Property in Binissalem for Sale

Binissalem Real Estate Overview 

Binissalem (07350), nestled in the heart of Mallorca, presents distinctive opportunities for those seeking the perfect Mediterranean residence. Centrally positioned, this cosy town provides convenient access to Palma, Soller, and Inca, establishing itself as an ideal base for exploring cultural attractions and nearby beaches.

Despite its designation as a hidden gem, Binissalem is witnessing a surge in popularity as a residential and holiday destination. The rising interest in properties here stems from the appealing fusion of provincial tranquillity and proximity to urban conveniences.

Binissalem's allure extends internationally, attracting foreigners—predominantly from Scandinavia, the UK, and Germany—drawn to its charm for holidays and property investments. This diverse demographic underscores the versatile and global appeal of this particular corner of Mallorca.

Diverse housing options characterize the real estate market in Binissalem, ranging from cosy flats to luxurious villas. The average house price currently stands at €625,000, with prices per square meter ranging from €255,500 to €2,995,000. Flats are available at an average price of €298,000, with prices per square meter spanning from €249,775 to €618,900.

The property value in Binissalem finds justification in its distinctive blend of traditional Mallorcan style, scenic beauty, and convenient location. The average price per square meter is €2,652, surpassing the Mallorca average of €4,063 per square meter, indicative of the region's attractiveness and demand.

Property prices in Binissalem exhibit stability and growth, with an 8.1% increase over the past 12 months and a notable 12.4% growth over 2.5 years, affirming the area's resilience and increasing appeal.

For those considering rentals, the average monthly rental value for houses on the market is €1,850. Notably, 80% of these houses fall within the monthly rental range of €1,300 to €4,000. The average rent per square meter in Binissalem (07350) is €128/m²/year, providing insights for potential renters.

For successful property transactions in Binissalem, we recommend reaching out to Yes! Mallorca Property. With their expert guidance, your choice in Binissalem will be a wise step toward securing a cosy corner in Mallorca.