Luxury property in Mallorca
Mallorca is considered one of the most beautiful resorts in Europe and attracts visitors from all over the world with its lifestyle. Many people decide to buy a property after a holiday in Mallorca. The popularity among foreigners, the infrastructure, the transport accessibility and the demand for real estate are the drivers of the growth of luxury real estate. The purchase of a 5-star villa or finca in Mallorca in a picturesque location in Mallorca is becoming not only a wise investment but also a fashionable phenomenon. Why, despite the cost, is expensive real estate so popular here?
According to statistics, during the first nine months of 2021, home sales on the Balearic Islands have increased by 53% compared to the same period in 2020 (from 7,863 to 12,038). And the cost of transactions in 2021 increased by as much as 84% – from 2.42 billion euros to 4.46 billion euros (data from the Ministry of Transport of Spain).
Top 4 Mallorca locations with the highest average price per square meter
| Zone | Average price м2 |
|---|---|
| Portd’Andratx/Andratx | 7.420 € |
| Costa de’en Blanes/Calvià | 7.155 € |
| Deià | 6.331 € |
| Portals-Bendinat/Calvià | 5.753 € |
In an overview of the real estate market from Yes! Mallorca Property we have already mentioned that prices in luxury, over the past 5 years segment have grown much faster than average, and the demand for large homes in Mallorca with seaview has not declined despite 2 years of lockdown. This trend makes real estate purchases an attractive investment tool, which brings its owner, besides the direct return on capital, a living in a comfortable climate near the sea.
How much does a luxury villa in Mallorca cost?
If we are talking about a truly luxury property, the lower price range for such objects starts at 3.5 million euros.
Here we talk about an example of such a villa is one of the most prestigious locations in Santa Ponsa, the southwestern coast of Mallorca.
The villa has an area of 350 square meters.
The house has 5 bedrooms and 5 bathrooms: 4 ensuite bedrooms and one guest bedroom with an adjacent guest bathroom.
Utility room: laundry room, storage room, garage for 3 cars
Open kitchen connected to a large living room with direct access to the terrace. Swimming pool, well-groomed green area and views of the Mediterranean Sea.
On average, the cost of the best 5-star villas and houses in Mallorca is 4.5-7 million euros. Prices may vary depending on which part of the island the property is located and the specific location.
How much is the most expensive villa in Mallorca
If we talk about the upper limits of the prices, they are not limited to anything. The most expensive viila for sale in Mallorca currently on the market is Villa Solitaire in Son Vida, estimated at 65 million euros.
The Villa Solitaire in Son Vida
This masterpiece by Milan architect Matteo Thun is located in the upper area of Son Vida, one of the most prestigious and expensive on the island. A lovingly nurtured private botanical garden surrounds Villa Solitaire, and the terraces and windows offer stunning views of the bay.
One of the two pools is a panoramic infinity pool that creates the feeling of floating above the sea.
The best areas to buy modern luxury homes in Mallorca
Prestige homes on the frontline are available in almost every part of the island, but some locations are considered the most prestigious.
Son Vida
Nestled in the rolling hills at the back of Palma, Son Vida is one of the most popular residential areas on the island. Son Vida has rightfully earned the unspoken title of the Beverly Hills of Mallorca. This beautiful and prestigious area lures most of those who want to buy private luxury property in Mallorca. The hilly landscape allows villas and houses to be situated so that they do not get in the way of each other, opening up spectacular views of the bay of Palma and the surrounding area. Nearby are picturesque farmlands and ideal golf courses – a paradise for keen golfers. This tranquil suburb is also within easy reach of the island’s capital.
This part of Mallorca has a rich history. The area takes its name from the Vida family, who bought the land in 1518. Still, Son Vida was settled even before that because the Castillo Hotel Son Vida is a luxury hotel located in the historic castle from the 13th century.
But the attractiveness of Son Vida does not end at scenic views and a rich history. One of the advantages of the location is its security: it is a private territory, and a presence of security guards, video surveillance and the absence of tourist crowds makes the life of residents comfortable.
