The statistics continue to depict an attractive property Mallorca’s infrastructure is constantly being market: the number of residential properties being developed. The Paseo Marítimo harbour promenade sold or taken off the market again exceeds the number in Palma is being modernised at a cost of 20 million of new ones being added. This continuing trend is euros, and 50 million euros are being invested in the positive for sellers because they are able to obtain Club de Mar yacht harbour. This will transform the a good price for their property. Mallorca therefore western area of Palma. Almost 300 million euros is remains a property market with long-term price being pumped into Palma's International Airport to development potential. In addition, a stable market enlarge the terminals and make passenger handling boosts buyer confidence because they are investing in faster and more efficient. Airport security and a dynamically growing destination. baggage handling will also be improved. Industry around the airport is to be promoted. The significant interest also means that demand exceeds supply in some regions – partly because it isbecoming increasingly difficult to find suitable building plots. The most sought-after properties include modern fincas in the island’s interior, exclusive villas in the first sea line in the south and apartments with sea view in the west of the island. Villas and apartments in the south-west of the island also remain very popular. The Spanish Ministry of Development’s official figures on the Mallorcan property market also paint a clear picture; the number of property transactions has grown from just under 8,000 in 2014 to around 15,000 in 2018. An interesting development has emerged with regards to transaction volume; although the transaction volume among resident buyers has continuously increased in the last few years, the transaction volume of foreign buyers slightly decreased in 2018. Real Estate Transaction Volume For families who are thinking of moving to Mallorca, 2,000 M there have also been attractive new developments. For example, in September 2018, the existing international 1,600 M schools were joined by a newcomer in the form of the Green Valley International School Son Vida/La Vileta. 1,200 M This means that there are now 15 international schools in Mallorca. After 40 years in Palma, Lycée Français will move to Sa Teulera in the coming year and re- 800 M open with 9,700 square metres of space. 400 M Engel & Völkers benefits strongly from the very positive developments in Mallorca. The volume of property transactions handled by the company 400 M has increased fivefold since 2009,making 2018 the second-best year in Engel & Völkers’ history in Resident Buyers Foreign Buyers Mallorca. It is evidence of the continuing positive performance of the Mallorcan property market – and Figure 4: Real Estate Transaction Volume – Mallorca, based on data of Ministerio de Fomento the company’s excellent positioning. RUE 20142015201620172018