“The west of Mallorca offers spectacular landscapes with lots of tradition and culture.” Eddy Barrera Managing Director of Engel & Völkers Mallorca West 15 years in Mallorca and 13 years with Engel & Völkers The richly varied west of Mallorca with its picturesque most important places include Valldemossa, Deià, Sóller villages provides some of the most spectacular landscapes and Port de Sóller. A new highlight is the four star Bikini in the Serra de Tramuntana. As a result of its diverse Island & Mountain Hotel in Port de Sóller. The luxury culture and long history, the region has been declared a conglomerate LVMH Moët Hennessy Louis Vuitton SE UNESCO World Heritage Site. The west of the island acquisition of hotels from Belmond Ltd.,has been is popular for its authentic and traditional character, the announced which includes La Residencia Hotel in Deià, and is expected to have a positive impact on the area. Number of Real Estate Transactions Buyers in the region are particularly keen to find spacious and Real Estate Transaction Volume houses with a pool and fine views; most are buying a holiday home. And the trend indicates that the west is 350 120 M becoming ever more popular with affluent purchasers. In 300 general, all buyer groups are represented in the region. 100 M 250 This is accompanied by a slight decrease of the transaction 80 M volume in the regional market as a whole in 2018, which 200 60 M is now forecast to reach approximately 80 million euros. A sale takes on average between six and twelve months, with 150 40 M the hottest properties selling faster than others. The majority of purchasers buy properties without external finance. 100 20 M Not only Germans but also Danes and Austrians are buying properties in the west of the island. Because of the Brexit negotiations and the weaker pound, interest from British buyers has eased off in the past Number of Transactions Transaction Volume Prognosis year. Nevertheless, the west remains very popular with Figure 12: Real Estate Market – Mallorca West, Ministerio de Fomentointernational customers. EUR stinU 20142015201620172018