The Engel & Völkers Market Report Mallorca 2021/2022 - now available!

All of our lives have changed due to Corona and suddenly we see our immediate surroundings in a completely new light. Our own home has gained fresh importance. It has become the centre for living, working, education, and an oasis of relaxation, too. Mallorca is not only characterised by its stunning landscapes—it is also attributed with a highly attractive real estate market underpinned by its outstanding infrastructure. Starting with accessibility: there is no other summer destination which can be reached from almost all cities in Europe like Palma Airport. Engel & Völkers has been active in Mallorca’s capital for more than 30 years and has therefore witnessed Palma’s transformation into a thriving capital thanks to the many international influences.

Mallorca stands out as a safe haven for properties. Those who purchase a property in Mallorca, whether as a financial investment, holiday home, or primary residence, can rely on the stability of the market. We are passionate about paving the way to our clients’ dream properties, advising them, and finding the properties that correspond to their wishes.

Engel & Völkers has been present in Mallorca for more than 30 years. This makes us proud, and as a leading real estate company, we are obliged to provide our customers with a thoroughly researched overview of the market. Everything that you, dear Mallorca enthusiasts, need to know in connection with buying and selling properties can be found in our Engel & Völkers Market Report Mallorca 2021/22.

Engel & Völkers Mallorca’s Market Report investigates the current market developments in detail and is based on independent sources such as the Spanish Ministry of Development (Ministerio de Fomento), the market research firm Casafari LLC, the Spanish Notary Association (Registradores), and the property valuation company Sociedad de Tasación.

  • Is this the ideal time to buy a property in Mallorca?
  • Does Mallorca have an infrastructure for all-year round living?
  • Where are the most desirable regions and how much does property cost there?

  • On approximately 40 informative pages you, as a prospective buyer, owner or investor, will find everything you need to know about the Mallorca property market and its latest developments. 

    The market development in the Balearic Islands: Real estate agent insights by Engel & Völkers

    The property market in the Balearics surpassed all the expectations in 2021: according to information from the Spanish Ministry of Transport, Mobility and Urban
    Agenda (MITMA), the transaction volume in the region's entire market was around 6.6 billion euros. This demonstrates growth of 81% in comparison to the previous year (2020: 3.6 billion euros) and a new record figure in over a decade. This shows that properties in the Balearics are seen as stable and secure investments even during the pandemic, both amongst Spanish buyers as well as international buyers.

    Mallorca´s Property Market

    Mallorca's varied coastline, kilometres of beaches, stunning bays with crystal clear waters, and the impressive rural landscapes of the Sierra Tramuntana,
    make the largest of the Balearic Islands also one of the most attractive property locations in the Mediterranean. Throughout the pandemic, Mallorca was regarded as a safe haven for long-term real estate investments thanks to its good accessibility, modern infrastructure, and outstanding quality of life. Those who invest in a property in Mallorca, whether as a financial investment, holiday home, or primary residence, can rely on the stability of the Mallorcan property market. Since 2012, the properties sold by Engel & Völkers have achieved an average annual increase in value of 9%.

    The consistent increase in the average price once again confirms the strength of Mallorca as a premium property location. International buyers appreciate the security of their investments and search for suitable properties in all of the island’s regions. The desire to have a property in Mallorca has been further reinforced due to Covid. There is barely any room for negotiation and purchasing decisions are made more quickly than ever. 

    Engel & Völkers Mallorca: Your real estate agent of choice!​

    Over the past 30 years, Engel & Völkers has managed to establish itself with a total of 19 property shops in Mallorca, in which over 170 professional, multi-lingual real estate agents are available to help you. In 1990 our first real estate shop outside of Germany opened on Mallorca to open up a market in which we now have a market share of nearly 30% of all real estate transactions by foreign clients. They are the company’s most important group of buyers in the Balearic Islands by far. 

    In 2021, the transaction volume in Mallorca’s entire market surpassed the figures from previous years. The team at Engel & Völkers Mallorca recorded the most successful financial year in the company’s history, with a transaction volume of around 891 million euros. In comparison to the previous year, the turnover more than doubled (2020: 411 million euros) and the development of the entire market was exceeded  As the market leader, the company has proven its high level of competence and its results are significantly above the performance of the overall market. 

    We are highly optimistic about the future and predict positive development in the overall situation. As a result of the short supply of properties on the market and the consistently high level of demand for high-quality real estate, we predict that prices will continue to rise in Mallorca. The island therefore remains a safe haven for property investors. The Government of the Balearic Islands’ commitment to sustainable, high-quality tourism, promoting various projects in the field of artificial intelligence, and environmentally friendly energy production fit in with our ambition of providing discerning clients with a first-class product: your property in Mallorca. 

    You can find out everything you need to know about buying and selling properties in Mallorca in our Engel & Völkers Market Report Mallorca 2021/22 and of course by talking to us - in person or on a video call!
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