Mallorca’s property market is sizzling
Why Mallorca’s property market is stronger than ever
One of the main reasons for the tremendous surge in property investment on Mallorca is that people are turning their backs on banks, who are offering next to zero for their cash assets, and they are looking for lucrative returns on their money. The best option is to invest in a property for sale in Mallorca, and for many it is also safer to invest on the island than back home. Mallorca is one of the most popular holiday destinations world-wide and both the property sales and villa rental markets are booming – and have been now for years! Buying and renting out means all running costs are covered (including mortgages) and the owner is left with a nice income. There are agencies who take over renting out, www.balearic-villas.com so owners really have nothing to do but sit back and wait for the income to be generated.
The Covid Factor
A finca (country villa) on Mallorca with a fair amount of land means no direct neighbours and a control of who one socialises with. Due to the ghastly pandemic caused by Covid, many people are re-thinking their lifestyles and reflecting upon what they really want to do and where they want to be. As many can work remotely and do not have to be physically present in an office etc., they are virtually fleeing the cities and looking for safe havens in the country away from large numbers of people. That plus the wonderful climate and sun-drenched days Mallorca has to offer, it is no wonder that people are investing so heavily in a property for sale on the island. It is also very much about lifestyle and the laid-back, Mediterranean way of living has a lot of appeal for stressed north Europeans.
Secure your property now!
Due to the surge in investment and purchases, properties for sale in Mallorca are running dry, there is currently a huge shortage in supply. The total number of properties for sale in Mallorca is rapidly shrinking due to the sales “frenzy” that is happening right now. New listings are simply not coming onto the market to match the pace of sales, and this is leading to a property shortage. Those who are playing with the idea of a re-location to Mallorca and a subsequent property purchase be advised, they should not think for too long as they may not be able to pick and choose as they would like to once they decide to buy over here! Now is indeed the best time to buy, you still have a selection and prices are not rising madly – not yet!
Gorgeous finca in the Pollensa countryside
Buyer are snapping up all kinds of properties, we are currently selling everything, with a notable boom in the high-end, luxury property market. Mallorca has always been famed for outstanding and jaw-dropping luxury villas and country properties for sale, hence so many VIPs have bought their discreet hide-away on the island.
Capitalise on your property investment
The market is as hot as never before, so those who are thinking of selling and reaping the benefits of their investment made some time ago, should put their property on the market now while prices are being accepted and paid and the demand is so high. This is an exceptional situation and who knows how long it will last. We are receiving many enquiries every day so come and speak to our experts about the valuation and marketing of your property.
Whether you are thinking of buying a villa or apartment for sale in Mallorca or are not quite sure about selling your island property, our team of real estate experts lead by our company MD, Iris Grünewald, are looking forward to meeting you. They can give you the best, market orientated advice, just come and see us in one of our offices!