Mallorca’s Prime Housing Market Gets Boost From American Buyers
Prime prices are up 15% compared with a year earlier, according to Savills.
The exterior of a five-bedroom country home in Pollensa listed for €5.5 million.
Source: Savills
It is peak tourism season on the Spanish island of Mallorca, and along with the vacationers flying in to enjoy the sun, sea, culture and Richard Branson’s new Son Bunyola hotel, more people are looking for homes.
Prices are going up, too. Prime prices rose 15% in the year to June 2023, according to research from property firm Savills, which puts Mallorca in the top five in their rankings of second home locations. Savills looks at cost among other factors such as quality of life, airport connectivity and high-end restaurant and hotel offerings, all of which Mallorca scores highly on.