Unique landscapes, traditional cultural experiences and a pleasant climate for large parts of the year: For many people, the Balearic island of Mallorca is a real dream environment for the purchase of a villa, a rustic house or an apartment.
Engel & Völkers is the leading company for real estate in Mallorca – regardless of whether that is defined in terms of annual sales, market share, the number of property shops, staff and real estate agents or the number of properties listed. The first Engel & Völkers office outside Germany opened in Palma de Mallorca in 1990. By then, the island was already very popular with international buyers. This marked the start of the company’s global expansion: it now has offices in more than 900 locations in 33 countries on four continents.
Engel & Völkers in Mallorca currently has around 2,000 properties for sale in different price categories on offer. They include villas, fincas, townhouses and apartments in towns and villages, in the countryside and in the mountains. Properties directly by the sea are particularly popular. Engel & Völkers also has rental properties and plots available in most areas.
In 2021, the transaction volume in Mallorca’s entire market surpassed the figures from previous years. The same is true of Engel & Völkers’ transaction volume. With 170 real estate advisors and employees, 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.
Source: Engel & Völkers Mallorca Market Report 2020/2021
At Engel & Völkers, the largest percentage of clients buying property on Mallorca are the Germans, at 66%, who are also the largest tourist visitor group. The British are the next largest buyer group, accounting for 9% of buyers, which is a slight decrease compared to the previous year.
The Spanish are in third place, currently at 8% (12% in the previous year) The Svandinavian are at 6%, Swiss are at 4%, Austrians at 2% and the French at 1% also represent notable groups of buyers.
The growth in sales in recent years has been accompanied by an expansion of the Engel & Völkers team. Having started with a small workforce in Palma de Mallorca in 1990, the company now has more than 170 employees and real estate agents working at various locations throughout the islands. To meet the needs of the international clientele, the experienced team operates in multiple languages. With their professionally tailored range of services, its real estate agents can meet the most discerning requirements and customer requests can be fulfilled in the shortest possible time. If the price is right, properties in prime locations – with excellent construction quality – are marketed rapidly by Engel & Völkers. The fastest property sale in Mallorca took less than two hours.
In 2021, Engel & Völkers’ transaction volume reached almost a billion euros in the Balearics, achieving figures higher than ever before (compared to the prior year: +113%). The Balearic Islands’ entire market was able to significantly exceed the figures of the previous years to achieve new records of around 6.6 billion euros (compared to the prior year: +81%). Engel & Völkers surpassed the performance of the entire market.
Mallorca in particular shows steadily growing interest from very wealthy buyers, making it clear the island is continuing to meet ever-increasing customer demands. Get to know our dedicated, knowledgeable team, who will be happy to assist you at any time when buying or selling your property in Mallorca!
The Engel & Völkers Mallorca Market Report 2020/2021 provides an overview of the development of the real estate market and shows the current market trends as well as potential opportunities. It has been compiled with, among other sources, figures from the Ministerio de Fomento (Ministry of Development) and the agency for tourism on the Balearic Islands that have been used as a basis. Likewise, Engel & Völkers has also worked alongside an independent market research company in the property sector, Casafari LLC.The analysis is based on a database of around 33,650 properties in the premium segment across the entire island. The following map shows the breakdown of the properties on offer in 2021, by island regions. Most of the properties on the market are in the region of Palma de Mallorca (36%) and the southwest of Mallorca (22%).
The chart below shows the breakdown of the 2021 property portfolio by region:
Source: Casafari LLC
The report also includes an analysis of property prices in Mallorca by region.
With Engel & Völkers Mallorca you have found the ideal partner for your upcoming real estate transaction in Mallorca: In 19 real estate shops in all regions of the island, our competent and experienced team of real estate agents is available to assist and support you with your purchase, sale or rental.Regardless of whether it is a villa, rustic house or apartment: Thanks to our exclusive portfolio and our extensive network of contacts, our real estate agents will quickly find the right offer for you or efficiently focus your marketing to obtain the best possible offer for you. Individual sales and letting strategies, a wide range of digital marketing options - such as a virtual 360-degree tour of real estate - as well as the holistic service concept from the first meeting to handing over the keys is what we offer you.
Taking your personal requirements and wishes into account is always the top priority for our real estate agents, so that you can benefit from a tailor-made offer at Engel & Völkers Mallorca. Thanks to extensive training measures and regularly updated market data, the Engel & Völkers Mallorca team is your real estate agent of choice: We look forward to successfully implementing your purchase, sale or rental in Mallorca!
Mo - Fr: 10:00 - 18:00
Missing required field
Invalid format. Expected email.
Invalid format. Expected phone.
I agree to the storage and use of my data according to the privacy statement and agree to the processing of my data within the Engel & Völkers Group to answer my contact request or request for information. I can revoke my consent at any time for the future.