Contrary to the assumption that the real estate market collapsed completely in 2020, it was rare to see so many high-priced properties being bought. Large villas and country estates in particular changed hands during this challenging year. Demand, and subsequently the prices, is growing in prime locations on the island, while the supply due to stricter requirements for new buildings and renovations, is getting smaller and smaller.
The traditional requirements for real estate on Mallorca have evolved with the times, so the spacious living and outdoor areas with an inviting pool and garden are even more in demand than ever. This year of social distancing has changed all of our lifestyles, where we might previously have gone out to wonderful restaurant and cocktail events, now we are staying at home more and spending time with close friends and family. Working from home has become the norm, and home offices are now another consideration when searching for the perfect place in the sun.
If the corona virus has given us one good thing, it is that we have more time for ourselves and our loved ones. Many of us can now work from home without the need to commute to an office, making the possibility of owning real estate in Mallorca no longer a dream, but a reality. Apart from 300 days of sunshine, the island offers everything you need to live here long-term or even all year round. Families know that their children are in good hands in the international schools, the advanced health system, modern infrastructure, countless golf courses and marinas and, ultimately, first-class internet connections enable a very pleasant life and work on the island. The international airport offers direct connections to practically all major European cities.
Property prices on Mallorca have risen in good locations and promise a positive continual development in the future too. Large villas and apartments in the Palma area, the southwest and the north, and fincas and country estates in the south and the centre of the island are getting increasing interest. With the current development of the pandemic situation, the island could experience a real boom, which is why it is advisable not to put buying your property on the back burner any longer.
Especially when purchasing a high-priced luxury property on Mallorca, you will have high expectations and requirements and insist on professional advice about the best locations, construction quality and appreciation of value. As a recognised broker in this particular real estate segment with 17 years of expertise, you are in the best of hands with us. We set ourselves only the highest standards in the search for the right property for your future on the island and guide you smoothly through the entire process.
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