The luxury property market in the Balearics has been far less affected by the general economic crisis which began in 2008. Even so, now is the best time for years to buy a luxury home here, especially in the larger island, Mallorca.
There have been falls of as much as 8-10% over the last five years and there are many Spanish owners who are keen to sell. However, at the same time, the best quality places tend to demand the sort of solid prices which they always have done. The standard of restoration and modernization at this level is very high. The best architects in Mallorca have often created developments of new and old buildings, and all styles are available. The newest trend is to build ECO Houses, making more use of the abundant natural materials of Mallorca. .Then there are ultra-modern beach villas with glass walkways and infinity pools, villas on the cliffs overlooking bays. There are also rural fincas with traditional Mallorcan stone, with all the facilities you would expect.
For the luxury property market, it may be helpful to note that legislation is currently before the Spanish Senate to give extra help with the documentation concerning Spanish residency to investors spending more than 500,000 euros on a property they wish to buy. This will be particularly useful to non-EU clients like Russians, Chinese or other investors who will then find access to other EU states much easier without the need for visas.
Balearic Properties Mallorca also provides clients with assistance in legal and fiscal matters, together with advice for obtaining mortgage facilities through a number of banking partners. New build developments, as well as personalised villa management, maintenance and renovation services are also available.
Please use our Mallorca property search tool in order to identify a range of properties that will match your requirements, a luxury apartment in Portixol, a modern frontline villa in Andratx or a luxury country home with sea views in Pollensa, just aks our real estate consultants. You can use the tool to identify your desired location, the style of your property (traditional or modern), property type as well as your acceptable price range.
Take a look below at our selection of luxury properties in Mallorca. Alternatively you may wish to contact us directly by e-mail or telephone to talk to our real estate specialists.