This market report has been compiled from market of the first three quarters and the development analysis based on different internal and external sources. of the previous years. Euribor is the acronym for Euro Its aim is to present an overview of the real estate market Interbank Offered Rate and denotes on the average in the Balearic region over the past years, with a focus on interest rates at which a large panel of Eurozone the premium sector of the market and, more specifically, banks borrow funds from one another (https:// on the main island of Mallorca where Engel & Völkers www.euribor-rates.eu/). Casafari LLC monitors has 18 property shops and is the market leader for and tracks the entire real estate market and works international real estate with over 25 years’ experience exclusively with Engel & Völkers in the Balearic on the island. Internal sources include corporate Islands. With the help of artificial intelligence data provided by Engel & Völkers. External sources techniques, the company identifies and matches include statistics published by the Spanish government the same properties from multiple sources to drive (Ministerio del Fomento), the Euribor, an independent further analysis of market dynamics and source the real estate market research company (Casafari LLC), best investment opportunities (https://www.casafari. the Agency for Tourism Strategy in the Balearic Islands com/). To determine the visitor nationalities on the (AETIB) as well as the world’s largest airport manager Balearic Islands, the visitor data of the Agency for (AENA S.A.). Tourism Strategy in the Balearic Islands (AETIB) has been analysed. In order to establish the number The Spanish Ministerio de Fomento has responsibility of visitors to Mallorca, as well as their nationalities, for public works, transport and communications. The the statistics on air traffic published by AENA S.A. statistics quoted in this report can be found on the have been analysed (http://www.aena.es/). AENA government website (http://www.fomento.gob. es/). S.A. is the world’s largest airport manager with an In order to complete the overview of data from this extensive network of airports in Spain. The company department for 2018, we have made a prediction for is also involved in the management of various the the complete year 2018 based on the evolution airports overseas. With the aim of determining the average price of Mallorca’s second home prime market. Properties with property listings in the regions, the real estate market a living area of less than 50 sqm and plots, commercial dynamics and the property supply, the public listings premises and investment opportunities were excluded. of 144 real estate agencies in Mallorca were analysed For the market analysis, unique (matched) property from 1st of January until 31st of December 2018. The values were compared; therefore, the same properties conditions for this analysis include apartments starting in multiple estate agencies were only counted once. In from 200,000 euros asking price and houses starting total 6,215 unique apartments and 8,595 unique houses from minimum 500,000 euros asking price, representing were analysed, split by type and location segments. Legend Engel & Völkers Property Shop Private Airport Marina UNESCO World Heritage International Airport Golf Course