Property in Bonanova for Sale

Bonanova (Palma): A Seamless Blend of Tranquility and Luxury

Location and Allure

Ideal Setting in Palma

Discover the charm of Bonanova, a picturesque enclave in Palma perched above Paseo Maritimo and the Porto Pi shopping centre. The airport is just a short drive away, and Palma's city centre is easily accessible on foot, by bus, or by bike. This meticulously maintained area is a magnet for both locals and foreigners, offering a serene environment coupled with proximity to all essential amenities.

Living and Leisure Appeal

Tranquil Haven in Palma

Bonanova stands out as one of Palma's quietest and most meticulously maintained areas, situated on a hill that provides breathtaking views of the sea and the island's capital. Characterized by modern apartment buildings and upscale real estate, it caters to those who seek privacy without sacrificing the convenience of city living. Residents and vacationers in Bonanova relish the peace and seclusion it offers while enjoying the perks of urban life.

Price Trends

Rising Property Values

The property market in Bonanova (Palma) continues to surge, witnessing a commendable 6.4% increase in the past year alone. Over the last 2.5 years, apartments and houses have experienced a robust growth of 7.6%.

Average Prices in Bonanova (Palma)

• Houses: The average price is 903,500 euros, with 80% of the offerings falling from 212,000 to 4,000,000 euros. Price per square meter - €3848.

• Apartments: The average price is €380,000, encompassing 80% of the market with prices ranging from €180,000 to €1,300,000. Price per square meter - €3477.

Rental Market in Bonanova (Palma)

• Houses for Rent: The average monthly cost is 1860 euros, with 80% of listings ranging from 800 to 5000 euros. Rent per square meter is €171 per year.

• Apartment Rentals: The average monthly cost is 1300 euros, covering 80% of the market with prices ranging from 450 to 2500 euros. Rent per square meter is €200 per year.

Diverse Real Estate Offerings

Bonanova boasts various properties, including apartments, villas, and houses. The pricing is not only justified by its excellent location. Still, it is also supported by a consistent upward trend in market values.

Recommendations and Closing Thoughts

Investing in property in Bonanova is recommended for those who seek a peaceful environment amidst luxurious residences. When comparing the average prices in Mallorca (€4063/m²), Bonanova stands out for its competitive pricing, offering an ideal blend of comfort and affordability.

For those considering buying or selling real estate in Bonanova, Yes! Mallorca Property is your trusted partner. Contact our experts for guidance, ensuring a choice that combines comfort and financial advantage.