C ENTRE OF THE I S L A N D
M
allorca‘s island centre is basically a plain from which there is a view to the Sierra de Tramuntana. The mountains protect from the cold north winds in winter. Especially fincas and typical Mallorcan village houses are in demand. The proximity to Palma is also in demand - places like Santa María and Alaró are especially in focus. With an average of around 2,300 to 2,600 €/m2, these two places currently achieve the highest price level in the island centre. However, fincas are not available here for less than €700,000, top properties are at least around €3 million. Apart from that, the area is rather known for the fact
that here, one finds the cheapest apartments and village houses of Mallorca. The market is spread over 20 municipalities. Overall, sales figures have been relatively stable over the last three years, with annual sales of between 1,048 and 1,119 freely financed properties. The centre of the island is a buyer‘s market overall, although prices hardly moved at all in 2019. Mainly Germans and Englishmen of young or middle age bought in this area in 2019.
1200
1119
1100
1048
1056
1000 900 800
762
700 2016 2017 2018 2019
20
Source: Ministerio de Transportes 11.03.2020
NUMBER OF REAL ESTATE TRANSACTIONS 2016-2019
KENSINGTON | Market Report Balearic Islands 2019/2020
