most.
Where are the most reliable investments in Mallorca?
Now, where is it cheaper to buy property in Mallorca? Last year, Tasalia provided a thorough report and they predicted the increase of real estate prices in Mallorca from January 2022 to December 2024 are expected to rise by 25.25%, from 3,052 euros/m2 to 3,823 euros/m2. This represents an annual average increase of 8.42%.
It’s worth noting here that the average price of 1 square meter in Mallorca at the beginning of 2023 was 3.706 euros, which is a record high for the whole of Spain. The year-on-year growth rate came in at a healthy 10.5%, exceeding expectations. This growth is being driven by a number of factors, including the strong demand from foreign buyers, the limited supply of property, and the rising cost of construction.
Mallorca is also home to two of the most inexpensive municipalities for real estate in the Balearic Islands, namely Manacor, and Inca. In these regions, the cost is below 2.000 euros per square meter. Based on information from Idealista and Fotocasa, which are well-known portals focused on real estate, the prices for studio apartments start at 60k euros, with an average of 35 m2 per studio.
To provide a full picture, here’s a table with all the data you need to know:
|Mallorca Region||Current price per m2||2024 Prediction per m2||Ratio||Predicted price per m2|
|Andratx||5.279 euros||5.965 euros||+13%||686 euros|
|Calvià||5.511 euros||6.505 euros||+18%||994 euros|
|Alcúdia||3.510 euros||4.177 euros||+19%||667 euros|
|Manacor||1.796 euros||1.912 euros||+6,5%||116 euros|
|Inca||1.552 euros||1.602 euros||+3%||50 euros|
How expensive is real estate in Mallorca?
One of the most attractive sectors of Mallorca’s real estate market is the premium sector. This island is known in the Balearic Islands for how many VIP properties there are available there. Some of the people who own these exclusive and luxurious properties are some of the most famous people in the world.
In the premium segment of Mallorca’s real estate market, the prices start from 4 million euros and go up to over 30 million euros. The sizes of the properties vary from 450 to 2,500 square meters. So, as you can imagine, when we say these properties are luxurious, we mean it in every sense of the word.
The profile of the typical buyer in Mallorca has changed in recent years. It used to be older retirees, but now it is younger people in their 40s and 50s who have made their fortunes in the technology industry. These "super-rich" buyers are not only interested in property, but also in cars, boats, and fine dining. They are not afraid to spend money, and they are known to have spent upwards of €15,000 on a single dinner. In their home countries, they may drive a discreet BMW, but when they come to Mallorca, they indulge their fantasies and buy a yellow Ferrari.
What properties in Mallorca offer good investment opportunities?
To close this report, we want to discuss good property investment opportunities in Mallorca. The property market on the island is very stable and it’s also unique. Predictions for Mallorca property prices have surpassed the wildest expectations, so it’s very much worth it to buy property on the island. If you plan on buying property in Mallorca, the time is now. Every day that passes, potential investors are missing incredible opportunities.
The overall recommendation is to focus on areas in the Southwest region of Mallorca. This includes Andratx, Port Adriano, Sol de Mallorca, Santa Ponsa, Palmanova, Port d’Andratx, and Cala Vinyes. Investing in these areas can allow you to save money and also increase your investment, which provides a lot of peace of mind during times of uncertainty such as the ones we’re currently going through.
The most profitable properties to invest in Mallorca are detached houses, villas, apartments with sea views, and Planta Baja apartments. These properties are in high demand both for holiday rentals and long-term rentals. For example, a villa in a popular tourist area can rent for up to 15,000 euros per week during the summer months. And a two-bedroom apartment in the same area can rent for 2,000 euros per month.
If you need assistance, we are experts in the Balearic Islands’ real estate market. So, if you want to buy property in Mallorca, we have a professional team that’s ready to help you through the process. We have a property catalog that’s updated every day to provide the most relevant opportunities. On the other hand, if you’re looking to sell your property, we can also help with that. We will assess it thoroughly and help you sell it for the best possible price. Contact us today for more information!