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An optimistic forecast for the 2023 property market in Mallorca

An optimistic forecast for the 2023 property market in Mallorca

Since the pandemic, not only does the desire to travel seem to have increased, but also the interest in a first or second home in the sunny south. Record sales figures have been registered in the past two years, the inventory has visibly shrunk and building land in good locations is hardly available on Mallorca. It's simple math that prices for existing and new homes will rise when new restrictions and regulations on construction projects are constantly being enacted on an island with limited space.

All of this has been noticeable in the price development since 2021 and applies particularly to the popular regions and locations. Mallorca's southwest, Palma and the west coast are particularly popular, but the center of the island is also increasingly in demand.

How will 2023 develop given the current situation? Historically, the price development of properties in Mallorca in good locations has had a positive trend and makes buying on the island a solid investment. In addition, like no other destination in the Mediterranean region, Mallorca offers a unique infrastructure, security and flight connections, which make the regular or permanent use of the island property attractive.

The 2023 buyer continues to focus on the premier island lifestyle and high standards of build quality and amenities. Good advice is and remains crucial. The difference here is the choice of your agent. 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 19 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.

So what are you waiting for? Call us without obligation and let us talk about your requirements, questions and the search for your dream property. 


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