Tag Archive for: Engel & Völkers

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Madrid real estate market: Average price per square metre rose by 13 percent in 2022

  • Top prices of up to 14,000 euros per square metre in city centre 
  • Low exchange rate with the Euro drives buyer interest from the USA 

Hamburg, 11 May 2023. Located at the heart of the Spanish mainland with a population of more than three million, the capital Madrid is steeped in tradition and one of the most beautiful cities in Europe. Major museums, elegant boulevards, diverse architectural styles and well-tended parks all make up Madrid’s impressive cityscape. According to the annual report of the British market research company “Euromonitor International”, Madrid was the fourth most attractive city in the world in 2022. At the same time, the cost of living in Spain’s most important cultural and economic centre is relatively low compared to other cities in Western Europe, only adding to Madrid’s appeal – especially for young people and those looking for somewhere abroad to spend a workcation. This trend had a tangible impact on Madrid’s real estate market in 2022, as Juan-Galo Macià, CEO of Engel & Völkers Spain, Portugal and Andorra, confirms: “2022 was a historic year. Even though we witnessed greater uncertainty as a result of recent years of crisis, we registered over 36,000 property transactions in Madrid – the highest figure since 2006. The low exchange rate with the Euro and the ebbing away of the pandemic have reignited the desire abroad to buy.”

Prices per square metre and demand for apartments reach all-time highs 

According to the latest “Market Report on Real Estate in Spain and Andorra 2022/2023”, published by Engel & Völkers, property markets in Spain’s metropolitan regions are showing vitality, with price rises – and in some cases significant increases – despite rising inflation rates and interest rate hikes. Madrid, for example, saw the highest property price increases in the whole of Spain last year: the average price per square metre rose by 13 percent to 5,570 euros compared to the previous year (2021: 4,930 euros per square metre). This is the second year in a row that the capital has seen a double-digit increase (2020 to 2021: + 12 percent). “Madrid’s prices per square metre have once again reached an all-time high. This upward trend is remarkable, especially in these challenging times, and demonstrates that homes in attractive locations remain in demand and stable in value in the long term,” Juan-Galo Macià says.

One of the very good locations in the city is, first and foremost, the prestigious Salamanca district in the very centre of Madrid. With an average price per square metre of 7,662 euros, it is also the most expensive residential district in the capital. It is where the political and financial elite gravitate, and is also the preferred place of residence for Spain’s international fashion industry. The ideal listing here is a premium apartment or penthouse with some 200 square metres of living space in the immediate vicinity of the luxury fashion houses, and top prices for such homes can reach almost 14,000 euros per square metre. Salamanca is followed by the neighbouring top districts of Retiro (5,261 euros per square metre on average), Centro (5,256 euros per square metre on average) and Chamartín (5,222 euros per square metre on average).

One strong residential trend registered by Engel & Völkers in Madrid’s city centre in 2022 is the increased interest from buyers in inner-city apartments, especially those spanning 150 square metres of living space with three rooms and a small balcony. “We are seeing huge demand for apartments in neighbourhoods close to the city centre as a result of the increased international interest. Madrid is booming and the strong interest is driving prices up, including on the rental market. The average rent in the city centre has risen by 23 percent to over 20 euros per square metre within the space of a year. This development has been spurred on by the current challenges facing prospective buyers, like more difficult lending terms,” Juan-Galo Macià reveals. The high prices dominating in central locations also meant that the surrounding Madrid region, including the Montecarmelo, Sanchinarro and Las Tablas districts, grew even more in popularity in 2022. The average price per square metre is slightly lower, at 3,144 euros, but, here too, there was a double-digit price rise of 20 percent over the previous year (2021: 2,620 euros). Madrid’s suburbs score particularly well among families as they have a broad range of expansive properties to offer, ranging from apartments with large terraces to villas with sprawling gardens.

Strong international demand provides continued momentum

Approximately 23 percent of the sales transactions carried out by Engel & Völkers in Madrid involved international parties, marking an increase of approx. 40 percent over the previous year. The majority of these buyers came from Mexico, France, and the USA. The number of US buyers rose particularly: In 2022, the share of US clients was at 2.12 percent and has thus grown by more than twice as much (2021: 1.09 percent). This development is due primarily to the strength of the Dollar and the historic weakness of the Euro, which fell to parity with the Dollar in mid-2022. “The low exchange rate with the Euro greatly increased the attractiveness for US buyers of investing in European real estate markets,” Juan-Galo Macià confirms, adding: “Despite the rising prices, Madrid still holds a particularly special appeal here – as both prices and the cost of living are still very competitive compared to other major European cities.” Around 60 percent of Engel & Völkers search clients last year were looking for a property in Madrid as a permanent first home, while 25 percent were seeking an investment property and 15 percent were looking to buy a second home.

Outlook: No turnaround in price rises expected for 2023

For 2023, Engel & Völkers forecasts a continuation of last year’s development on the Madrid real estate market. “There are no signs at present that the current market trend is set to change in any fundamental way. In essence, demand remains higher than supply in the Madrid region. The capital is one of the most attractive regions for real estate investments in Spain. This has been reaffirmed by the strong level of domestic demand and the increased interest of foreign buyers in 2022, and it will continue to drive prices up,” says Juan-Galo Macià. He goes on to predict that: “The level of interest from international buyers will also be a fundamental pillar bringing vitality to the market this year.”

Please be sure to include copyright notice when using any of the images.

Photo credit: Engel & Völkers Market Center Madrid)

Exklusive apartment in Almagro


Located in the elegant neighbourhood of Almagro, this spacious apartment is situated in a classic villa from the turn of the century, which is being marketed by Engel & Völkers for 8.9 million euros. The apartment spans over 356 square metres of living space and features seven bedrooms, five bathrooms, a spacious living room, a modern kitchen, and nine balconies. The property’s highlights include high-quality decor such as large marble columns, original hardwood flooring, and custom wall panelling.

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Engel & Völkers expands global presence with market entry into Costa Rica

Engel & Völkers expands global presence with market entry into Costa Rica

  • The international real estate Group opens first shops in Playa Hermosa/ Papagayo and Tamarindo

Hamburg, 02 March 2023. Costa Rica, located between Nicaragua and Panama, is regarded as one of the most progressive nations in Latin America and is a sought-after destination for expats.

#CostaRica #Engel&Völkers #luxury #luxuryrealestate #RealEstate #realestate #myluxepoint #luxe #lujo

Engel & Völkers entered Costa Rica at the beginning of the year, pressing ahead on its international course of expansion with the opening of its first residential property shops in Playa Hermosa/Papagayo and Tamarindo, respectively. “We are delighted to have Carlina Sarabia, Jessica Anawalt Johnson and Jorge Jimenez on board managing this new venture – three strong partners with many years of experience in the real estate industry, as well as extensive networks and in-depth knowledge of the market,” says Anthony Hitt, CEO of Engel & Völkers North and Central America. This new brokerage region for Engel & Völkers encompasses the regions along the Pacific coastline of Costa Rica – from Santa Cruz to Santa Teresa, including Las Catalinas, Flamingo, Potrero, Brasilito, Playa Conchal, Matapalo, Playa Grande, Playa Tamarindo, Playa Langosta, Playa Avellanas, Los Pargos, Playa Negra and Playa Junquillal.

Strong international demand for real estate in Costa Rica

With its mild climate, diverse terrain, idyllic beaches and stable political climate, the country is attracting ever-greater numbers of retirees, students, families and digital nomads from all over the world – as reflected in the growing level of international demand. “The timing for our market entry was chosen very deliberately. Over recent years, Costa Rica has evolved into an up-and-coming residential and investment location, making it an especially exciting growth market for us, with enormous potential for development. Buyers from Canada in particular are showing an interest in real estate here, as prices and the cost of living are still moderate compared to their own country. The market is also becoming increasingly attractive for prospective buyers from the USA, France, Germany, the UK, Australia and Israel,” Anthony Hitt shares.

“We are seeing strong interest in professional advice regarding premium real estate in Costa Rica. The country’s special mix of a relaxed lifestyle and pristine natural beauty makes it a unique place offering a superb quality of life. We are excited to be able to support and advise our clients, together with Engel & Völkers, as they acquire a first or second home here,” says Carlina Sarabia, Licence Partner of Engel & Völkers Costa Rica.

To find out more, please visit costarica.evrealestate.com

 

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Engel & Völkers reporta 1.200 millones de euros en ingresos por comisiones del Grupo para 2022

Engel & Völkers reporta 1.200 millones de euros en ingresos por comisiones del Grupo para 2022

Hamburgo, 1 de febrero de 2023 .  Engel & Völkers, la plataforma líder para agentes inmobiliarios, informa ingresos por comisiones del Grupo de 1.200 millones de euros para el año fiscal 2022. Bienes inmuebles por un valor total de aprox. Se negociaron 39.000 millones de euros en todo el mundo .

“A pesar del inicio de un período de enfriamiento en el mercado inmobiliario, nuestro rendimiento de facturación coincidió con el del año anterior, superando los 1.200 millones de euros. También logramos impulsar la expansión internacional en nuestros mercados principales y aumentar el número de agentes que trabajan bajo nuestra marca”, dice Sven Odia, director ejecutivo global de Engel & Völkers, y continúa: “En el clima de mercado actual, la experiencia, la experiencia y la profesionalidad son diferenciadores clave cuando se trata de fortalecer la lealtad del cliente y obtener una participación de mercado aún mayor. En la segunda mitad de 2022, vimos que los vendedores se sienten particularmente atraídos por nosotros por nuestro conocimiento especializado elaborado, así como por el apoyo personal intensivo que brindamos al negociar sus propiedades. También confían en nuestra marca, que se ha establecido a nivel mundial. En 2023,

Los bienes raíces como ancla de estabilidad

“La guerra en Ucrania y sus ramificaciones en forma de escasez de materias primas, la crisis energética y el aumento de la inflación y las tasas hipotecarias hicieron que 2022 trajera un conjunto especial de circunstancias que aún continúa. Este estado de ánimo de incertidumbre condujo, a su vez, a cierta renuencia a comprar en algunos de nuestros mercados”, dice Sven Odia. Él continúa diciendo: “Sin embargo, todavía hay una gran demanda de bienes raíces, como un refugio seguro y una inversión de capital que brinda confiabilidad en términos de retención de valor. Las propiedades se ven como un ancla de estabilidad, especialmente en el segmento premium, y se utilizan como un método atractivo para proteger los activos a largo plazo”. Entre enero y diciembre de 2022, Engel & Völkers cerró un 10 por ciento más de transacciones inmobiliarias en el segmento superior de propiedades por valor de más de 10 millones de euros.

Junto con el rendimiento estable de los ingresos del Grupo, el número de agentes inmobiliarios está creciendo continuamente. En 2022, más de 1000 agentes y 53 tiendas se unieron a la plataforma en todo el mundo. “Les ofrecemos una marca global y reconocida, una red internacional y una plataforma excelente que aprovecha las últimas tecnologías. Esta oferta seguirá atrayendo a muchos expertos del mercado en el futuro, lo que a su vez llevará la profesionalización continua del Grupo al siguiente nivel. Somos cautelosamente optimistas sobre los desarrollos del próximo año”, concluye Sven Odia.

ENGEL  &  VÖLKERS
Engel & Völkers GmbH
Equipo de Comunicación Corporativa Global
Vancouverstrasse 2a
20457 Hamburgo
Alemania
T: +49 40-36 13 11 20

Sobre Engel & Völkers: Engel & Völkers es una de las empresas de servicios líderes en el mundo especializada en el corretaje de propiedades residenciales premium, bienes raíces comerciales, yates y aviones. Desde hace más de 40 años, los deseos y necesidades de los clientes privados e institucionales han tenido la máxima prioridad, dando lugar al desarrollo continuo de una gama de servicios relacionados con todos los aspectos de la propiedad inmobiliaria. Las ventas y arrendamientos, así como la consultoría para diversas oportunidades de inversión en el segmento inmobiliario, se encuentran entre las competencias centrales de más de 16.500 personas que operan bajo la marca Engel & Völkers. La compañía opera actualmente en más de 30 países en los cinco continentes. Los programas intensivos de formación en su Academia inmobiliaria interna y el alto nivel de garantía de calidad que rige su prestación de servicios sistemáticamente estructurados son factores clave que explican el éxito de la empresa. Engel & Völkers desarrolla herramientas digitales y productos informáticos de forma continua para mantener su servicio lo más eficiente posible. Al hacerlo, la empresa está estableciendo nuevos estándares en soluciones digitales para el corretaje de propiedades. www.engelvoelkers.com

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Propiedades de lujo en Zúrich: mercado de bienes raíces residenciales: los precios se mantienen estables después de un período de crecimiento

Propiedades de lujo en Zúrich: mercado de bienes raíces residenciales: los precios se mantienen estables después de un período de crecimiento

  • Precio máximos de 35.000 francos suizos (aprox. 35.000 euros) por metro cuadrado
  • Tendencia sostenida al alza para apartamentos urbanos modernos y mansiones históricas

Hamburgo / Zúrich, 18 de enero de 2022. Zúrich se encuentra entre las ciudades del mundo que ofrecen la mayor calidad de vida. Como uno de los principales centros financieros y económicos de Europa, la ciudad atrae a muchos compradores privados e inversores institucionales. Con una población que ahora alcanza los 440.000 habitantes, en la actualidad vive más gente que nunca en Zúrich. “En el tercer trimestre de 2022, los precios de las propiedades residenciales en Zúrich solo aumentaron ligeramente (+0,6 %) con respecto al mismo trimestre del año pasado. En vista de la continua demanda de compradores nacionales e internacionales, junto con la oferta extremadamente limitada de propiedades en ubicaciones privilegiadas, esperamos que los precios se estabilicen en un máximo en 2023”, dice Axel Kühn, socio licenciatario de Engel & Völkers Zurich Paradeplatz & Oerlikon. El precio medio por metro cuadrado de los apartamentos del segmento de lujo está actualmente entre 22.000 y 35.000 francos suizos (aprox. 22.000 a 35.000 euros). El precio medio de venta de mansiones y viviendas unifamiliares con interiores habitables de unos 300 metros cuadrados es de 9 millones de francos suizos (aprox. 9 millones de euros). El crecimiento constante de la población seguirá impulsando este exceso de demanda, lo que significa que, a pesar de las perspectivas económicas actuales y el aumento de las tasas de interés, se puede esperar que los precios se mantengan estables en el centro de la ciudad, en ubicaciones privilegiadas y en las regiones circundantes. La alta calidad de vida, la diversa gama de ofertas culturales e instituciones educativas y la proximidad a las montañas hacen de Zúrich una atractiva residencia principal. Junto con los bancos tradicionales y las compañías de seguros, muchas empresas tecnológicas y nuevas empresas han trasladado recientemente su sede a Zúrich. Esta tendencia por sí sola significará que el atractivo de la ciudad como lugar para vivir y trabajar seguirá aumentando.

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Los atractivos factores de ubicación y un alto nivel de vida atraen a compradores internacionales

Alrededor de 120.000 empresas tienen su sede en Zúrich, formando una red dinámica de grandes corporaciones internacionales, empresas medianas innovadoras y pequeñas empresas altamente especializadas. “La floreciente escena de empresas emergentes da un impulso adicional a su estatus como centro de negocios, lo que a su vez está impulsando a muchos jóvenes talentos y una fuerza laboral altamente calificada de todo el mundo a establecerse aquí y, después de las experiencias iniciales de alquiler, actuar en consecuencia”. sus planes de compra a largo plazo”, dice Lars Keller, socio licenciatario de Engel & Völkers Zurich & Zurichberg. Si bien los clientes nacionales representan alrededor del 75 por ciento del mercado inmobiliario, el 25 por ciento de todas las transacciones inmobiliarias en Zúrich ahora se pueden atribuir a compradores extranjeros que viven en Suiza, y esta cifra va en aumento. La mayoría de los posibles compradores proceden de Alemania, la Unión del Benelux, el Reino Unido, Francia, Italia, Europa del Este y Escandinavia.

Los mejores precios para propiedades residenciales en ubicaciones de ladera en el lago de Zúrich

Entre los lugares más exclusivos se encuentran Fluntern y Hottingen al pie del Zurichberg. Estos dos vecindarios residenciales se encuentran al este del centro histórico de la ciudad y combinan los beneficios de la vida suburbana con el lujo de un amplio entorno natural. Las muchas oportunidades para correr y andar en bicicleta de montaña hacen que este lugar sea particularmente popular entre los clientes que disfrutan de un estilo de vida deportivo y activo. Las propiedades históricas en grandes parcelas con magníficos jardines y vistas despejadas al lago de Zúrich y los Alpes tienen una gran demanda aquí. En 2022, solo una pequeña cantidad de propiedades de este calibre cambiaron de manos por decenas de millones. Se alcanzaron precios máximos por metro cuadrado de más de 33 000 francos suizos (aprox. 33 000 euros) para apartamentos de alta gama.

El barrio de Enge está situado al suroeste del centro de la ciudad. Las propiedades residenciales aquí están ubicadas sobre una ladera salpicada de grandes parques llenos de árboles maduros. Esta zona es especialmente popular entre las familias jóvenes debido a que se encuentra a poca distancia del centro de negocios de Zúrich y de los lugares para bañarse junto al lago. En 2022, las casas adosadas se vendieron aquí por hasta 10 millones de francos suizos (aprox. 10,1 millones de euros). El precio máximo por metro cuadrado de los apartamentos tipo loft llegaba a los 24.500 francos suizos (aprox. 24.500 euros).

Höngg se encuentra sobre el río Limmat en las laderas del “Käferberg”. Gracias a su ubicación orientada al sur con vistas al centro de la ciudad, el lago de Zúrich y el valle de Limmat, este barrio es muy buscado por familias y viajeros. Los residentes aquí también valoran la proximidad a las áreas recreativas locales de Waidberg/Käferberg, así como las cómodas conexiones de transporte al centro de la ciudad y al aeropuerto de Zúrich, al que se puede llegar en solo 15 minutos en coche. En 2022, las mansiones en Höngg se vendieron por un promedio de 4 a 5 millones de francos suizos (aprox. 4 a 5 millones de euros).

Zurich West es el antiguo barrio industrial y uno de los distritos emergentes de la ciudad. Este distrito de moda tiene un estilo alternativo cautivador y crea un contraste arquitectónico con el pintoresco casco antiguo. Una gran cantidad de diferentes cafés, vibrantes tiendas de artesanía y boutiques de segunda mano se suman al encanto de Zúrich Oeste. Esta zona de la ciudad es particularmente popular entre estudiantes y jóvenes emprendedores. Los precios máximos por metro cuadrado para los apartamentos de dominio absoluto aquí en 2022 alcanzaron los 23 500 francos suizos (aprox. 23 500 euros).

Perspectivas de bienes raíces de lujo: área económica próspera para salvaguardar precios altos

Nuevos proyectos de construcción como “Europaallee” justo al lado de la estación principal de trenes de Zúrich, el complejo residencial “Käferholz” con más de 200 apartamentos premium de dominio absoluto y “Hamberger Park” con apartamentos de lujo están jugando su papel en la evolución estructural en curso del ciudad y atraer a corporaciones de renombre como Google. Zúrich se está volviendo cada vez más cosmopolita con la afluencia de expatriados que la acompaña, sin perder nada de su herencia histórica como centro de cultura. Los aumentos sostenidos de los precios en los últimos años demuestran que el mercado inmobiliario regional de Suiza está experimentando un crecimiento estable. Para 2023, se espera que los precios se estabilicen en un máximo. “Gracias a su valor estable, las propiedades residenciales en Zúrich y sus alrededores son una inversión sólida y preparada para el futuro”, dice Kerstin Kühn, socio licenciatario de Engel & Völkers Zurich Paradeplatz & Oerlikon, quien luego hace una recomendación: “Céntrese en las propiedades en comunidades bien desarrolladas en áreas suburbanas o rurales que ofrecen espacio para establecer una oficina en el hogar o, alternativamente, enfocarse en micro-apartamentos en el centro de la ciudad”.

Subtítulos:

Classic mansion in Wollishofen

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Situada en el corazón del barrio Wollishofen de Zúrich, Engel & Völkers tiene actualmente a la venta esta mansión histórica que data de 1895 (precio a consultar). La propiedad se encuentra en una parcela de unos 2.000 metros cuadrados, con un total de 15 habitaciones repartidas en tres plantas. La mansión es impresionante por sus detalles refinados que incluyen pisos de parquet originales, techos de estuco restaurados y papel tapiz de seda especialmente hecho. (Fuente de la imagen: Engel & Völkers Zurich Paradeplatz)

Exclusive freehold apartment on the Sonnenberg

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Situado en el “Sonnenberg”, este exclusivo apartamento está a la venta por 4,3 millones de francos suizos (aprox. 4,4 millones de euros). El apartamento de 2,5 habitaciones está ubicado en un edificio con cinco unidades residenciales en total. Ofrece comodidades de última generación en sus interiores, que abarcan 113 metros cuadrados. La propiedad también cuenta con una gran terraza cubierta y, gracias a su orientación suroeste, es ideal para los propietarios que buscan disfrutar de una vista panorámica de la ciudad y los viñedos de los alrededores. (Fuente de la imagen: Engel & Völkers Zurich Zurichberg)

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Engel & Völkers Artá | Mallorca: Year-round demand ensures stable price development

Mallorca: Year-round demand ensures stable price development

  • Buying motives of real estate clients in centre and northeast of the island focus on renewed closeness to nature and sustainability
  • Properties with top building standards offer potential for appreciation in value

Hamburg, 01 November 2022. Mallorca is the top dream destination for many German-speaking property buyers. The Balearic island is set to remain highly sought-after as an investment location in 2023. “Clients with long-term investment plans can enjoy the benefits of secluded living here, as well as the excellent infrastructure and year-round access to exclusive recreational and cultural activities, plus the broad choice offered by 17 international schools,” says Florian Hofer, Managing Director of Engel & Völkers in the Balearics. The focus of prospective property buyers has recently shifted, away from tourist hotspots, to the mountain villages steeped in history in the centre of the island and in the northeast. Client interest is increasingly focused on traditional finca estates and renovated townhouses, as well as contemporary new builds that meet the higher demands in terms of sustainability and eco standards. The limited availability of property listings and the consistent demand mean that prices are expected to stabilise at a high level moving forward.

Centre of the island: Short times to market for authentic country houses and upmarket rural estates

Inland in Mallorca’s central region, many historic mountain villages can be found nestled in glorious countryside dotted with almond and olive groves, and wine-growing estates. Traditional villages such as Alaró, Binissalem and Santa María are extremely desirable among buyers. With their beloved weekly markets, they are a magnet for local artisans, winegrowers and farmers alike. “Those looking to acquire real estate appreciate the proximity to the capital Palma, as well as the high degree of privacy offered by the substantial plots of land, where a return to nature and a more unspoilt, authentic Majorcan lifestyle can be experienced,” says Christina Deutsch, Managing Partner of Engel & Völkers Mallorca Centre & South. She is observing the following trend: “Real estate clients are looking increasingly at opportunities to own a sustainable home, and are drawn by the option of self-sufficiency, such as from growing olives or grapes in their own garden.” Demand is especially high for traditional country houses with expansive gardens and pools, as well as for authentic finca estates clad with a typical Majorcan stone façade. Such properties in prime locations in Santa María currently have average asking prices of 3 million euros. In the municipalities of Alaró and Bunyola, prices are between 2 and 3 million euros. Neighbouring towns like Binissalem and Consell command prices ranging from 1.5 to 2 million euros. The majority of buyers at the centre of Mallorca are from German-speaking countries. Recently, increasing numbers of prospective buyers from Spain, France, Belgium and the USA have been observed.

Northeast: High demand for retreats in nature and eco-efficient new properties

The northeast of Mallorca is blessed with unspoiled nature and breathtaking coastlines. Canyamel, Costa de los Pinos and Artà are among the most sought-after regions, where the Mediterranean flair of the Balearic island can be experienced in full, far removed from the heavily frequented tourist hotspots. Exclusive finca estates and villas with expansive outdoor areas, gardens and terraces with sea views are among the most desirable properties for sale in the north of the island. In prime locations around Artà and Colònia de St. Pere, the average asking prices for such homes are 1.9 million euros. In the coastal resorts between Cala Mesquida and Canyamel, and in the municipality of Manacor, prices range between 1.5 and 1.8 million euros. “Many buyers are opting to acquire a holiday property in their favourite destination and extend their stays on the island to combine holidays with remote working,” says Rainer Fischer, Managing Partner of Engel & Völkers Mallorca Northeast, adding: “The incredible restaurant scene and wealth of opportunities to pursue outdoor activities like golfing, sailing, hiking, or tennis at the Rafael Nadal Tennis Academy, give the region yet another boost in appeal.” The majority of search clients in the northeast are from German-speaking countries. There has recently been an increase in demand from people in the Netherlands looking for a new home on the island.

Outlook: Real estate as a long-term investment

“Residential properties at the centre of the island and in the northeast are particularly attractive for their moderate prices and potential for future appreciation in value. They serve as a long-term capital investment, offering a steadfast form of protection from inflation compared to other investment alternatives,” Florian Hofer says in summary. In view of Mallorca’s ongoing evolution into a destination for top-end tourism and the Balearic government’s constant investment in the development of the island’s infrastructure, the experts at Engel & Völkers are confident that the market will continue to see positive growth. 

 

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Refurbished 17th century estate with modern standards
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This listed country house was built in 1604 between Alaró and Santa María. Its interiors span some 1,051 square metres in total, with six bedrooms and five bathrooms. Set in picturesque natural surroundings in the centre of Mallorca, the property extends over a plot of approximately two hectares. It is on the market for 6.85 million euros and features an outdoor pool and its own fountain, as well as an expansive terrace and garden grounds.
(Image source: Engel & Völkers Mallorca Central)

Eco-efficient country estate in Petra
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Just a short walk from the winegrowing town of Petra, this traditional Majorcan property is currently listed with Engel & Völkers for 2.9 million euros. It spans some 876 square metres in total, consisting of two fully appointed houses separated by an outdoor pool and sourced with solar power. The main house boasts a spacious living and dining room, a kitchen, and five bedrooms. While the second house has a tourist rental licence for up to twelve people, and features a living and dining room with kitchen, and six en suite bedrooms. (Image source: Engel & Völkers Mallorca Central)

Modern villa with sea views in Canyamel
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This newly built and ultra-modern villa is located on the sunny side of the coastal resort of Canyamel, close to Capdepera in the northeast of Majorca. It is on sale for 4.9 million euros. The three-level property spans 671 square metres in total, with four bedrooms, five bathrooms, a spacious living room, and a separate dining room with open plan kitchen, plus a home gym and home cinema. All the rooms and expansive terraces afford panoramic views out to the sea, taking in the spectacular coastal panorama of Canyamel. (Image source: Engel & Völkers Artá)

Charming finca estate in Costa de los Pinos
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Very close to the coastal resorts of Costa de los Pinos and Port Vert, Engel & Völkers is currently brokering this exceptional finca estate with an asking price of 4.5 million euros. The property features a pool and has a plot spanning 7,100 square metres, with an interior of 522 square metres in size, including six bedrooms and six bathrooms. Premium natural materials were used in the construction, including untreated marble tiling, antique ceiling beams and teak window frames.
(Image source: Engel & Völkers Artá)

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Engel & Völkers Artá | Mallorca: Year-round demand ensures stable price development

Mallorca: Year-round demand ensures stable price development

  • Buying motives of real estate clients in centre and northeast of the island focus on renewed closeness to nature and sustainability
  • Properties with top building standards offer potential for appreciation in value

Hamburg, 01 November 2022. Mallorca is the top dream destination for many German-speaking property buyers. The Balearic island is set to remain highly sought-after as an investment location in 2023. “Clients with long-term investment plans can enjoy the benefits of secluded living here, as well as the excellent infrastructure and year-round access to exclusive recreational and cultural activities, plus the broad choice offered by 17 international schools,” says Florian Hofer, Managing Director of Engel & Völkers in the Balearics. The focus of prospective property buyers has recently shifted, away from tourist hotspots, to the mountain villages steeped in history in the centre of the island and in the northeast. Client interest is increasingly focused on traditional finca estates and renovated townhouses, as well as contemporary new builds that meet the higher demands in terms of sustainability and eco standards. The limited availability of property listings and the consistent demand mean that prices are expected to stabilise at a high level moving forward.

Centre of the island: Short times to market for authentic country houses and upmarket rural estates

Inland in Mallorca’s central region, many historic mountain villages can be found nestled in glorious countryside dotted with almond and olive groves, and wine-growing estates. Traditional villages such as Alaró, Binissalem and Santa María are extremely desirable among buyers. With their beloved weekly markets, they are a magnet for local artisans, winegrowers and farmers alike. “Those looking to acquire real estate appreciate the proximity to the capital Palma, as well as the high degree of privacy offered by the substantial plots of land, where a return to nature and a more unspoilt, authentic Majorcan lifestyle can be experienced,” says Christina Deutsch, Managing Partner of Engel & Völkers Mallorca Centre & South. She is observing the following trend: “Real estate clients are looking increasingly at opportunities to own a sustainable home, and are drawn by the option of self-sufficiency, such as from growing olives or grapes in their own garden.” Demand is especially high for traditional country houses with expansive gardens and pools, as well as for authentic finca estates clad with a typical Majorcan stone façade. Such properties in prime locations in Santa María currently have average asking prices of 3 million euros. In the municipalities of Alaró and Bunyola, prices are between 2 and 3 million euros. Neighbouring towns like Binissalem and Consell command prices ranging from 1.5 to 2 million euros. The majority of buyers at the centre of Mallorca are from German-speaking countries. Recently, increasing numbers of prospective buyers from Spain, France, Belgium and the USA have been observed.

Northeast: High demand for retreats in nature and eco-efficient new properties

The northeast of Mallorca is blessed with unspoiled nature and breathtaking coastlines. Canyamel, Costa de los Pinos and Artà are among the most sought-after regions, where the Mediterranean flair of the Balearic island can be experienced in full, far removed from the heavily frequented tourist hotspots. Exclusive finca estates and villas with expansive outdoor areas, gardens and terraces with sea views are among the most desirable properties for sale in the north of the island. In prime locations around Artà and Colònia de St. Pere, the average asking prices for such homes are 1.9 million euros. In the coastal resorts between Cala Mesquida and Canyamel, and in the municipality of Manacor, prices range between 1.5 and 1.8 million euros. “Many buyers are opting to acquire a holiday property in their favourite destination and extend their stays on the island to combine holidays with remote working,” says Rainer Fischer, Managing Partner of Engel & Völkers Mallorca Northeast, adding: “The incredible restaurant scene and wealth of opportunities to pursue outdoor activities like golfing, sailing, hiking, or tennis at the Rafael Nadal Tennis Academy, give the region yet another boost in appeal.” The majority of search clients in the northeast are from German-speaking countries. There has recently been an increase in demand from people in the Netherlands looking for a new home on the island.

Outlook: Real estate as a long-term investment

“Residential properties at the centre of the island and in the northeast are particularly attractive for their moderate prices and potential for future appreciation in value. They serve as a long-term capital investment, offering a steadfast form of protection from inflation compared to other investment alternatives,” Florian Hofer says in summary. In view of Mallorca’s ongoing evolution into a destination for top-end tourism and the Balearic government’s constant investment in the development of the island’s infrastructure, the experts at Engel & Völkers are confident that the market will continue to see positive growth. 

 

Captions:

Refurbished 17th century estate with modern standards
Image Image  Image
This listed country house was built in 1604 between Alaró and Santa María. Its interiors span some 1,051 square metres in total, with six bedrooms and five bathrooms. Set in picturesque natural surroundings in the centre of Mallorca, the property extends over a plot of approximately two hectares. It is on the market for 6.85 million euros and features an outdoor pool and its own fountain, as well as an expansive terrace and garden grounds.
(Image source: Engel & Völkers Mallorca Central)

Eco-efficient country estate in Petra
Image Image  Image
Just a short walk from the winegrowing town of Petra, this traditional Majorcan property is currently listed with Engel & Völkers for 2.9 million euros. It spans some 876 square metres in total, consisting of two fully appointed houses separated by an outdoor pool and sourced with solar power. The main house boasts a spacious living and dining room, a kitchen, and five bedrooms. While the second house has a tourist rental licence for up to twelve people, and features a living and dining room with kitchen, and six en suite bedrooms. (Image source: Engel & Völkers Mallorca Central)

Modern villa with sea views in Canyamel
Image Image  Image
This newly built and ultra-modern villa is located on the sunny side of the coastal resort of Canyamel, close to Capdepera in the northeast of Majorca. It is on sale for 4.9 million euros. The three-level property spans 671 square metres in total, with four bedrooms, five bathrooms, a spacious living room, and a separate dining room with open plan kitchen, plus a home gym and home cinema. All the rooms and expansive terraces afford panoramic views out to the sea, taking in the spectacular coastal panorama of Canyamel. (Image source: Engel & Völkers Artá)

Charming finca estate in Costa de los Pinos
Image Image  Image
Very close to the coastal resorts of Costa de los Pinos and Port Vert, Engel & Völkers is currently brokering this exceptional finca estate with an asking price of 4.5 million euros. The property features a pool and has a plot spanning 7,100 square metres, with an interior of 522 square metres in size, including six bedrooms and six bathrooms. Premium natural materials were used in the construction, including untreated marble tiling, antique ceiling beams and teak window frames.
(Image source: Engel & Völkers Artá)

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Engel & Völkers Artá | Mallorca: Year-round demand ensures stable price development

Mallorca: Year-round demand ensures stable price development

  • Buying motives of real estate clients in centre and northeast of the island focus on renewed closeness to nature and sustainability
  • Properties with top building standards offer potential for appreciation in value

Hamburg, 01 November 2022. Mallorca is the top dream destination for many German-speaking property buyers. The Balearic island is set to remain highly sought-after as an investment location in 2023. “Clients with long-term investment plans can enjoy the benefits of secluded living here, as well as the excellent infrastructure and year-round access to exclusive recreational and cultural activities, plus the broad choice offered by 17 international schools,” says Florian Hofer, Managing Director of Engel & Völkers in the Balearics. The focus of prospective property buyers has recently shifted, away from tourist hotspots, to the mountain villages steeped in history in the centre of the island and in the northeast. Client interest is increasingly focused on traditional finca estates and renovated townhouses, as well as contemporary new builds that meet the higher demands in terms of sustainability and eco standards. The limited availability of property listings and the consistent demand mean that prices are expected to stabilise at a high level moving forward.

Centre of the island: Short times to market for authentic country houses and upmarket rural estates

Inland in Mallorca’s central region, many historic mountain villages can be found nestled in glorious countryside dotted with almond and olive groves, and wine-growing estates. Traditional villages such as Alaró, Binissalem and Santa María are extremely desirable among buyers. With their beloved weekly markets, they are a magnet for local artisans, winegrowers and farmers alike. “Those looking to acquire real estate appreciate the proximity to the capital Palma, as well as the high degree of privacy offered by the substantial plots of land, where a return to nature and a more unspoilt, authentic Majorcan lifestyle can be experienced,” says Christina Deutsch, Managing Partner of Engel & Völkers Mallorca Centre & South. She is observing the following trend: “Real estate clients are looking increasingly at opportunities to own a sustainable home, and are drawn by the option of self-sufficiency, such as from growing olives or grapes in their own garden.” Demand is especially high for traditional country houses with expansive gardens and pools, as well as for authentic finca estates clad with a typical Majorcan stone façade. Such properties in prime locations in Santa María currently have average asking prices of 3 million euros. In the municipalities of Alaró and Bunyola, prices are between 2 and 3 million euros. Neighbouring towns like Binissalem and Consell command prices ranging from 1.5 to 2 million euros. The majority of buyers at the centre of Mallorca are from German-speaking countries. Recently, increasing numbers of prospective buyers from Spain, France, Belgium and the USA have been observed.

Northeast: High demand for retreats in nature and eco-efficient new properties

The northeast of Mallorca is blessed with unspoiled nature and breathtaking coastlines. Canyamel, Costa de los Pinos and Artà are among the most sought-after regions, where the Mediterranean flair of the Balearic island can be experienced in full, far removed from the heavily frequented tourist hotspots. Exclusive finca estates and villas with expansive outdoor areas, gardens and terraces with sea views are among the most desirable properties for sale in the north of the island. In prime locations around Artà and Colònia de St. Pere, the average asking prices for such homes are 1.9 million euros. In the coastal resorts between Cala Mesquida and Canyamel, and in the municipality of Manacor, prices range between 1.5 and 1.8 million euros. “Many buyers are opting to acquire a holiday property in their favourite destination and extend their stays on the island to combine holidays with remote working,” says Rainer Fischer, Managing Partner of Engel & Völkers Mallorca Northeast, adding: “The incredible restaurant scene and wealth of opportunities to pursue outdoor activities like golfing, sailing, hiking, or tennis at the Rafael Nadal Tennis Academy, give the region yet another boost in appeal.” The majority of search clients in the northeast are from German-speaking countries. There has recently been an increase in demand from people in the Netherlands looking for a new home on the island.

Outlook: Real estate as a long-term investment

“Residential properties at the centre of the island and in the northeast are particularly attractive for their moderate prices and potential for future appreciation in value. They serve as a long-term capital investment, offering a steadfast form of protection from inflation compared to other investment alternatives,” Florian Hofer says in summary. In view of Mallorca’s ongoing evolution into a destination for top-end tourism and the Balearic government’s constant investment in the development of the island’s infrastructure, the experts at Engel & Völkers are confident that the market will continue to see positive growth. 

 

Captions:

Refurbished 17th century estate with modern standards
Image Image  Image
This listed country house was built in 1604 between Alaró and Santa María. Its interiors span some 1,051 square metres in total, with six bedrooms and five bathrooms. Set in picturesque natural surroundings in the centre of Mallorca, the property extends over a plot of approximately two hectares. It is on the market for 6.85 million euros and features an outdoor pool and its own fountain, as well as an expansive terrace and garden grounds.
(Image source: Engel & Völkers Mallorca Central)

Eco-efficient country estate in Petra
Image Image  Image
Just a short walk from the winegrowing town of Petra, this traditional Majorcan property is currently listed with Engel & Völkers for 2.9 million euros. It spans some 876 square metres in total, consisting of two fully appointed houses separated by an outdoor pool and sourced with solar power. The main house boasts a spacious living and dining room, a kitchen, and five bedrooms. While the second house has a tourist rental licence for up to twelve people, and features a living and dining room with kitchen, and six en suite bedrooms. (Image source: Engel & Völkers Mallorca Central)

Modern villa with sea views in Canyamel
Image Image  Image
This newly built and ultra-modern villa is located on the sunny side of the coastal resort of Canyamel, close to Capdepera in the northeast of Majorca. It is on sale for 4.9 million euros. The three-level property spans 671 square metres in total, with four bedrooms, five bathrooms, a spacious living room, and a separate dining room with open plan kitchen, plus a home gym and home cinema. All the rooms and expansive terraces afford panoramic views out to the sea, taking in the spectacular coastal panorama of Canyamel. (Image source: Engel & Völkers Artá)

Charming finca estate in Costa de los Pinos
Image Image  Image
Very close to the coastal resorts of Costa de los Pinos and Port Vert, Engel & Völkers is currently brokering this exceptional finca estate with an asking price of 4.5 million euros. The property features a pool and has a plot spanning 7,100 square metres, with an interior of 522 square metres in size, including six bedrooms and six bathrooms. Premium natural materials were used in the construction, including untreated marble tiling, antique ceiling beams and teak window frames.
(Image source: Engel & Völkers Artá)

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Engel & Völkers Artá | Mallorca: Year-round demand ensures stable price development

Mallorca: Year-round demand ensures stable price development

  • Buying motives of real estate clients in centre and northeast of the island focus on renewed closeness to nature and sustainability
  • Properties with top building standards offer potential for appreciation in value

Hamburg, 01 November 2022. Mallorca is the top dream destination for many German-speaking property buyers. The Balearic island is set to remain highly sought-after as an investment location in 2023. “Clients with long-term investment plans can enjoy the benefits of secluded living here, as well as the excellent infrastructure and year-round access to exclusive recreational and cultural activities, plus the broad choice offered by 17 international schools,” says Florian Hofer, Managing Director of Engel & Völkers in the Balearics. The focus of prospective property buyers has recently shifted, away from tourist hotspots, to the mountain villages steeped in history in the centre of the island and in the northeast. Client interest is increasingly focused on traditional finca estates and renovated townhouses, as well as contemporary new builds that meet the higher demands in terms of sustainability and eco standards. The limited availability of property listings and the consistent demand mean that prices are expected to stabilise at a high level moving forward.

Centre of the island: Short times to market for authentic country houses and upmarket rural estates

Inland in Mallorca’s central region, many historic mountain villages can be found nestled in glorious countryside dotted with almond and olive groves, and wine-growing estates. Traditional villages such as Alaró, Binissalem and Santa María are extremely desirable among buyers. With their beloved weekly markets, they are a magnet for local artisans, winegrowers and farmers alike. “Those looking to acquire real estate appreciate the proximity to the capital Palma, as well as the high degree of privacy offered by the substantial plots of land, where a return to nature and a more unspoilt, authentic Majorcan lifestyle can be experienced,” says Christina Deutsch, Managing Partner of Engel & Völkers Mallorca Centre & South. She is observing the following trend: “Real estate clients are looking increasingly at opportunities to own a sustainable home, and are drawn by the option of self-sufficiency, such as from growing olives or grapes in their own garden.” Demand is especially high for traditional country houses with expansive gardens and pools, as well as for authentic finca estates clad with a typical Majorcan stone façade. Such properties in prime locations in Santa María currently have average asking prices of 3 million euros. In the municipalities of Alaró and Bunyola, prices are between 2 and 3 million euros. Neighbouring towns like Binissalem and Consell command prices ranging from 1.5 to 2 million euros. The majority of buyers at the centre of Mallorca are from German-speaking countries. Recently, increasing numbers of prospective buyers from Spain, France, Belgium and the USA have been observed.

Northeast: High demand for retreats in nature and eco-efficient new properties

The northeast of Mallorca is blessed with unspoiled nature and breathtaking coastlines. Canyamel, Costa de los Pinos and Artà are among the most sought-after regions, where the Mediterranean flair of the Balearic island can be experienced in full, far removed from the heavily frequented tourist hotspots. Exclusive finca estates and villas with expansive outdoor areas, gardens and terraces with sea views are among the most desirable properties for sale in the north of the island. In prime locations around Artà and Colònia de St. Pere, the average asking prices for such homes are 1.9 million euros. In the coastal resorts between Cala Mesquida and Canyamel, and in the municipality of Manacor, prices range between 1.5 and 1.8 million euros. “Many buyers are opting to acquire a holiday property in their favourite destination and extend their stays on the island to combine holidays with remote working,” says Rainer Fischer, Managing Partner of Engel & Völkers Mallorca Northeast, adding: “The incredible restaurant scene and wealth of opportunities to pursue outdoor activities like golfing, sailing, hiking, or tennis at the Rafael Nadal Tennis Academy, give the region yet another boost in appeal.” The majority of search clients in the northeast are from German-speaking countries. There has recently been an increase in demand from people in the Netherlands looking for a new home on the island.

Outlook: Real estate as a long-term investment

“Residential properties at the centre of the island and in the northeast are particularly attractive for their moderate prices and potential for future appreciation in value. They serve as a long-term capital investment, offering a steadfast form of protection from inflation compared to other investment alternatives,” Florian Hofer says in summary. In view of Mallorca’s ongoing evolution into a destination for top-end tourism and the Balearic government’s constant investment in the development of the island’s infrastructure, the experts at Engel & Völkers are confident that the market will continue to see positive growth. 

 

Captions:

Refurbished 17th century estate with modern standards
Image Image  Image
This listed country house was built in 1604 between Alaró and Santa María. Its interiors span some 1,051 square metres in total, with six bedrooms and five bathrooms. Set in picturesque natural surroundings in the centre of Mallorca, the property extends over a plot of approximately two hectares. It is on the market for 6.85 million euros and features an outdoor pool and its own fountain, as well as an expansive terrace and garden grounds.
(Image source: Engel & Völkers Mallorca Central)

Eco-efficient country estate in Petra
Image Image  Image
Just a short walk from the winegrowing town of Petra, this traditional Majorcan property is currently listed with Engel & Völkers for 2.9 million euros. It spans some 876 square metres in total, consisting of two fully appointed houses separated by an outdoor pool and sourced with solar power. The main house boasts a spacious living and dining room, a kitchen, and five bedrooms. While the second house has a tourist rental licence for up to twelve people, and features a living and dining room with kitchen, and six en suite bedrooms. (Image source: Engel & Völkers Mallorca Central)

Modern villa with sea views in Canyamel
Image Image  Image
This newly built and ultra-modern villa is located on the sunny side of the coastal resort of Canyamel, close to Capdepera in the northeast of Majorca. It is on sale for 4.9 million euros. The three-level property spans 671 square metres in total, with four bedrooms, five bathrooms, a spacious living room, and a separate dining room with open plan kitchen, plus a home gym and home cinema. All the rooms and expansive terraces afford panoramic views out to the sea, taking in the spectacular coastal panorama of Canyamel. (Image source: Engel & Völkers Artá)

Charming finca estate in Costa de los Pinos
Image Image  Image
Very close to the coastal resorts of Costa de los Pinos and Port Vert, Engel & Völkers is currently brokering this exceptional finca estate with an asking price of 4.5 million euros. The property features a pool and has a plot spanning 7,100 square metres, with an interior of 522 square metres in size, including six bedrooms and six bathrooms. Premium natural materials were used in the construction, including untreated marble tiling, antique ceiling beams and teak window frames.
(Image source: Engel & Völkers Artá)

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Engel & Völkers Artá | Mallorca: Year-round demand ensures stable price development

Mallorca: Year-round demand ensures stable price development

  • Buying motives of real estate clients in centre and northeast of the island focus on renewed closeness to nature and sustainability
  • Properties with top building standards offer potential for appreciation in value

Hamburg, 01 November 2022. Mallorca is the top dream destination for many German-speaking property buyers. The Balearic island is set to remain highly sought-after as an investment location in 2023. “Clients with long-term investment plans can enjoy the benefits of secluded living here, as well as the excellent infrastructure and year-round access to exclusive recreational and cultural activities, plus the broad choice offered by 17 international schools,” says Florian Hofer, Managing Director of Engel & Völkers in the Balearics. The focus of prospective property buyers has recently shifted, away from tourist hotspots, to the mountain villages steeped in history in the centre of the island and in the northeast. Client interest is increasingly focused on traditional finca estates and renovated townhouses, as well as contemporary new builds that meet the higher demands in terms of sustainability and eco standards. The limited availability of property listings and the consistent demand mean that prices are expected to stabilise at a high level moving forward.

Centre of the island: Short times to market for authentic country houses and upmarket rural estates

Inland in Mallorca’s central region, many historic mountain villages can be found nestled in glorious countryside dotted with almond and olive groves, and wine-growing estates. Traditional villages such as Alaró, Binissalem and Santa María are extremely desirable among buyers. With their beloved weekly markets, they are a magnet for local artisans, winegrowers and farmers alike. “Those looking to acquire real estate appreciate the proximity to the capital Palma, as well as the high degree of privacy offered by the substantial plots of land, where a return to nature and a more unspoilt, authentic Majorcan lifestyle can be experienced,” says Christina Deutsch, Managing Partner of Engel & Völkers Mallorca Centre & South. She is observing the following trend: “Real estate clients are looking increasingly at opportunities to own a sustainable home, and are drawn by the option of self-sufficiency, such as from growing olives or grapes in their own garden.” Demand is especially high for traditional country houses with expansive gardens and pools, as well as for authentic finca estates clad with a typical Majorcan stone façade. Such properties in prime locations in Santa María currently have average asking prices of 3 million euros. In the municipalities of Alaró and Bunyola, prices are between 2 and 3 million euros. Neighbouring towns like Binissalem and Consell command prices ranging from 1.5 to 2 million euros. The majority of buyers at the centre of Mallorca are from German-speaking countries. Recently, increasing numbers of prospective buyers from Spain, France, Belgium and the USA have been observed.

Northeast: High demand for retreats in nature and eco-efficient new properties

The northeast of Mallorca is blessed with unspoiled nature and breathtaking coastlines. Canyamel, Costa de los Pinos and Artà are among the most sought-after regions, where the Mediterranean flair of the Balearic island can be experienced in full, far removed from the heavily frequented tourist hotspots. Exclusive finca estates and villas with expansive outdoor areas, gardens and terraces with sea views are among the most desirable properties for sale in the north of the island. In prime locations around Artà and Colònia de St. Pere, the average asking prices for such homes are 1.9 million euros. In the coastal resorts between Cala Mesquida and Canyamel, and in the municipality of Manacor, prices range between 1.5 and 1.8 million euros. “Many buyers are opting to acquire a holiday property in their favourite destination and extend their stays on the island to combine holidays with remote working,” says Rainer Fischer, Managing Partner of Engel & Völkers Mallorca Northeast, adding: “The incredible restaurant scene and wealth of opportunities to pursue outdoor activities like golfing, sailing, hiking, or tennis at the Rafael Nadal Tennis Academy, give the region yet another boost in appeal.” The majority of search clients in the northeast are from German-speaking countries. There has recently been an increase in demand from people in the Netherlands looking for a new home on the island.

Outlook: Real estate as a long-term investment

“Residential properties at the centre of the island and in the northeast are particularly attractive for their moderate prices and potential for future appreciation in value. They serve as a long-term capital investment, offering a steadfast form of protection from inflation compared to other investment alternatives,” Florian Hofer says in summary. In view of Mallorca’s ongoing evolution into a destination for top-end tourism and the Balearic government’s constant investment in the development of the island’s infrastructure, the experts at Engel & Völkers are confident that the market will continue to see positive growth. 

 

Captions:

Refurbished 17th century estate with modern standards
Image Image  Image
This listed country house was built in 1604 between Alaró and Santa María. Its interiors span some 1,051 square metres in total, with six bedrooms and five bathrooms. Set in picturesque natural surroundings in the centre of Mallorca, the property extends over a plot of approximately two hectares. It is on the market for 6.85 million euros and features an outdoor pool and its own fountain, as well as an expansive terrace and garden grounds.
(Image source: Engel & Völkers Mallorca Central)

Eco-efficient country estate in Petra
Image Image  Image
Just a short walk from the winegrowing town of Petra, this traditional Majorcan property is currently listed with Engel & Völkers for 2.9 million euros. It spans some 876 square metres in total, consisting of two fully appointed houses separated by an outdoor pool and sourced with solar power. The main house boasts a spacious living and dining room, a kitchen, and five bedrooms. While the second house has a tourist rental licence for up to twelve people, and features a living and dining room with kitchen, and six en suite bedrooms. (Image source: Engel & Völkers Mallorca Central)

Modern villa with sea views in Canyamel
Image Image  Image
This newly built and ultra-modern villa is located on the sunny side of the coastal resort of Canyamel, close to Capdepera in the northeast of Majorca. It is on sale for 4.9 million euros. The three-level property spans 671 square metres in total, with four bedrooms, five bathrooms, a spacious living room, and a separate dining room with open plan kitchen, plus a home gym and home cinema. All the rooms and expansive terraces afford panoramic views out to the sea, taking in the spectacular coastal panorama of Canyamel. (Image source: Engel & Völkers Artá)

Charming finca estate in Costa de los Pinos
Image Image  Image
Very close to the coastal resorts of Costa de los Pinos and Port Vert, Engel & Völkers is currently brokering this exceptional finca estate with an asking price of 4.5 million euros. The property features a pool and has a plot spanning 7,100 square metres, with an interior of 522 square metres in size, including six bedrooms and six bathrooms. Premium natural materials were used in the construction, including untreated marble tiling, antique ceiling beams and teak window frames.
(Image source: Engel & Völkers Artá)

/by
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Engel & Völkers Artá | Mallorca: Year-round demand ensures stable price development

Mallorca: Year-round demand ensures stable price development

  • Buying motives of real estate clients in centre and northeast of the island focus on renewed closeness to nature and sustainability
  • Properties with top building standards offer potential for appreciation in value

Hamburg, 01 November 2022. Mallorca is the top dream destination for many German-speaking property buyers. The Balearic island is set to remain highly sought-after as an investment location in 2023. “Clients with long-term investment plans can enjoy the benefits of secluded living here, as well as the excellent infrastructure and year-round access to exclusive recreational and cultural activities, plus the broad choice offered by 17 international schools,” says Florian Hofer, Managing Director of Engel & Völkers in the Balearics. The focus of prospective property buyers has recently shifted, away from tourist hotspots, to the mountain villages steeped in history in the centre of the island and in the northeast. Client interest is increasingly focused on traditional finca estates and renovated townhouses, as well as contemporary new builds that meet the higher demands in terms of sustainability and eco standards. The limited availability of property listings and the consistent demand mean that prices are expected to stabilise at a high level moving forward.

Centre of the island: Short times to market for authentic country houses and upmarket rural estates

Inland in Mallorca’s central region, many historic mountain villages can be found nestled in glorious countryside dotted with almond and olive groves, and wine-growing estates. Traditional villages such as Alaró, Binissalem and Santa María are extremely desirable among buyers. With their beloved weekly markets, they are a magnet for local artisans, winegrowers and farmers alike. “Those looking to acquire real estate appreciate the proximity to the capital Palma, as well as the high degree of privacy offered by the substantial plots of land, where a return to nature and a more unspoilt, authentic Majorcan lifestyle can be experienced,” says Christina Deutsch, Managing Partner of Engel & Völkers Mallorca Centre & South. She is observing the following trend: “Real estate clients are looking increasingly at opportunities to own a sustainable home, and are drawn by the option of self-sufficiency, such as from growing olives or grapes in their own garden.” Demand is especially high for traditional country houses with expansive gardens and pools, as well as for authentic finca estates clad with a typical Majorcan stone façade. Such properties in prime locations in Santa María currently have average asking prices of 3 million euros. In the municipalities of Alaró and Bunyola, prices are between 2 and 3 million euros. Neighbouring towns like Binissalem and Consell command prices ranging from 1.5 to 2 million euros. The majority of buyers at the centre of Mallorca are from German-speaking countries. Recently, increasing numbers of prospective buyers from Spain, France, Belgium and the USA have been observed.

Northeast: High demand for retreats in nature and eco-efficient new properties

The northeast of Mallorca is blessed with unspoiled nature and breathtaking coastlines. Canyamel, Costa de los Pinos and Artà are among the most sought-after regions, where the Mediterranean flair of the Balearic island can be experienced in full, far removed from the heavily frequented tourist hotspots. Exclusive finca estates and villas with expansive outdoor areas, gardens and terraces with sea views are among the most desirable properties for sale in the north of the island. In prime locations around Artà and Colònia de St. Pere, the average asking prices for such homes are 1.9 million euros. In the coastal resorts between Cala Mesquida and Canyamel, and in the municipality of Manacor, prices range between 1.5 and 1.8 million euros. “Many buyers are opting to acquire a holiday property in their favourite destination and extend their stays on the island to combine holidays with remote working,” says Rainer Fischer, Managing Partner of Engel & Völkers Mallorca Northeast, adding: “The incredible restaurant scene and wealth of opportunities to pursue outdoor activities like golfing, sailing, hiking, or tennis at the Rafael Nadal Tennis Academy, give the region yet another boost in appeal.” The majority of search clients in the northeast are from German-speaking countries. There has recently been an increase in demand from people in the Netherlands looking for a new home on the island.

Outlook: Real estate as a long-term investment

“Residential properties at the centre of the island and in the northeast are particularly attractive for their moderate prices and potential for future appreciation in value. They serve as a long-term capital investment, offering a steadfast form of protection from inflation compared to other investment alternatives,” Florian Hofer says in summary. In view of Mallorca’s ongoing evolution into a destination for top-end tourism and the Balearic government’s constant investment in the development of the island’s infrastructure, the experts at Engel & Völkers are confident that the market will continue to see positive growth. 

 

Captions:

Refurbished 17th century estate with modern standards
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This listed country house was built in 1604 between Alaró and Santa María. Its interiors span some 1,051 square metres in total, with six bedrooms and five bathrooms. Set in picturesque natural surroundings in the centre of Mallorca, the property extends over a plot of approximately two hectares. It is on the market for 6.85 million euros and features an outdoor pool and its own fountain, as well as an expansive terrace and garden grounds.
(Image source: Engel & Völkers Mallorca Central)

Eco-efficient country estate in Petra
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Just a short walk from the winegrowing town of Petra, this traditional Majorcan property is currently listed with Engel & Völkers for 2.9 million euros. It spans some 876 square metres in total, consisting of two fully appointed houses separated by an outdoor pool and sourced with solar power. The main house boasts a spacious living and dining room, a kitchen, and five bedrooms. While the second house has a tourist rental licence for up to twelve people, and features a living and dining room with kitchen, and six en suite bedrooms. (Image source: Engel & Völkers Mallorca Central)

Modern villa with sea views in Canyamel
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This newly built and ultra-modern villa is located on the sunny side of the coastal resort of Canyamel, close to Capdepera in the northeast of Majorca. It is on sale for 4.9 million euros. The three-level property spans 671 square metres in total, with four bedrooms, five bathrooms, a spacious living room, and a separate dining room with open plan kitchen, plus a home gym and home cinema. All the rooms and expansive terraces afford panoramic views out to the sea, taking in the spectacular coastal panorama of Canyamel. (Image source: Engel & Völkers Artá)

Charming finca estate in Costa de los Pinos
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Very close to the coastal resorts of Costa de los Pinos and Port Vert, Engel & Völkers is currently brokering this exceptional finca estate with an asking price of 4.5 million euros. The property features a pool and has a plot spanning 7,100 square metres, with an interior of 522 square metres in size, including six bedrooms and six bathrooms. Premium natural materials were used in the construction, including untreated marble tiling, antique ceiling beams and teak window frames.
(Image source: Engel & Völkers Artá)

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