Pollensa and the port are very much in demand by property investors. | Majorca Daily Bulletin reporter
Palma17/10/2024 14:50
The luxury housing market in Spain has experienced remarkable growth in recent years, driven by the growing demand for exclusive properties and the revaluation of real estate in some of the most coveted areas of the country. Since 2019, the average price of properties worth more than €3 million has increased by 37% across the country, according to data from Grupo Tecnitasa. This increase has taken the average value of these properties from over €3.8 million in 2019 to almost €5.4 million in 2024, reflecting the consolidation of the luxury market in Spain. In the last year the rise has been 4.5%.
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Ulla and Morgan. If you want hiking, cycling, peacefulness. Mallorca is way down the list. France, Italy and Switzerland are better at all these things as well as having better food and wine. The only point in being in Mallorca is sun and sea. Otherwise you are setting for thr Championship over the Premier League.
TDWell, apparently, that's what luxury buyers are looking for. And the astonishing number of multimillion€ palaces being built out here in the uncharted wasteland are a testament to that. And erm, they aren't for holiday rentals (it's not possible to get a licence anymore) they're permanent residences. So, you can put that argument in a bag before you get started. Oh, and for the record, the advantage to solar power is avoiding having to pay Endesa 110k€ to install grid electricity, then subsequently paying them 50€ per month rental (before using even one watt of electricity). I saved 85K (twice), and don't pay Endesa a penny. But yeah, the eco thing is a nice bonus. Yet oddly, we don't get many foreign hippies or "eco-warriors". It's mainly affluent Europeans, which are the fastest growing tourist segment out here. Anyway, how's your palace in Son Vida? Any offers yet? Foreign Hippies? Eco warriors?
So TD can attack every Brit on here and that is ok? Probably is for you as a Swede but not for most people who read the MDB.
TDI think you are wrong. Not all wants to be by the seaside as the tourism is much more diverse these days. Hiking, cycling and quite holidays are appealing to many more than 20-30 years ago. On top of it I find these personal named attacks totally unnecessary.
Morgan Williams talking Rot as always and trying to talk up his boring eco properties in the middle of nowhere before he sells up. Most people would find that sort of holiday nowhere near the sea on a small Island as a yawn fest. Deluded.
Today's buyers value elements such as personalisation, sustainability and energy efficiency, according to the real estate platform idealista. This focus on "quiet luxury" reflects a preference for quality and sensory experience, rather than flaunting grand signs of wealth. Didn't we just have a discussion about this?