“The south combines a fantastic coastline and beautiful rural areas with proximity to Palma.” Christina Deutsch Managing Partner of Engel & Völkers Mallorca South 26 years in Mallorca and 16 years with Engel & Völkers The south of the island is attracting more buyers than This has led to a rapid rise in property transactions. ever before. It offers luxury villas in first sea line The total volume is already forecast to reach around with an open view of Palma Bay, and rural properties 160 million euros – up from less than 60 million euros close to the sea that combine privacy with views on five years ago. There has been an equally sharp rise in the back country. the number of transactions, which has risen to almost 700 and has thus more than doubled in the past five years. The average selling time is six to eight months. Number of Real Estate Transactions In the south of Mallorca, despite the upward trend in and Real Estate Transaction Volume prices, buyers can find that close to Palma there are 1,100 properties directly on the sea and villas with views 180 M that are sometimes more affordable than properties 900 in other parts of the island. Buyers mainly come from 150 M Germany, but there is also growing interest from 700 France, Spain and the Netherlands. 120 M 500 90 M However, sought-after properties – especially villas directly on the sea and new-build projects – sell 300 60 M quickly, so that prospective purchasers have little time to make a decision when they are offered a 100 30 M property. The situation is compounded by the fact that such properties rarely come on the market. In rural areas, too, buyers can still find excellent properties at comparatively low prices.There are Number of Transactions Transaction Volume Prognosis large fincas with plenty of land and good links to the Figure 17: Real Estate Market – Mallorca South, Ministerio de Fomento coast. EUR stinU 20142015201620172018