Palma de Mallorca has just been honoured by the Sunday Times with the title of “Best Place to live in the world”, topping a competition of 50 other cities.
The travel editors of the Times explained their choice that Palma was one of the “most picturesque cities in Spain”. It is a “pocket sized city that has everything.” Palma is described as a gateway to the beautiful Mallorca with its beautiful beaches, with the journalists raving
about the attractive flight connections to the island and praising the local gastronomy.
Interesting facts and figures about our favourite island are summarised in this infographic. Did you know for example, that there are ten international schools in Mallorca? An important factor for new residents with school-age children in particular.
Details for real estate market can also be found in the first independent Mallorca Market Report, as the STI Center for Real Estate Studies has analysed over 4,000 real estate deals in Mallorca. The main results are summarized here.
Copyright: The infographic is available under the Creative Commons CC-BY-SA. This means that graphics are permitted to be used and shared. The only condition is that attribution and a link to the page as the source must be made.
Download the infographic
- Mallorca infographic as PDF (780 kb) Print version
- Mallorca infographic as a JPEG (600 x 3400, 470 kb) for bloggers and writers
- Mallorca infographic as a JPEG (1200 x 6800, 1600 kb) for printing
Majorca real estate: clear price differential from west to east
CRES – Center for Real Estate Studies
There are around 4,000 properties in Majorca on sale on the Internet at the moment according to the STI Center for Real Estate Studies, which has examined and analysed the local real estate market on behalf of the real estate broker Porta Mallorquina. The results have been published in the “Majorca Holiday Real Estate Study” and provide a neutral overview of the current market situation in Majorca.
The study shows that prices for holiday properties are primarily determined by location and fit-out. As one would expect, the level of quality is high on the island, with luxury property accounting for 10%. Around half of the properties on sale feature a superior or luxury fit-out. Square metre prices in the western regions of Southwest and Northwest, and in the Palma area, are around one-third above the island average, which the researchers have calculated to be € 3,856.00/m². Prices decline going west to east, with the South being the most affordable region of Majorca. The average price here is € 2,950.00/m².
For investors, the mark-ups for a sea view are especially interesting. An unobstructed view of the Mediterranean gives rise to an average mark-up of 23% in Majorca. The more limited the number of available properties in this segment, the higher the mark-up. In the Northwest, the mark-up for properties with a sea view is +53%; in the Southwest +46%.