Son Vida 2016: Real Estate Market Report
After the best year ever in luxury real estate sales in 2015, where in Son Vida sales had doubled since 2014, in 2016 the total sales slowed down slightly, from approx. 100 Mio EUR in value of properties sold to 92 Mio. My personal explanation for this is that in 2015 two villas over 10 Mio EUR were sold and the highest one in 2016 was 7 Mio, but besides this, 2016 was again a great year and will always remain as a very small and exclusive area of Southwest were each year properties with a value of approx. 100 Mio EUR will changes hands. Even in 2017 with the new regulation in planning, which states that all the plots in the Old part of Son Vida that do not have the services in place will not obtain new building license. There are still a good number of plots in the new area of Son Vida that investors can still consider (as there almost no plots available in the rest of southwest) and the normal demand for finished villas and newly built villas is increasing year after year.
*For the introduction or information from where we collect our data please review our first page from 2016 Market Report Southwest.