Property in Paguera for Sale
The Overview of the Property Market in Paguera, Mallorca
Paguera is widely recognized as the most sought-after town by German, Austrian, and Dutch nationals looking to invest in real estate in the southwestern region of Mallorca. This coastal town falls under the jurisdiction of the Calvià municipality and is referred to as Peguera in the Mallorcan language. In Spanish, the traditional spelling of its name is Pegera, but most expatriates prefer the name Paguera.
For individuals who frequently visit Pegera and intend to purchase property in the area, we strongly advise reading the comprehensive information regarding the Pegera property market, meticulously prepared by the premier real estate agency in Peguera, Yes! Mallorca Property.
As a potential real estate buyer in Paguera, it is important to understand the current state of the property market in the area. The market is heavily influenced by two key factors - the high level of tourism and the wide range of available properties for purchase.
Peguera is situated on the coast and boasts three stunning beaches, including Platja de Tora, Platja Palmira, and Platja de la Romana. These beaches are separated by headlands and are consistently awarded the "blue flag" for their cleanliness and amenities. This layout ensures that tourists are distributed evenly across the three beaches, resulting in a more enjoyable holiday experience.
The central street of Peguera is a bustling boulevard filled with shops, restaurants, cafés, bars, and beach clubs, making it a popular destination for tourists. Notably, German citizens own many of these establishments, as they comprise a significant portion of the property buyers in the area.
According to the German analysis platform GfK, German tourists constitute the majority of visitors to Peguera. As such, the prospect of owning a property by the sea in this picturesque location is particularly attractive to German buyers.
In terms of popular property types, the following options are in high demand in the Peguera property market:
Villas with sea views
Fincas with pools
Apartments in new buildings
While most of the properties available for sale in Peguera are sold by private individuals, there are also new builds available, although they constitute less than 10% of the overall market. It is worth noting that demand for Peguera real estate is continually rising, making it a potentially lucrative investment opportunity.
In the popular town of Peguera, the average price per 1 square meter of property is €4,191, which has seen an increase of 16% per annum (updated in May 2023). This is higher than the Majorcan average of 16%, where the average price per 1 square meter of property is €3,600.
In Peguera, small houses are the most popular type of property, with prices ranging from €350,000 to €900,000 for a house by the sea on the 1st sea line. A typical house in Paguera has a total area of 1,000 square meters and a living area of 300 square meters, with a separate living room, 4 bedrooms and 3 bathrooms, and it can be purchased for €660,000.
Villas with pools in Peguera are priced between €750,000 and €6,000,000. A typical villa in Paguera has a living area of 635 square meters, a spacious living room, 3 bedrooms and 3 bathrooms, as well as a pool, Mediterranean garden and parking spaces. One such villa in Peguera is priced at €1,195,000.
Luxury apartments or townhouses with communal pools in Peguera can be purchased for between €300,000 and €600,000. A typical apartment in Pegera has a living space of 90 to 160 square meters.
Despite the high demand and average price per square meter, it is still possible to buy property in Peguera for up to €150,000. For this amount, one can buy a furnished flat with 1 bedroom and 1 bathroom from a private seller. The living space of such a flat in Peguera is 50 square meters, and it is ideal for holidays or rental purposes.
Villas are the most expensive type of property in Peguera, with luxury villas selling for up to €5,900,000. These luxury villas are located on plots of 1,531 square meters, with living areas of 520 square meters, and feature a spacious living room, 6 bedrooms, 7 bathrooms, a dining room and a study, as well as a pool and a sea view. These villas are fully furnished and ready to move in.
When it comes to rental accommodation in Peguera, the average price for 1 square metre is €15.5, which is 15% higher than the island's average rate. The reason for this notable difference is the strong demand from German buyers and renters who are willing to pay a premium to be in the area. The demand for rental housing in Peguera remains high and continues to increase. Property owners who rent out their homes to tourists report that reservations are often made up to a year in advance, and availability is scarce.
If you are looking to invest in Mallorca real estate, we suggest considering purchasing a home in Peguera. This can be a lucrative investment opportunity, as the high demand for rental properties in the area can generate passive income from renting.
Yes! Mallorca Property is a reputable real estate agent in Peguera, offering carefully selected properties for sale and purchase.
Our directory is updated daily to ensure that our clients have access to the latest offerings. We specialize in selling luxury villas, new homes from developers, and houses from private sellers.
As a client of Yes! Mallorca Property, you will receive priority access to urgent property sales in Peguera. Our team of international real estate agents in Peguera is committed to delivering outstanding customer service and results, which is reflected in our 5.0 Google rating. Whether you are buying or selling, we can assist you in achieving your goals quickly and profitably.
Please get in touch with Yes! Mallorca Property to receive the best offers in Peguera!