Southwest 2016: Real Estate Market Report
At Mallorca Gold we are specialized in the luxury real estate market for villas of 2 Mio EUR and above, where the Southwest of the Island is our main market. The Southwest of Mallorca for us refers to 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 own sources as unfortunately, in Mallorca and generally in Spain, there is no official data from the government or similar 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 to which nationality a property in the Southwest was sold to, we simply ask our owners when they communicate that their property was sold. In addition to this, we have also the rest of the information obtained from our lawyers, architects, notaries and competitors. This report which is made by our own data will not reflect 100% the real market transactions, but I will say more than 85% in the bracket of 2 Mio + Villas sold in the Southwest of Mallorca.