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Discover Mallorca - The Property Market




The past few years has seen continued growth in the value of property in Mallorca with an average price rise, in some areas, last year of around 15%. It is worthy of note that as a result of the improvement in the German economy, German investors are prominent again in the market place, only being exceeded by the number of British and Irish buyers. The continued strength of the British and Irish economies coupled with a favourable exchange rate and a wide range of inexpensive airlines, all combine to make Mallorca the top spot for serious buyers.

High quality properties show the greatest increase in demand and real estate up to the value of €500,000 is sought after. Interest is high in all properties across a range of different architectural styles from apartments and penthouses to fincas and villas.

The market in Palma itself is booming, with people taking advantage of its cosmopolitan lifestyle. Close proximity to the airport gives easy access for those wishing to take advantage of the cultural delights which this fabulous city has to offer, 365 days a year.

Other buyers prefer a more tranquil and rural environment, with locations such as Binissalem, Puigpunyent, Bunyola, Arta and Soller providing a serene contrast in style and surroundings.

An independent survey by the Spanish Research Company TINSA estimates that a price rise of 214% for the period 1999 to 2005 was achieved. In 2006 the price increase was again around 12-15%.
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