Luxury property in Mallorca
Mallorca is considered one of the most beautiful resorts in Europe and attracts visitors from all over the world with its lifestyle. Many people decide to buy a property after a holiday in Mallorca. The popularity among foreigners, the infrastructure, the transport accessibility and the demand for real estate are the drivers of the growth of luxury real estate. The purchase of a 5-star villa or finca in Mallorca in a picturesque location in Mallorca is becoming not only a wise investment but also a fashionable phenomenon. Why, despite the cost, is expensive real estate so popular here?
- How much does a luxury villa in Mallorca cost?
- How much is the most expensive villa in Mallorca
- The best areas to buy modern luxury homes in Mallorca
- Smart luxury homes: luxury zero-houses and energy-efficient villas
- Which German celebrities have villas in Mallorca?
- Luxury brokers in Mallorca
According to statistics, during the first nine months of 2021, home sales on the Balearic Islands have increased by 53% compared to the same period in 2020 (from 7,863 to 12,038). And the cost of transactions in 2021 increased by as much as 84% - from 2.42 billion euros to 4.46 billion euros (data from the Ministry of Transport of Spain).
Top 4 Mallorca locations with the highest average price per square meter
Average price м2
Costa de’en Blanes/Calvià
In an overview of the real estate market from Yes! Mallorca Property we have already mentioned that prices in luxury over the past 5 years segment have grown much faster than average, and the demand for large homes in Mallorca with seaview has not declined despite 2 years of lockdown. This trend makes real estate purchases an attractive investment tool, which brings its owner, besides the direct return on capital, a living in a comfortable climate near the sea.
Here is an example of such a villa from the catalogue Yes! Mallorca Property is one of the most prestigious locations in Santa Ponsa, the southwestern coast of Mallorca.
The villa has an area of 350 square meters.
The house has 5 bedrooms and 5 bathrooms: 4 ensuite bedrooms and one guest bedroom with an adjacent guest bathroom.
Utility room: laundry room, storage room, garage for 3 cars
Open kitchen connected to a large living room with direct access to the terrace. Swimming pool, well-groomed green area and views of the Mediterranean Sea.
Luxurious new villa with direct views of the sea and Port Adriano
If we talk about the upper limits of the prices, they are not limited to anything. The most expensive viila for sale in Mallorca currently on the market is Villa Solitaire in Son Vida, estimated at 65 million euros.
The Villa Solitaire in Son Vida
This masterpiece by Milan architect Matteo Thun is located in the upper area of Son Vida, one of the most prestigious and expensive on the island. A lovingly nurtured private botanical garden surrounds Villa Solitaire, and the terraces and windows offer stunning views of the bay.
One of the two pools is a panoramic infinity pool that creates the feeling of floating above the sea.
Prestige homes on the frontline are available in almost every part of the island, but some locations are considered the most prestigious.
Nestled in the rolling hills at the back of Palma, Son Vida is one of the most popular residential areas on the island. Son Vida has rightfully earned the unspoken title of the Beverly Hills of Mallorca. This beautiful and prestigious area lures most of those who want to buy private luxury property in Mallorca. The hilly landscape allows villas and houses to be situated so that they do not get in the way of each other, opening up spectacular views of the bay of Palma and the surrounding area. Nearby are picturesque farmlands and ideal golf courses - a paradise for keen golfers. This tranquil suburb is also within easy reach of the island's capital.
This part of Mallorca has a rich history. The area takes its name from the Vida family, who bought the land in 1518. Still, Son Vida was settled even before that because the Castillo Hotel Son Vida is a luxury hotel located in the historic castle from the 13th century.
But the attractiveness of Son Vida does not end at scenic views and a rich history. One of the advantages of the location is its security: it is a private territory, and a presence of security guards, video surveillance and the absence of tourist crowds makes the life of residents comfortable.
Freddy Aspers, a broker from YES! MALLORCA PROPERTY
The location of the Son Vida house itself adds anywhere from 30 per cent to the cost. Yes, it is sometimes difficult to come to terms with the fact that houses and apartments of the same caliber can add so much to their value just because of the location, but that is the specificity of the Mallorca luxury property market. If you would like personal advice on whether the price on a given site is justified, you can contact me.
Puerto Andratx boasts some of the most instagramic sunsets on the coast and its harbours. A former fishing village transformed into an upmarket urban area that has lost none of its unique seaside town charm. Seemingly, the charm prompted Brad Pitt to buy a villa here after he spent a few weeks here in 2016 filming "Allied."
Port d'Andratx gets the top spot for the highest prices per square metre in Mallorca (in December 2021, the average price was €7,420 per square metre). And exclusive villas for sale range in price from €6 million to €16 million but can go as high as €25 million.
The beauty of Mallorca is that almost every part of the island has a unique piece of nature. Here you can find rustic fincas and luxury villas in and around the Serra de Tramuntana. Luxury rural properties in this area are concentrated in Deià and Soller.
The average price per square metre in Deiàwas €6,331 in December 2021. High prices in the region are alongside very limited supply. There is almost no new construction, and existing assets are sold rather reluctantly. Finca in Deià and Sollermay well be worth as much as 10-13 million euros. And the region is quite popular with celebrities.
It is not for nothing that property prices in Deià are so high. Those who choose this place pay for the opportunity to live in an idyllic village at the foot of the rocky mountains, with the winding streets leading out to the sea, contrasting with the typical blue sandstone buildings of Deià.
Luxury real estate is most often thought of in terms of luxury villas and private country houses with vast plots of land. However, the market can offer discerning buyers a variety of architectural forms to choose from, ranging from classic Mediterranean-style villas to fully self-sufficient smart high-tech homes.
It is a common belief that a luxury property must be on the coast and have a view of the sea. Yes, many houses and villas tick the boxes: stunning terraces and panoramic windows showing how the Mediterranean sea changes during the day. But among the luxury real estate buyers are those who, instead of the sea, choose the proximity of golf courses or finca, a house in the countryside surrounded by gardens.
There are also luxury flats and apartments in Mallorca designed for dynamic owners who are ready to move around the island a lot or who prefer to spend most of their time on their private yachts.
It is worth mentioning that there has been a steady demand for energy-efficient luxury homes in Mallorca in the last few years. Better-off people are good at seeing financial prospects, and they understand how an investment in a new type of villa will pay off in the future.
Luxury zero-energy homes and villas, which are fully self and fuel-sufficient, are currently in demand on the Mallorca market. They may be located in less prestigious locations, but they also conform to modern ecological concepts. The architecture blends in with the environment, and the engineering and technology meet the highest standards. The result is a fully autonomous smart home that can adapt 'on its own to the habits and schedules of its owners, from maintaining different levels of temperature and light depending on the weather outside the window to opening doors for the scheduled gardener and watering plants according to a pre-set algorithm.
For the luxury segment, maintenance costs as a percentage of a mid-range home are always higher. However, a smart home allows these costs to be reduced, structured and monitored. Therefore, investing in a smart home in Mallorca provides a high standard of living and comfort while reducing the cost of maintaining the property and, of course, adds an eco-friendly badge to the owner's image.
Germans are indisputably at the forefront among the most frequent buyers of luxury real estate in Mallorca. That's why it's possible to meet German celebrities in Mallorca on holiday in their homes. But don't expect to bump into them in the nearest supermarket: as a rule, the rich and famous prefer solitude and choose areas where their private life is out of sight.
Among the most famous property owners on Majorca are members of the Royal Family of Spain, who spend each year here for the Easter holidays. The Spanish tennis player Rafael Nadal, a Mallorca native, is an active participant in the island's life and opened a tennis school Rafa Nadal Academy. And Hollywood stars Catherine Zeta-Jones and Michael Douglas. Boris Becker, who back in 1997 built his own villa Son Coll in Artà, is also among the famous tennis players who have property there. Unfortunately, Boris' finances are currently in a sad state, and the villa is currently under arrest. But other celebrities are doing quite well. Dieter Bohlen und Freundin Carina spend quite a lot of time in Mallorca. The singer himself showed on Instagram his house and how he spends his time enjoying the surrounding nature but did not disclose its location. Ubiquitous paparazzi have revealed that he lives Cala Ratjada, on Mallorca's east coast. (Another source in Santa Ponsa, about 20 km west of Palma de Mallorca) . The musicians Costa Cordalis and Jürgen Drews chose Santa Ponsa. And Herbert Grönemeyer and Til Schweiger settled in the Sierra de Tramuntana in West Mallorca.
It is not surprising that with such a high demand for luxury homes in Mallorca, there are celebrity brokers who turn the buying process into a real show.
An example of such a media promo broker is Marcel Remus, a German showman and broker who has gained popularity through Reality TV-Show "Meet, buy, live" on a german tv channel VOX. He hosts TV shows and broadcasts his life in style on Instagram.
Photo from Marcel Remus' personal Instagram account @marcel.remus
Buying and selling luxury properties with Yes! Mallorca Property
Wherever you're buying property, it's important to get help from local experts who know their market and its specifics. This is especially true when buying abroad, where factors such as legislation, taxes, and language may differ from your country.
At Yes! Mallorca Property, we are equally responsible, regardless of the size of the transaction. However, we are acutely aware that buyers of luxury properties, especially business people, often do not have enough personal time to go through all the transaction details. That is why we suggest you leave this important process to the professionals. We know the island like the back of our hand, its features, pros and cons. We are well-versed in the market, and we have a long experience working with both banks and notaries, so we can help you make buying property in Mallorca a painless experience.
The specialized team of Yes! Mallorca Property will be more than happy to present you with the best selection of luxury property in Mallorca, such as villas, houses, fincas and penthouses for sale. If you are looking for such an option, do not hesitate to contact us, and we will give you comprehensive and detailed advice on choosing the 5-star property that suits your needs:
in a prime location
on a large plot
with new energy-efficient technologies and smart home.
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