We are looking back to an exceptional 2015, the sales in the centre and south of the island (municipality of Llucmajor) have nearly doubled.
A large amount of the buyers are still German speaking, but we have also seen a substantial increase in the Scandinavians, British and other European countries.
The average selling time in 2015 was 17 months, with an average price negotiation of 10%. Nevertheless, a number of properties have also been successfully sold in very short time and without any negotiation, a clear sign that today’s buyers recognize when a price is attractive.
The average marketing time for properties on the market with a realistic price and according to the current market has decreased, with 20% of sold properties achieving a sale in under three months.
We look forward to the upcoming year, expecting similar, if not, even better results.
Are you thinking of acquiring a property in Mallorca? Or maybe putting your property on the Island up for sale or to rent?
If so, please do not hesitate to contact us, our multilingual team will be delighted to advise you.