In recent years there has been increased interest in the interior of the island where larger properties surrounded by land provide privacy for property owners which is simply not available on Mallorca’s coastline.
The offices in this area report that correctly priced properties for the current market obviously attract more attention. Generally property prices have come down between 10-12% and although there have been many speculative offers coming in way below the asking price which owners of properties will simply not entertain and prefer to wait.
A large four bedroom country house with views and land will cost an average of €3 million and a three bedroom townhouse will cost around €450,000. Property is now taking between a year and two years to sell. However, the encouraging factor is that there are many serious clients currently looking for property in this area.