„The southwest constantly attracts an international clientele – primarily as a place for a second home but increasingly as a principal residence.” Hans Lenz Managing Director of Engel & Völkers Mallorca Southwest Born in Mallorca and 7 years with Engel & Völkers Peaceful coves, breathtaking scenery and internationally Mallorca provides excellent access to the Mediterranean. known hotspots are what distinguishes the southwest of The steady growth of property prices and transactions is a Mallorca. Bendinat, Santa Ponsa and above all Puerto reflection of this popularity. The number of sales has risen de Andratx are traditionally very popular places. The by around 50 percent in the past five years. Total property yacht harbours at Puerto Portals and Port Adriano also sales in the southwest of Mallorca are forecast to reach attract many clients, who find that the southwest of 720 million euros, a bit below the record result of 2017. Number of Real Estate Transactions Almost 55 percent of the customers, who buy property and Real Estate Transaction Volume in this part of the island with Engel & Völkers, come from Germany; they are followed by buyers from 3,000 1,000 M Britain (14 percent), Spain (eight percent) and Switzerland (seven percent). Other interested buyer groups come from 2,500 800 M Austria, Sweden, France and the Benelux countries. While existing properties usually take between six and nine months to sell, some sought-after new-build projects are sold out 2,000 600 M even before the building work is finished. New-build proper- ties with a sea view and of top architectural and technical 1,500 400 M quality can fetch significantly higher prices. At the same time, building land in the region is in extremely short supply. 1,000 200 M There is no such thing as a typical buyer in the southwest of Mallorca. Families, couples, singles and professional investors buy property – often not for the first time and usually without external financing, although international Number of Transactions Transaction Volume Prognosis banks are increasingly seeking to become involved in real Figure 11: Real Estate Market – Mallorca Southwest, Ministerio de Fomentoestate financing. EUR stinU 20142015201620172018