The property market in Son Vida and the surroundings of Palma
The exclusive area of Son Vida remains interesting for buyers who are looking for a secure, long term investment.
Main attractions are its proximity to the historic centre of Palma and the international airport. Son Vida provides a peaceful environment for the most discerning tastes and features three golf courses and two luxury hotels.
Son Vida has largely been unaffected by the crises and prices have softened slightly by 10 - 15%, although the margin for negotiation has, in some exceptional cases, closed at 35% below the original asking price.
Currently, most sold properties are villas of approximately 400 m2 ranging from 1.250.000€ to 2.000.000€. Villas with sea views always fetch a premium price of around 3 - 5€ million.
Prices in the surrounding villages closest to Palma, such as Esporlas, Establiments, Galilea and Puigpunyent, have dropped up to 25%. Now, there are some excellent buys for investors who want to enjoy the charm of a traditional village surrounded by beautiful scenery. The most sold properties tend to be family houses of around 900.000€.
Main attractions are its proximity to the historic centre of Palma and the international airport. Son Vida provides a peaceful environment for the most discerning tastes and features three golf courses and two luxury hotels.
Son Vida has largely been unaffected by the crises and prices have softened slightly by 10 - 15%, although the margin for negotiation has, in some exceptional cases, closed at 35% below the original asking price.
Currently, most sold properties are villas of approximately 400 m2 ranging from 1.250.000€ to 2.000.000€. Villas with sea views always fetch a premium price of around 3 - 5€ million.
Prices in the surrounding villages closest to Palma, such as Esporlas, Establiments, Galilea and Puigpunyent, have dropped up to 25%. Now, there are some excellent buys for investors who want to enjoy the charm of a traditional village surrounded by beautiful scenery. The most sold properties tend to be family houses of around 900.000€.
