The Most Popular Types
The Most Popular Locations
Useful Information for buyers and sellers
Buying Real Estate in Mallorca — things to know
Central Balearic Island is an excellent place to buy a property. Mallorca Property is a point of interest to both Spaniards and international buyers. Very few locations in the Mediterranean offer such a diverse range of properties as Mallorca.
Many people love Mallorca for its nature, mountains, and sea. The island is an excellent place to buy a property in Mallorca.
The demand for foreign real estate in Mallorca has always been stable. But after the pandemic, the number of bargains in Mallorca properties has increased (+24.47% for 2021). The main reasons are the interest of foreigners in working remotely and staying on the island and post-Covid tourist Boom.
One more reason is the so-called Energy Nomads. Energy bills in the UK, Germany, and other countries have been exceptionally bad and gobble up a considerable portion of income. Even though electricity prices have increased in Spain, wintering in warm Mallorca will cost several times less than in the UK or Germany. So, buying or renting a home in Mallorca is a good option.
Mallorca Property Prices
Real estate in Mallorca tops the property prices list all over Spain.
The average price is 3577 Euros/m2 (+10.6% compared to 2021).
The cheapest property in Mallorca is 1537 euros/m2 (in Inca).
The most expensive property in Mallorca is 8122 euros/m2 (in Portals Nous - Bendinat, +34% compared to 2021).
Follow the link for the full report on the Mallorca Property Market Prices.
Who buys a property in Mallorca?
The main buyers of properties in Mallorca are international buyers. They account for more than 60 percent of all transactions. Among foreigners, residents of Germany (36%), England (11%), and France (8%) lead the way.
What property in Mallorca is the most popular?
The top properties in Mallorca are investment apartments (secondary and new), villas, and fincas. They account for more than 80% of all transactions.
The average price for an apartment is 340,000 euros, for a new building— 550,000 euros, a villa 1,670,000 euros, and Finca 880,000 euros. Luxury properties in Mallorca cost 3,000,000 euros. Mallorca's southern, southwestern, and southeastern parts offer the best property options.
Your Trusted Real Estate agent in Mallorca
Yes! Mallorca Property (S.L.) is a trusted Real Estate Agent in Mallorca. We have been working since 2007 and have — a rating of 5.0 by Google reviews. We update our property catalog daily.
We also help you close mortgage loan deals and accompany you after completing the transactions (post-sales support). We also draw up necessary documents for property management and contracts with the service companies and suppliers.
If you want to buy or sell a property in Mallorca, we always are by your side and assist you in closing a good deal! Contact us now!