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The Engel & Völkers Market Report Mallorca 2019/2020 - now available!

Find out more about the latest developments on the Mallorca property market

There is hardly a real estate location in Europe that is able to combine dreamlike landscapes and natural spaces, a modern infrastructure and a distinctive quality of relaxation and lifestyle as you can find on the Balearic island of Mallorca. From miles of sandy beaches and wild cliffs and mountains landscapes to Palma's cosmopolitan city atmosphere and exclusive residential areas. The sheer variety of local real estate locations is boundless.

Engel & Völkers has been present on Mallorca as a real estate agent since 1990: This is where the discerning buyer will find his dream property , whether it is a luxurious designer villa, a secluded country house or a comfortable apartment in a central location. Now we have published the Engel & Völkers Market Report 2019/2020: It is based on independent sources, including the official figures from the Spanish Ministry of Development, which registers every sale. Engel & Völkers also works exclusively in the Balearic Islands with Casafari LCC, an independent market research company in the real estate industry.
Find out everything about the current price development for villas, country houses, houses, apartments and plots in Mallorca in the new Engel & Völkers market report: Across 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.

Each region of the island is described with its individual properties and advantages, so that you can get a first picture of what you can expect when buying a property in Mallorca’s different locations: how high is the volume of the property market at this respective location? Which types of properties are in particular demand? How many golf courses, international schools and hospitals are in the vicinity? You can find answers to these and other questions in the new Engel & Völkers Mallorca Market Report 2019/2020.

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

The real estate market in the Balearic Islands has been at a high, stable level for years. For the third year in a row, the transaction volume is around 4 billion euros, which makes the real estate sector the second most important economic sector of the archipelago accounting for 21% of the gross domestic product. Almos 1.8 billion euros in sales recently were generated via property purchases by international customers. This corresponds to around 40% of the transaction volume for the Balearic Islands as a whole. This share has also proven to be stable in recent years.

Despite these high transaction numbers, which sustainably strengthen the economic area of the Balearic Islands, the property market in Mallorca manages to strike a robust balance between property purchases and new sales offers, which is largely responsible for market stability over the past few years: While the years 2016 and 2017 experienced a slight excess demand, in 2018 and 2019 this was offset by a broader range of sales, as the graph below illustrates.

High quality new construction projects complement the sales offer on the island. Many of these properties are of excellent construction quality and are completed and ready for occupancy. You can find more information on this in our new Mallorca 2019/2020 Market Report!​

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

Over the past 30 years, Engel & Völkers has managed to establish itself with a total of 18 property shops in Mallorca, in which over 150 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 around 30% in the real estate business with international customers


Engel & Völkers is the market leader in Mallorca! Expressed in numbers, our real estate agents have quintupled their own transaction volume since 2009, so that the development in 2019 is in line with that of the overall market in Mallorca. At the end of the year, villas, country houses, apartments and land worth 470 million euros were marketed by Engel & Völkers Mallorca.
In the future too, the market trend is set to continue its stable course for Mallorca's high- revenue real estate sector: in addition to the market equilibrium mentioned, other public investments in the island's infrastructure and macroeconomic and political stability in Spain also ensure positive future forecasts. 


In addition, the industry association ABINI (Asociación Balear Inmobiliaria Nacional e Internacional) was recently launched with the cooperation of Engel & Völkers, which will further strengthen the interests of the Balearic real estate sector and thus contribute to the stability of this economic area, which is so important for the region.


Further current market information can be found in the new Engel & Völkers Mallorca Market Report 2019/2020. Simply click on the following banner to get to the interactive document!
Contact us now
Engel & Völkers
Mallorca
  • mallorca@engelvoelkers.com
    Headquarter Balearic Islands
    Spain
  • Fax: +34-971-67 24 14

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