Property in Arenal for Sale
Investing in Real Estate in Arenal: Your Brief Guide to Ownership
Location and Popularity
Arenal, nestled on the south coast of Mallorca in the Midhorn region, stands out as a prime investment destination. Administered between Llucmajor and Palma, it offers a unique blend of tradition and modernity. Conveniently located just 15 km from Palma and 7 km from the airport, Arenal is a hotspot for tourists and locals.
Entertainment Hub
Renowned for its diverse entertainment and cultural events, Arenal boasts over 70 hotels and 65 inns, catering to various preferences, from family-friendly accommodations to luxurious resorts. With its beaches, cafes, restaurants, and entertainment options, Arenal appeals to those seeking an active lifestyle.
Foreigner Presence
Among foreign tourists, Arenal attracts many German visitors. Still, there's a noticeable rise in Russian tourists, highlighting the area's increasing global popularity.
Housing Market Dynamics
Over the past year, Arenal's real estate prices have surged by 10.6% and an impressive 16.3% over the last 2.5 years, indicating robust and stable market growth.
Investment Recommendations
Arenal is a magnet for tourists, especially the young demographic (18-30), seeking beach, bar, and club experiences. While less famous than Magaluf, Arenal offers a lively atmosphere and picturesque beaches, making it ideal for those who appreciate a dynamic lifestyle.
Property Types and Prices
Houses:
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Average price: €462,000
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80% of houses priced between €150,940 and €2,650,000
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Cost per square meter: €3801
Apartments:
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Average price: €259,500
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80% of flats priced between €165,000 and €450,000
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Cost per square meter: €2699
Rent Prices
Houses:
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Average monthly rent: €1200
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80% of rentals between €550 and €3073 per month
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Rent per square meter: €261 per year
Apartments:
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Average monthly rent: €1100
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80% of rentals between €450 and €1600 per month
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Rent per square meter: €165 per year
Conclusion
El Arenal combines beautiful beaches with a vibrant entertainment scene, making it an attractive investment. Yes! Mallorca Property stands ready to assist you in realizing your housing plans in this unique corner of Mallorca.