Property in Manacor for Sale
Buying Property in Manacor: A Blend of Culture and Coastal Recreation
Location and Popularity
Manacor, Mallorca's second-largest city, is situated on the northeast edge of the island, just outside the capital Palma. Serving as the industrial centre of Mallorca, Manacor exudes a distinctive atmosphere that sets it apart from other cities.
The municipality encompasses coastal resorts and attractions such as Porto Cristo, renowned for its captivating caves, Coves del Drac, and Cales de Mallorca. Here, one can revel in breathtaking views of stalactites and stalagmites and witness a beautiful light show on an underground lake accompanied by classical music.
The city is also renowned for its various crafts, producing high-quality wooden furniture and artificial pearls. At the famous Majorika factory, visitors can explore the history of pearl production and the factory store.
Recommendations for Buyers
Manacor is ideal for those seeking a harmonious blend of cultural heritage and coastal relaxation. This city is a perfect destination for families and individuals who appreciate beautiful beaches, cultural events, and high-quality goods.
Property Types and Prices
The array of properties in Manacor includes apartments and houses. The average price of houses currently on the market is estimated at 478,000 euros. Sales prices for 80% of available houses range from 145,000 to 2,200,000 euros. The average price per square meter of houses in Manacor is €3,098.
The average price of apartments currently on the market is 253,000 euros. Prices for 80% of the offered apartments range from 120,000 to 469,000 euros. The average price per square meter of housing in Manacor is estimated at €2,196, significantly lower than the average price in Mallorca (€4,063).
Rental Possibilities
The average monthly rental price of houses currently available for rent is €1,963, with monthly rents ranging from €700 to €3,000 for 80% of listings. The average rent per square meter of housing in Manacor is €125 per year.
The average monthly rental cost of apartments is estimated at 978 euros, with monthly rents ranging from 450 to 1,700 euros for 80% of offers. The average rent per square meter of housing in Manacor is €130 per year.
Cost Justification
The evolution of prices over the past year shows an increase of 8.6%, reflecting the demand for this region. The allure of coastal areas and cultural events influences price dynamics.
Recommendations for Buyers
Manacor offers a variety of properties to suit different budgets. The choice is yours, whether luxurious villas on the coast or cosy apartments in the historical centre. Contact Yes! Mallorca Property to assist you in making your Mallorcan dream come true.