Real estate market Mallorca in Corona times. What investors can learn from the numbers. These figures are also extremely well received in Germany: the real estate portal compiles a price index once a quarter.
And Ultima Hora was the first newspaper to publish Idealista’s price ranking.
The result in brief: the favorable locations on the Mallorca real estate market are severely penalized. But the surprise is that the attractive locations are even increasing. And clearly.
Anyone who had expected a price drop must now (once again) rub their eyes in amazement: price growth during Corona was over 17%. Who are the winners, who are the losers?
If you want to know exactly, you can find the link to the original article here: https://www.ultimahora.es/noticias/local/2020/08/17/1189169/caida-precios-inmobiliarios-hasta-algunos-pueblos. html
Who are the winners, who are the Corona crises losers?
What investors can learn from the figures on Mallorca’s real estate market is the following: the attractiveness of the island has not suffered for non-residents, i.e. foreigners. On the contrary: they are looking for building land . And especially in locations that are known for secluded fincas. Rural communities in particular were able to grow significantly again during the Corona crisis:
Sóller, Valldemossa (+17.5%), Campos (+13.9), Consell (+10’3%), Deià (+14.5%), Felanitx (+8.2%) and Porreres (+15 .2%).
Places that are primarily relevant to the local population and where hardly any foreigners buy were penalized:
Llubí (-11%), Esporles (-7.8%), Palmanyola (-9.2%), Sant Joan (-12.2%),
Where investors need to be careful is in the north-east of the island. Here – despite foreigners – a massive correction has taken place:
Artà (-14%), Cala Ratjada (-16.5%), Canyamel (-8.2%), Capdepera (-8%), Sant Llorenç des Cardassar (-12.3%) and Son Servera (-12 ,1 por ciento)
What investors can learn from the figures on the Mallorca real estate market
More about this in my webinar on Mallorca real estate as an investment. Register now for free. To know which investment suits you . And what makes the real estate market in Mallorca so exciting. Especially if you are not just looking for a holiday home. Here you will find the most important things you need to know. So that your finca on Mallorca remains a valuable capital investment.