Property in Puerto Andratx for Sale
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Port d'Andratx Property Market Overview
Content:
Property Prices in Port d'Andratx
Typical Property Types for Sale in Port d'Andratx and Their Prices
Investment attractiveness of real estate in Port d'Andratx
Real estate agent in Port Andratx
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The vibrant Port d'Andratx property market attracts many buyers from Germany, France, England, and Holland. Esteemed real estate agents unanimously regard this location as one of the premier destinations on the island for acquiring and investing in houses.
Exploring the Andratx property market, you will find comprehensive information on the following key aspects:
Situated within the Andratx municipality, the port settlement is home to a population of 11,271 people residing in an expansive area spanning 81 square kilometres. At the border of the western and southwestern parts of the island, Port d'Andratx is gracefully nestled at the foot of the majestic Sierra de Tramontana. The harbour pueblo stands atop seven cliffs extending dramatically into the azure sea. Notably, this exclusive enclave is accessible only by car or yacht, offering a serene atmosphere void of hotels. Consequently, the luxurious properties of Port d'Andratx entice discerning buyers who cherish both comfort and privacy.
Renowned personalities such as Claudia Schiffer, Tom Cruise, and Florentino Perez, the president of "The Real Madrid" football club, count among the notable real estate owners in Port d'Andratx. Particularly noteworthy is the sale of Florentino Perez's expansive luxury villa, spanning an impressive living area of 15,000 square meters, to the wife of the esteemed Formula 1 driver, Michael Schumacher. This transaction was undertaken to facilitate Michael's rehabilitation following a skiing accident in 2014 (information sourced from public references).
Property Prices in Port d'Andratx
In 2023, the average price per square meter in Port d'Andratx is €7,500, exhibiting a consistent % annual growth rate of 3%. Notably, this figure is twice the average price observed across Mallorca.
The allure of Port d'Andratx's luxury properties lies in their prime seafront locations, captivating buyers worldwide with breathtaking vistas from the summits of its seven hills. Furthermore, nestled at the foothills are an array of bars, nightclubs, and restaurants, attracting the arrival of opulent yachts and prestigious sports cars, including Ferrari, Lamborghini, and Rolls Royce, whose owners gather for picturesque harbour-side dining against the backdrop of captivating sunset.
Typical Property Types for Sale in Port d'Andratx and Their Prices
Among the most sought-after areas for property acquisition in Port d'Andratx is Las Cascadas. This exclusive locale specialises in selling luxury flats with stunning sea views. Positioned atop cliffs along the pristine coastline, the luxury flats in Las Cascadas offer a communal pool and intermediate terraces, affording residents panoramic views of the bay of Port d'Andratx and direct access to the crystal-clear waters for a refreshing swim. The price range for flats here starts at 800,000 euros.
Another trendy location is Camp de Mar, which witnessed a surge in property demand after acquiring a mansion along the first sea line by the renowned actress Claudia Schiffer. Luxury flats dominate the real estate landscape in Camp de Mar, with newly developed residential complexes meticulously designed to meet modern standards, consistently attracting buyers worldwide.
In addition to luxury flats, the following property types continue to hold strong appeal in the Port d'Andratx market:
• Villas with stunning sea views
• Apartments boasting harbour views
• Plots for constructing new villas
• Contemporary-style villas
• Luxury Fincas with swimming pools
Investment attractiveness of real estate in Port d'Andratx
Real estate investment attractiveness in Port d'Andratx is widely recognised, particularly for those seeking to generate passive income through short-term rentals. Situated in the coveted southwest region, Port d'Andratx stands out as one of the most desirable areas for property investment. The average rental price in Port d'Andratx reaches €18.4 per square meter, surpassing the Mallorca average by 8%.
What sets Port d'Andratx apart is the unique aspect of its rental market. Owners of exclusive villas and flats in this area enjoy a steady stream of customers during summer. Bookings for local properties are often planned for several years, reflecting the high demand for accommodations.
Notably, Las Cascadas emerges as a highly sought-after location for property investment in Port d'Andratx, particularly for flat rentals. Despite the restriction on renting holiday flats to tourists in Las Cascadas, owners of luxury flats in Port d'Andratx continue to capitalise on the opportunity. More than 50% of the apartments in the first sea line of Las Cascadas are rented out during the season, emphasising the lucrative nature of the rental market.
Yes! Mallorca Property specialising in Port d'Andratx, strongly recommend investing in the Andratx property market, citing the potential for both passive rental income and natural capital gains.
Real estate agent in Port Andratx
Yes! Mallorca Property is a reputable real estate agent operating in the vibrant market of Andratx. As a premier agency, we take pride in our extensive directory of 30 carefully curated properties available for sale and purchase in Andratx. Rest assured that our listings are diligently updated daily, ensuring you have access to the latest opportunities in the area.
At Yes! Mallorca Property specialises in selling luxury villas, pristine new villas from esteemed builders, and exquisite flats directly sourced from private owners. Our diverse portfolio caters to our esteemed clientele's discerning tastes and preferences.
One of our distinguishing features is our ability to provide exclusive offers for distressed sales of properties in Andratx. As a valued client, you will be among the first to receive these promising opportunities, allowing you to make informed decisions and seize exceptional deals.
With a team of exceptional estate agents who understand the Andratx property market, Yes! Mallorca Property is dedicated to delivering superior service and results. Our commitment to excellence is reflected in our outstanding customer reviews on Google, boasting an excellent rating of 5.0.
Whether you are looking to buy or sell your property in Andratx, our seasoned professionals are here to guide you through the process with expertise and efficiency. Count on Yes! Mallorca Property facilitates a seamless and profitable experience, ensuring your real estate goals are met promptly and satisfactorily.