Real Estate Transaction Volume - Engel & Völkers Mallorca 600 M 550 M 500 M 450 M 400 M 350 M 300 M 250 M 200 M 150 M 100 M 50 M 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Figure 5: Real Estate Transaction Volume – Engel & Völkers Mallorca, Internal Company Data This confident trend also has an impact on average prices, This positive trend in prices demonstrates Mallorca’s which at Engel & Völkers have risen from just below general potential as a property location and the high level 850,000 euros in 2012 to more than 1.6 million euros in of interest from wealthy international customers that is 2018. Overall prices are ten percent higher than in 2017. observable in more and more regions. Average Prices – Engel & Völkers Mallorca 1,800,000 1,604,648 1,600,000 1,468,605 1,400,000 1,270,236 1,228,002 1,200,000 1,104,896 1,000,327 1,000,000 849,359 800,000 600,000 400,000 200,000 0 2012 2013 2014 2015 2016 2017 2018 Figure 6: Average Prices – Engel & Völkers Mallorca, Internal Company Data The scope for negotiation on prices has fallen in recent longer on the market and thus have greater potential years. Properties normally sell at the price at which for negotiation. they are offered. Over-valued properties tend to remain RUE RUE