Property in South Mallorca for Sale

An Overview of the Property Market in Southern Mallorca

Contents:

Key Considerations for Property Buyers in Southern Mallorca

The most popular places to buy property in South Mallorca

Property prices in South Mallorca

Typical types of property for sale in South Mallorca and their prices

Purchasing a Property in South Mallorca Under €100,000

The most expensive property in South Mallorca

Investment attractiveness of real estate in South Mallorca

Real Estate Agents in South Mallorca

Key Considerations for Property Buyers in Southern Mallorca

If you're thinking about purchasing a villa, house, apartment, or any other property in the southern part of Mallorca, in the Balearic Islands, we suggest you take a look at the useful information.

Southern Mallorca, spanning from the eastern border of the capital, Palma, to the coastal town of Pueblo Colònia de Sant Jordi, constitutes a distinct region for property buyers. While Palma technically falls within the southern part of the island, it is often categorized separately in discussions of real estate in south Mallorca.

Properties in southern Mallorca rank third in popularity among buyers, following the southwest and Palma, comprising 10% of the total Mallorcan property sales market. Approximately one out of every ten property transactions occurs in southern Mallorca.

This area is home to around 45,000 residents, with foreigners constituting 22% of the population, predominantly German citizens. Germans make up over 13% of this region's permanent population.

The municipality of Llucmajor dominates property sales in South Mallorca, as it encompasses the most significant area on the island, spanning 327 km2. The topography here is predominantly flat, resulting in a wide array of fincas available for sale in South Mallorca, particularly within the municipality of Llucmajor.

The most popular places to buy property in South Mallorca

The southern region of Mallorca presently stands as one of the most developed areas on the island. Notably, villas and houses have a pronounced prevalence over new housing developments in this region, accounting for just 28% of the total housing stock.

This distinctive blend of new construction and comparatively moderate costs per square meter has fostered a robust and consistent demand for properties in South Mallorca. For individuals seeking a lucrative avenue to invest their capital, purchasing property in South Mallorca is a compelling choice.

Property prices in South Mallorca

The average price per square meter (m²) of property in South Mallorca stands at €3,073, marking a 9.6% decrease compared to the average property price in Mallorca. In contrast, the neighbouring southwest Mallorca commands a significantly higher average cost of €5,102 per m², constituting a 40% premium over the south.

It's noteworthy that property prices in the southeast region of Mallorca closely mirror those in the southern part of the island, with an average of €3,023 per m². Meanwhile, the capital city of Palma registers an average price of €3,178 per m².

In recent years, there has been a substantial surge in demand for properties in South Mallorca, primarily attributed to the vigorous construction of luxury villas and houses in this region. With its relatively lower cost per square meter than the high-end properties in Southwest Mallorca, South Mallorca has become an attractive choice for discerning buyers seeking luxury residences.

Typical types of property for sale in South Mallorca and their prices

The range of property types in South Mallorca is diverse, often contingent on location.

1.     New-Build Luxury Villas: Buyers predominantly gravitate towards new luxury villa developments in South Mallorca's coastal resorts. For instance, a modern villa in South Mallorca in Puig de Ros can be acquired for €2,600,000. Spanning a plot area of 980 m² and featuring a generous living space of 350 m², these villas boast spacious living rooms, contemporary open kitchens, 4 bedrooms, 4 bathrooms, and a pool and captivating sea views. (Ref. no. PR-2070)

2.     Fincas: Particularly sought after in areas further from the coast, fincas in South Mallorca, especially those situated within nature reserves, hold significant appeal. An exclusive finca near the renowned Es Trenc beach, often dubbed the "Caribbean in Mallorca" due to its pristine beauty, is available for €2,100,000. This luxury furnished finca spans an expansive plot area of 16,720 m², offering a living area of 300 m² with 5 bedrooms and 6 bathrooms. (Ref. No. ER-0970)

3.     Houses: Houses for sale in South Mallorca enjoy robust demand, often on par with villas and fincas. A typical South Majorcan house on a 400 m² plot offers a living space of 180 m². These houses in South Mallorca come with amenities like pools and car parking. A standard configuration includes a living room, kitchen, 2 bedrooms, and 3 bathrooms, with prices starting at €690,000. (Ref. no. PR-1176)

Purchasing a Property in South Mallorca Under €100,000

Acquiring real estate in South Mallorca within a budget of €100,000 is a viable option. You can anticipate procuring a one-bedroom apartment in the S'Arenal area within this price range. Typically, such apartments offer living spaces of no more than 50 m², often necessitating renovation.

The most expensive property in South Mallorca

South Mallorca presents a luxurious villa with sea vistas, commanding a price tag of up to €5,000,000 for those seeking the epitome of abundant living. Nestled directly on the coastline within the charming village of Son Veri Nou, this fully furnished villa exudes extravagance in every detail. Spanning an impressive 850 m², the villa boasts 6 bedrooms and 5 well-appointed bathrooms. This exceptional luxury villa in South Mallorca is available for €4,800,000. Ref. no. SV-1187.

Investment attractiveness of real estate in South Mallorca

The south of Mallorca presents an enticing opportunity for investors. With an average rental rate of €10.9 per square meter, this region offers a 20% cost advantage compared to the island's average. This favourable rate has led many tourists to opt for properties in the south.

Notably, the allure of summer rentals has intensified in recent years. To illustrate, a property sold initially by Yes! Mallorca Property for 450,000 euros four years ago, now commands a weekly rental rate of 2,500 euros. This holiday home spans 155 m² and features a pool, all within a stunning seaside setting. Reference Number: RLL-0047.

This example underscores the promising profitability of investing in South Mallorca's real estate market today, as prices continue to rise and align with those of the southwest of Mallorca.

Real Estate Agents in South Mallorca

Welcome to Yes! Mallorca Property, a leading real estate agency in southern Mallorca. We have a diverse catalog of 56 properties available for purchase, including luxurious villas, holiday homes, private houses, fincas, penthouses, and flats.

Our clients benefit from exclusive access to distressed property sales opportunities in South Mallorca. Our dedicated team of experienced German estate agents is committed to providing exceptional service. With an impressive Google rating of 4.9, we are known for facilitating efficient, profitable, and trustworthy property transactions in South Mallorca!

Contact us today!