The Mallorca real estate market is nothing short of remarkable. Located in the Balearic Islands of Spain, Mallorca has developed a reputation for international buyers from all over Europe, due to the perfect infrastructure, great weather, Spanish food, and an vibrant culture that can’t be found anywhere else on the Spanish islands the Mallorca property scenario has given way to one of the hottest real estate markets in the Spain.
The property market in Mallorca is the primary beneficiary of a highly desirable location in the Mediterranean, attractive for many investors who have chosen the Island for their residential investments but property sales have plummeted by nearly 10% in the Mallorca due to the Coronavirus Covid-19. The economic insecurity are being blamed for the slump in sales which appears to have affected second-hand properties much more than new property developments that still have a lot of demand for international buyers
Balearic Properties website is a comprehensive tool for buyers and sellers of Mallorca luxury real estate. Our main goal is to provide our customers with the necessary information to make an informed decision regarding your purchase or sale of a villa or apartment in Mallorca. Mallorca offers some of the most desirable real estate in Spain. With its lovely year-round weather, gorgeous beaches and vibrant city Palma de Majorca, luxury real estate in Mallorca continues to capture the attention of buyers from all over europe. If you are looking to purchase a property in Mallorca, Balearic Properties is here to guide you through the entire process of finding and purchasing the perfect Mallorca real estate for you.
If you are planning to sell your house in Majorca we are here to market your property to sell for the highest price in the most efficient way by utilizing the latest marketing tools and global exposure with Savills International.
International and local real estate investors, have found that Mallorca's most famous city Palma de Majorca can serve as a lucrative backdrop for business owners. The rental market is very demanded in Palma and there is an important gab of apartments available on the market. However, it’s not enough to simply invest in Mallorca real estate without a plan, you need to watch the market trends and decide wether the prices still have margin to go up or fall.
Take look at some of the reasons someone might want to invest in real estate, and the various exit strategies which are proving most useful to their efforts.
Median property Value: € 347,420
1-Year Appreciation Rate: +0.9%
Median Property Value (1-Year Forecast): +2.0%
Median Rent Price in Palma de Majorca: €1,800
Percentage Of Vacant Homes: 18.12%
Source: Real Estate Market Report 2020, by Balearic Properties
[ Thinking about investing in Mallorca Real Estate? Contact our Team ] Balearic Properties is a real estate agency specializing in the real estate market in Majorca. With an excelent solid foothold in the property market in Pollença , Palma de Majorca and Portals Nous.