Releasing our latest Mallorca real estate market reports – covering the second half of 21012 with predictions and analysis for 2013 – Lucas Fox Director, Alex Vaughan, said: “We saw a significant rise in the levels of interest for sea front properties in Mallorca in 2012, and for classic developments in Bendinat, Sol de Mallorca and Costa le los Pinos.
“This year we expect buyers to take advantage of newly discounted properties hitting the market,” said Mr Vaughan. “Buyers will be less reluctant to take a ‘wait and see’ approach to the best Mallorca properties in fear of missing out as foreign buyer interest climbs.”
Mallorca Property Prices – An Overview
The latest Lucas Fox Market Report for Mallorca Q3 – Q4 2012 shows Mallorca property prices held fairly steady across all of Mallorca’s regions in 2012. In the island’s capital of Palma de Mallorca, average sales prices started the year at €2,101 per square metre and ended 2012 on €1,955 per square metre. More details are available in the downloadable report.
International interest in Mallorca Properties
Last year saw international tourism levels staving off a national downward trend in local tourism. This year Mallorca tourism is expected to do equally well.
“Mallorca is appreciated as a luxury holiday destination around the world,” said Mr Vaughan. We know many buyers from the Scandinavian countries, Germany, the UK, and Switzerland are keeping a close eye on what Mallorca villas and property (LINK) are becoming available on the market, and they are ready to buy if they see something that suits their lifestyle requirements.
The Q3/Q4 2012 Lucas Fox Market Report on Mallorca property prices has been released this week and is available for download from the Lucas Fox website.