Why does Mallorca attract foreign real estate buyers?

General description of Mallorca

Mallorca is the largest island of the Balearic archipelago, attracting the attention of tourists and people interested in real estate, especially from Germany, Austria, the UK, and northern regions of Europe. Interestingly, foreign residents make up almost 23% of the total population, which is the highest figure compared to other regions of Spain. This interest in the island can be explained by its well-developed infrastructure and a wide range of real estate offerings, making Mallorca very appealing for living and vacationing.

Tourist and educational opportunities

The island offers a wide selection of real estate suitable for a variety of buyers. It features:

• 10 international schools;
• 89 picturesque beaches;
• 7 restaurants awarded Michelin stars.

For outdoor enthusiasts, there are over 300 kilometers of specialized bike paths, 24 golf courses, and 44 marinas for yachts. All of this creates excellent conditions for comfortable living and relaxation on the island.

Real estate market

Real estate in Mallorca offers a variety of options across different price ranges. Currently, there are 84 listings available, including luxurious villas and cozy apartments. One of the most attractive options is a villa in Port Andratx with four bedrooms and two bathrooms, priced at562,000 euros.

Additionally, it is worth mentioning a two-level villa with two swimming pools and a stunning sea view, located in Costa d'en Blanes; its area is518 square metersand the price is2,900,000 euros.

Affordable housing

If you're looking for more affordable housing, you might want to consider a studio right by the sea in Magaluf, which is priced at299,000 eurosFor those seeking more luxurious options, three-story villas with pools, gardens, and gyms are available. An example is a magnificent villa in Palmanova, priced at4,950,000 euros, with an area of600 square metersand with a land plot in1,220 square meters.

Restrictions on construction

Despite the growing interest in real estate, the authorities in Mallorca have decided to limit construction on60%from the entire area of the island. The rest40%They consist of protected natural areas and reserves, including 10 national parks and other territories with construction restrictions.

Price trends and statistics

The limited amount of available land combined with the growing demand for real estate has contributed to the rise in prices since2014by2015the year is almost over10%Compared to previous years, this trend has continued to the present moment.

According to research by the Spanish division of the well-known company Engel & Völkers, in2014In the year, sales volumes in Mallorca increased by28%The average price of properties ranges from750 thousand to 1.2 million euros.

It is worth noting that in Mallorca, you can easily find options for any budget: from a small apartment for80 thousand eurosto a luxurious villa worth millions. Thus, Mallorca remains an attractive destination for both vacationing and real estate investments.

Investments in real estate in the southwest of Mallorca

Foreigners are increasingly choosing residential real estate on the southwest coast of Mallorca for their investments, known for its developed infrastructure. The journey from the capital, Palma de Mallorca, to this region takes only 10-15 minutes due to its proximity to the international airport.

Resorts in the southwestern part of the island

The southwestern part of the island includes three municipalities, where the following resorts are located:

• Andratx, including Puerto de Andratx and the town of Andratx itself;
• Camp de Mar
• Calviá, which includes Peguera, Santa Ponsa, Magaluf, Palma Nova, and Bendinat;
• Palma, including Cala Mayor, Son Vida, the city of Palma de Mallorca, Can Pastilla, and Playa de Palma.

Guide to Resorts

In addition, the "Tranio" website offered an interesting guide to the resorts in the south and east of the island, which are famous for their secluded beaches and picturesque villages that have preserved their authenticity in the northern, central, and western parts.

Andrach: prestige and charm

Andratx gained recognition thanks to its charm, and in 2015, Puerto de Andratx ranked 19th among the most prestigious residential areas in the world according to Engel & Völkers. It is home to the most expensive real estate on the island, with prices per square meter ranging from6 to 6.5 thousand eurosIf we talk about Puerto de Andratx, the cost of houses ranges from9 to 11.5 thousand eurosper square meter.

Villas in this area start fromone million euros...while two-bedroom apartments can be purchased from...300 thousand eurosDon't forget about the four magnificent residential complexes, such as:

• Mon Port
• Cala Marmacem
• Cala Moragues
• Cala Llamp.

Yacht marina and nature

The recently updated Puerto de Andratx marina accommodates more than450 shipsIt is considered one of the best in the region. Although Andrach itself is not known for large beaches, there are magnificent sandy shores just a few minutes' drive away.

In close proximity lies Dragonera Island, whose shape resembles a sleeping dragon. This island is home to a national park where rare bird species inhabit, and you can also explore interesting nature trails.

Prices and availability of real estate in Andrach.

From the port of Puerto de Andratx, there are stunning views, and you can reach the city of Andratx in just15 minutesThe prices for apartments in this municipality start from200,000 to 300,000 euroswhile villas with high-quality finishes start from1 million eurosProperties with a sea view can cost from10 to 15 million euros.

Popularity among foreign buyers

Foreign investors, mainly from Germany and other German-speaking countries, are most interested in villas with spacious plots and magnificent views of the harbor and the yachts moored there. In 2014, a record deal was made in Andratx — a villa was sold for a price of27 thousand euros per square meter.

Such offers represent an exceptional opportunity for those who wish to enjoy a luxurious life in one of the most picturesque corners of the Mediterranean Sea.

Housing Opportunities in Andratx

In the picturesque resort area of Andratx, you can find properties priced between 15 to 20 million euros, offering excellent amenities including a private cinema, spa, underground parking, and a personal wine cellar. In recent years, Andratx has attracted numerous builders, leading to the emergence of many luxurious complexes that have become a magnet for celebrities from around the world.

They are interested in nearby fine dining restaurants, trendy boutiques, and a famous golf club.Golf de AndratxIn the region, there is a modern art center.Andratx Art Centreand also a cultural centerSa-Taronyawhere various events are regularly held, including concerts, exhibitions, and workshops.

Camp de Mar - A Secluded Paradise

It's very close by.Camp de MarA cozy and peaceful resort just five minutes by car from Andratx with its secluded beaches, popular among those seeking a tranquil getaway. It features tennis courts and golf courses, creating an atmosphere of privacy and relaxation.

• Real estate prices start at 270,000 euros for apartments.
• Townhouses start at 350,000 euros.
• The villas are priced from 800,000 euros.

Peguera - A Dynamically Developing Resort

On the western side of Palma is locatedPegueraOnce a small fishing village, it has now transformed into a bustling resort town. Peguera is located 20 km from the capital, and during the peak season, you can see many vacationers on the soft sandy beaches.

But if you take a half-hour walk, you can get toKala-Fornelsaknown for its clear waters and secluded bays that harmoniously blend into the surrounding rocky landscape.

The popularity of the resort

The resort is especially popular among the locals.Germany,AustriaandSwitzerlandHaving a large number of German cafes and restaurants. In Peguera, family vacations are preferred, and the youth audience is represented in small numbers. A magnificent chain.Sierra de Tramontanalocated nearby is included in the UNESCO World Heritage list.

This area offers excellent opportunities for sports activities: the mountain trails are perfect for hiking and climbing. In Peguera, there is also a tennis academy where both children and adults can train.

Real Estate Prices

• You can find apartments for less than 200,000 euros.
• Apartments with a picturesque sea view start at 500,000 euros.
• The prices for coastal villas range from 1 to 2 million euros.

Santa Ponsa - A Cozy Resort for Relaxation

ResortSanta PonsaLocated just 19 kilometers from the capital, it sits on a picturesque coastline with wide sandy beaches. Here, all the conditions for a comfortable vacation are available: yacht clubs, golf courses, and equestrian clubs, as well as a variety of restaurants.

For permanent residents, there are supermarkets, educational institutions, medical facilities, and financial organizations available. Real estate in this area mainly attracts retirees, families with children, as well as golf and yachting enthusiasts.

Foreign Buyers

Among foreign buyers, Scots, English, and Russians are predominant.

General description of Santa Ponsa

In Santa Ponsa, there are three golf courses. One of them is open to everyone, while the other two are accessible only to club members. Additionally, you can take diving courses and enjoy various amenities at a comfortable leisure center known as the Country Club. This complex offers a wide range of spa services, tennis courts, gyms, and children's sections, making it an ideal place for active recreation and sports activities.

Active entertainment

It is especially worth mentioning "Jungle Parc," which is an amazing 9-hectare space offering exciting zip line courses at heights of up to 10 meters. There are trails available for both beginners and more experienced adventure enthusiasts. Close to the resort is the stylish Port Adriano and the popular resort of Magaluf, known for its variety of entertainment. The island's capital can be reached in just 15 minutes.

Real estate in Santa Ponsa

In the "Jungle Park" in Santa Ponsa, there are many tropical parrots that create a colorful environment. As of today, the average cost of apartments in this area is around 4000 euros per square meter, while the price of villas ranges from 5000 to 5500 euros per square meter. The highest real estate prices are particularly characteristic of the Nova Santa Ponsa area, where golf courses, El Toro beach, and marinas are located. Residential complexes here are usually gated.

• Apartments with two bedrooms: from 350,000 to 700,000 euros
• Villas: from 1 million euros

Review of Magaluf

Magaluf is known as the entertainment hub of Mallorca, and in this area, you'll find the famous BCM Planet Dance club. This place attracts young people with its numerous pubs aimed at British and Irish audiences. The night parties here go on until the early morning, creating a unique atmosphere of fun.

Rest for the whole family

In addition to this, Magaluf offers entertainment for the whole family, including:

• Dolphinarium and aquarium "Marineland"
• Aqualand and Western Park water parks
• The show "Pirate Adventures"
• The amusement park "Kathmandu"

For those looking for a more peaceful getaway, Palma Nova is just 10 minutes away, offering excellent conditions for relaxation.

Housing prices in Magaluf

One of the main advantages of living in Magaluf is the affordability. One- to two-bedroom apartments can cost between 80,000 to 100,000 euros, while more spacious options with four bedrooms are around 250,000 euros.

Palma Nova as an alternative

Palma Nova is also popular among vacationers, where you can find both British and Russian tourists. The quietest and most peaceful area is considered to be Son Caliu, which becomes livelier as it approaches Magaluf. Families with children prefer to live in this area, allowing them to enjoy all the entertainment Magaluf has to offer while being in a more tranquil environment.

Real estate in Palma Nova

Real estate in Palma Nova, located on a picturesque coastline, offers a wide range of options. Two-bedroom apartments with stunning sea views can cost from100 to 150 thousand euros...and elite villas are offered at prices starting from...300 thousand to 1.5-2 million euros.

Palma Nova attracts families with children due to the availability of numerous entertainment options in nearby Magaluf, while still remaining a peaceful place for relaxation. From here, you can quickly reach the Puerto Portals marina and the famous golf clubs in Bendinat and Santa Ponsa. The area itself also has many boutiques and restaurants with exquisite cuisine, making the vacation comfortable and enjoyable.

Transport accessibility

This resort is located just in14 km from the capital- Palma de Mallorca, and there is a regular transport service between them that allows you to reach the city center in less than half an hour.

The real estate market in Benidorm

In Bendinat, the prices for mansions with pools can reach10 million euros, as it is one of the most elite resorts where affluent Spaniards and Britons settle. The permanent population of this area is only500-600 peopleHowever, the real estate market offers a variety of villas with prices starting from1.5 to 10 million euros...and the cost of apartments varies from...350 thousand to 1.5 million euros.

New homes are usually built around a prestigious international golf club.Real Golf de Bendinat, whose honorary chairman is the former king of SpainJuan Carlos IIn the area, there are:

• Several international educational institutions;
• Private medical institutions;
• Yacht marina Puerto Portals.

Bendinat is perfect for those seeking solitude and comfort.

Kala-Major

Cala Mayor, which is located just infour kilometers from Palmais a wonderful place for a beach holiday and is actually a suburb of it. Many locals prefer to buy second homes here. During the peak tourist season, the beaches are often crowded with vacationers and summer residents. In the summer, you might even spot the King of Spain in Cala Mayor, as this is where his summer residence is located —Marivent Palace.

The prices for apartments in this area start from250 thousand euros...and the cost of houses varies from...500 to 700 thousand euros.

Dream-Life

Son Vida is located just a few minutes from the historic center of Palma de Mallorca and only aten minutes from the international airportThis area is located on a hill, so every house offers a stunning view of the sea. In Son Vida, you can find:

• Three golf courses: Son Vida, Son Quint, and Son Muntane;
• Two luxurious five-star hotels: Arabella Son Vida and Castillo Hotel Son Vida.

The main international educational institutions are available in the vicinity, making this area very attractive for those who value comfort and a high standard of living.

Son Vida, known as the equivalent of Beverly Hills, is distinguished by its high living standards and successful development. This picturesque area is a favorite among wealthy foreigners who value privacy, security, and comfort. More than half of the new property owners here are citizens of Germany and Switzerland, while the remaining buyers often come from the UK, Spain, and Scandinavian countries.

In Son Vida, there are over 350 villas, each located on its own plot with a well-maintained garden. Additionally, there are only two apartment complexes in this area. The minimum living space is 350 square meters, while the most prestigious villas can reach up to 3000 square meters. The sizes of the land plots vary from 1000 to 10,000 square meters. Property prices here are among the highest in all of Mallorca and can reach up to 20,000 euros per square meter.

Features of standard villas:

• Private spa salons
• Home theaters
• Gyms
• Wine cellars
• Modern household technologies

Palma de Mallorca

Palma de Mallorca, often simply called Palma, is not only the central city of the island but also the capital of the entire Balearic archipelago. About 400,000 people live in this city, which accounts for around 60% of the total population of Mallorca. A quarter of the population consists of foreigners, among whom a significant number are citizens of European Union countries.

In 2015, the renowned publication The Sunday Times named Palma one of the best cities to live in the world.

Sights of Palma

Among the main attractions of the city are:

• The Gothic cathedral of the 14th century – the Cathedral of Saint Mary
• Royal Palace of Almudaina from the 13th century
• Belver Castle
• More than 40 art galleries and museums

During the winter season, the opera performances and musical concerts begin here. The cathedral is one of the most significant architectural landmarks of Mallorca. The city's infrastructure is well-developed, making Palma particularly attractive for those looking for real estate for long-term living. In Palma and its surroundings, there are international schools where classes are conducted in English, German, and French.

Amenities and transportation

The Port of Palma was named the largest in the Mediterranean in 2013, making life in this city even more convenient. There is also an international airport that connects Palma with various corners of the world. The capital is home to seven yacht clubs, and the Club de Mar marina serves as a harbor for luxury yachts from around the globe.

Every year, various sailing competitions are held in this region, including the Summer Cup of the King of Spain and a stage of the Sailing World Cup.

Popular areas for buying real estate

Among the real estate listings in Palma, the most sought-after areas are:

• The old town center (Casco Antiguo)
• Calatrava
• Santa Catalina
• La Llonja

El Terreno has become particularly popular among Swedish buyers, where there is also a Swedish school and church. Thus, Palma and its surroundings represent a multicultural environment with a high standard of living and many amenities for comfortable living.

Apartment prices

In recent years, the cost of modern apartments in renovated buildings has ranged from 3,000 to 6,000 euros per square meter. If you are interested in properties with a beautiful sea view, you should consider that the price may increase by about 30%. Those looking to purchase a villa with a view of the coast will need to prepare a budget in the range of 10 to 12 million euros.

One-bedroom apartments and penthouses

One-bedroom apartments in this picturesque area start at 300,000 euros, making them accessible to many buyers. As for penthouses and larger villas, their prices can reach a significant 10 million euros.

Real estate in Santa Catalina

For example, in the Santa Catalina area, you can find two-bedroom apartments priced from 380,000 euros, while parking and a sea view can increase the cost of the apartments to 700,000 euros.

Paseo Maritimo Square

In the Paseo Maritimo area, where both hotel complexes and residential buildings with apartments are concentrated near restaurants and nightclubs, property prices range from 350,000 to several million euros.

The resorts of El Portixol and El Molinar

A little further out, on the outskirts of the city of Palma, are the resorts of El Portixol and El Molinar, which are just a few minutes' walk from the center. Due to the availability of vacant land, new real estate development is actively taking place here, including luxurious residential complexes.

Prices for housing by the beach

Prices for modern apartments located on the beachfront start at 1 million and can go up to 3 million euros, while the cost of houses ranges from 3 million euros. Vintage fishing huts are also popular, with prices starting at 600 thousand euros.

The variety of housing in the center of Palma

Despite the fact that prices in the center of Palma are significantly lower, starting from 200,000 to 300,000 euros for apartments without a sea view, areas like Can Pastilla and Playa de Palma are known for their green parks and comfort for relaxation. The local beaches are famous for their width and clean sand, and the sea water here is shallow and clear.

Summer entertainment and amenities

During the summer, these places attract many tourists due to the wide variety of activities available.

• A variety of shopping centers, bars, and clubs.
• Bike, car, and motorcycle rentals.
• Diving centers and surfing sports clubs.

Can Pastilla offers a cozy beach getaway just a few kilometers from the island's capital, and although accommodation prices have risen in recent years, they are still lower than in popular spots like El Portixol and El Molinar. The cost of houses in Can Pastilla starts at 300,000 euros.

The resort area of Playa de Palma

On the southeast side of the city is the resort area of Playa de Palma, which is one of the most crowded on the island. A large part of it is built up with hotels and residential complexes with apartments. Two-bedroom apartments with sea views can be found starting from 200,000 euros.

The calm atmosphere of the resort

This area also features a long pedestrian promenade with numerous bars and clubs. Despite this, it is much quieter compared to Magaluf, making Playa de Palma an ideal place for a family vacation.

Conclusion

In concluding our fascinating overview of Mallorca, I cannot help but highlight the unique balance that this island represents, forming a symbiosis between natural beauty, rich history, and modern comfort. Mallorca attracts thousands of foreign tourists, and the steadily growing population among them is proof that this island has become a true paradise for living and vacationing.

While working on this article, I was struck by the level of investment attractiveness of the real estate on the island, which offers options for every taste and budget.

Developed infrastructure

I can't help but emphasize that the infrastructure in Mallorca continues to develop, creating functional and cozy living conditions. Important aspects include:

• International schools
• First-class restaurants
• Beaches and bike paths

These factors make life on this island not only comfortable but also diverse. At the same time, nature still retains its pristine beauty, thanks to strict building regulations that help protect unique ecosystems and conservation areas.

Investment opportunities

So, if you are looking for the perfect place to invest in real estate, or just want to enjoy sunny days on one of the best beaches in Europe, Mallorca offers countless opportunities. This island is not just a spot on the map; it is a place where dreams come true.

I hope that the description of life and real estate in Mallorca was helpful to you, and perhaps you will want to discover this amazing corner of the world for yourself.