Southwest of Mallorca 2017: Real estate market report
At Mallorca Gold we are specialized in the luxury real estate market for villas of 2 million EUR in the Southwest and above. The Southwest of Mallorca for us includes the areas of Son Vida, Portals/Bendinat, Sol de Mallorca, Nova Santa Ponsa/Port Adriano, Camp de Mar and Port Andratx, excluding the city of Palma and Palma Old town.
This market report is based on our own resources as unfortunately, in Mallorca and generally in Spain, there is not official data from the government or equivalent parties that reflects these types of transactions. As you know, the real estate market in Mallorca follows the multiple listing system, this means, that the buyer can buy the same property with any of the leading brokers in Mallorca. For us, this means that we know pretty well what has been sold in the Southwest just by speaking to our owners when their property has been sold. In addition to this, we have also obtained information from our lawyers, architects, notaries and competitors. This report which is made by our own data will not reflect 100% the actual market transactions, but it will to more than 85% of 2 million plus Villas sold in the Southwest of Mallorca.