Understanding Mallorca's Real Estate Market

Receive Engel & Völkers Market Update 2024 and find out more about the current trends in the Mallorcan property market in the first half of the year. Make informed decisions about investment opportunities in residential property.

As leaders of premium real estate services for 30 years, we have a privileged view of the business and are committed to making our expertise available to all stakeholders in Mallorca’s property market.

The Engel & Völkers Market Update Mallorca 2024 contains useful information for both buyers and sellers and focuses on market developments in the real estate sector in the first half of the year.

The outstanding trend at the start of 2024 is a return to normality after the boom of 2022, which took off in the wake of the pandemic. In the last two years, residential property sales volumes have gently decreased to a level that is more sustainable for the Balearics and Mallorca, and proportionate to the regional housing stock, whilst house prices have increased steadily to bring supply and demand into a better equilibrium.

The report has been compiled from Engel & Völkers own data together with independent sources including the Spanish Ministry of Transport, Mobility and Urban Agenda (MITMA), the Land Registrars Association, among others and Mark Stücklin of Spanish Property Insight, a real estate intelligence portal. This information will give you a better understanding of investment opportunities. Find out more by requesting your copy now!

Florian Hofer

Managing Director Balearic Islands

“Mallorca’s real estate market has a proven track record of providing strong returns on investment. We believe that prices in 2024 will hold, or in some locations, continue to gently increase. We are grateful for the trust our clients place in us and, as a reliable partner, we remain at your disposal at all times.”

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