Real estate experts and investors have long recognized something that is particularly useful to you: the largest Balearic island of Mallorca, known all over Europe since 1960 for its fantastic climate and the breathtaking landscape of hills, bright forests and sandy beaches, offers the ideal conditions for buying your own dream property with its wide range of fincas, houses, condominiums and villas – or even a profitable possibility of renting.
Why is purchasing a finca worth it in Mallorca?
Mallorca is a beautiful Spanish island with great potential. The outback reveals wonderful, partially almost untouched, natural scenarios.
The coast and serpentines, especially on the west shores of the island, grottoes and caves, and the unmistakably mediterranean romance of small villages such as Deiá or Galilea – all this is quite impossible to unite as nicely in a location other than Mallorca. Combined with the diverse lifestyle of the capital Palma and the entire Southern coast, the good connection to the mainland via the international airport Palma de Mallorca and the moderate subtropical climate make the island a true all-rounder in the Spanish Mediterranean.
Benefit from favorable prices – for now …
The real estate market in Mallorca is changing. When analyzing all properties offered in Mallorca in 2016, one thing is quite obvious: the real estate market has transformed from a buyer’s market into a balanced market last year. Currently, there is a tendency towards a sales market. As a result, the demand for real estate in the premium segment exceeds the supply. Keep in mind, then, that the opportunity for a favorable purchase of real estate will fade, as the price level increases annually.
Whether you decide to live in your dream finca or rent out real estate on Mallorca, At Engel & Völkers Mallorca, we would love to advise you. Take a chance!