The Mallorca property market - A safe long-term investment
Market report says "Mallorca is safe as houses
Mallorca, and its neighbouring Balearic Islands have weathered yet another storm
Mallorca, and its neighbouring Balearic Islands have weathered yet another storm, this time a global pandemic, brushing off doomsday fears with aplomb, with market turnover reaching over 80% in 2021. Thats no mean feat at a time when the world basically went into standstill. Property prices went up, and continue to do so, while foreign investment rose to 40%.
Supply constraints meant that number wasn't higher, but property prices in Mallorca even went up by almost 7% during 2020 - the pandemic year.
Mallorca is a leading upmarket expat and holiday destination
As a leading upmarket expat and holiday destination, the island has proved itself over and over again. The 2008 property crash was barely felt here. The pandemic, again, same thing. House prices and sales numbers over the last two decades show a constant and steady growth.
Whereby in the rest of Spain some owners are sitting on negative equity, in the Balearics property prices have continued to rise, and are now between 18% and 60% above their highest pre-crises peak.
Because whatever else may be going on elsewhere in the world, real estate on the island maintains its value, and island living maintains its quality, making Mallorca property highly sought after and investments on the island safe.
"The key facts of the latest Engel & Völkers Mallorca market report underline the perennial safety and security of the island as a long-term property investment." - Spanish Property Insight.
Luxury new homes for sale in Mallorca
Luxury brand new build frontline villa with panoramic sea views in Bonaire, Alcudia . Reference n.: C2264
A high demand for new homes coupled with strict building laws, a chronic scarcity of land and real estate available, especially on the coast, means the property market value on the island is safe from over-supply and a decidedly low investment risk.
Coastal properties with sea views are the most coveted properties of all, with new builds in semi-residential spots, with ammenities and infrastructure coming up top. Pandemic lifestyle changes have also boosted interest from local and foreign buyers looking to relocate part and full time to warmer, more tranquil climes.
Stunning luxury brand new build frontline villa with panoramic sea views in Bonaire Alcudia
Reference n.: C2264
This stunning newly built property epitomises luxury and is finished with the most highest standard of fixtures and fittings.
The property is situated on the frontline next to the harbour and beach of Bonaire and boasts incredible panoramic views all across the bay.
The villa sits on a plot of 646m2 and has is surrounded by beautiful garden and terraces.
On the entry level of the property we find the well sized living space with fireplace and dining area that in turn leads to the fully fitted high tech kitchen, there is a guest toilet and on this level we find the first of the five incredibly well sized bedroom suites complete with dressing room and its own bathroom.
Going up a level via the beautiful wood staircase to the right we find another guest bedroom suite with its own bathroom, to the left we find the master bedroom which in size is almost the footprint of the living space and has a seating area, walk in wardrobes, free standing bath and fully fitted bathroom.
Completing the first floor with have another guest bedroom suite identical in size and layout to the bedroom on the entry level.
On the basement level of the house we find another ensuite guest bedroom that could be used as staff quarters, there is a laundry, the machine room and of course the huge underground parking with space for a number of vehicles.
One of the stand out features of the property is its exterior, there is a the main terrace accessed from the living area which is also where we find the two level infinity swimming pool, a back and side terrace accessed from the kitchen, all of the bedrooms have access to the exterior with their own terraces.
Other features to mention would be lift to all floors, air conditioning, underfloor heating, home dolomitic system, motorised curtains and blinds, video entry system and top quality aluminium carpentry throughout.
This property really is the height of luxury set against the most beautiful sea backdrop.
The property is sold furnished and is ready to move into right away and viewings are available now with Sol Mallorca.
Don't miss out on this incredible property, ideal for anyone that would love a home on the stunning north coast of the beautiful mediterranean island of Mallorca.
Reference n.: C2264 Location: Bonaire - Mallorca