Hotspot Mallorca

EDITORIAL

Dear Reader

The Island of Mallorca is the largest of the Balearic Islands in the Mediterranean Sea off the east coast of Spain, Europe. It is the top destination for second homes offering a wonderful climate, beautiful landscape, and coastline - perfect to enjoy the outdoor lifestyle. The island has a modern infrastructure with top sports facilities, hospitals, and international schools. There are direct flights to Europe’s main cities and to New York from Palma’s International Airport.

Mallorca has established itself as the prime location for luxury residences and investment properties in the Mediterranean. It attracts a discerning international clientele which finds in Mallorca the ideal place for a privileged lifestyle. A property in Mallorca is considered a safe investment in the future, which is why some properties are bought primarily as an investment. An increasing number of buyers plan to spend more time in Mallorca in the future, work from their remote office at their dream property or even move their main residence on the island.

Engel & Völkers celebrates over 30 years in Mallorca, supported by over 170 professionals in 19 property shops with local know-how and international network. The Private Office department has been offering an exclusive firstclass service to particularly wealthy international private clients since 2007.

Florian Hofer — Managing Director Engel & Völkers Balearic Islands

Mallorca: a paradise with outstanding accessibility

Mallorca’s greatest advantages include its excellent accessibility. Thanks to many different airlines with direct connections to Palma Airport from Europe's main cities make the island a destination like no other. The Palma International Airport is the most well-connected airport in the Mediterranean, with a total of 375 routes across Europe and the airport was recently awarded the “Best Airport in Europe’’ in the category “between 25 and 40 million passengers per year”.

Private air travel to Mallorca has also progressively gained in importance since the beginning of the pandemic: Palma’s private jet terminal reported the highest number of jet movements in the Spanish region last year with a total of 16,633 flights. This represents an increase of around 58% compared to the year prior to the pandemic (2019: 10,532). Most people travelling by private jet came from Germany, Austria, Switzerland, France, England, and Scandinavia. The increasing number of arrivals corresponds with Mallorca’s development into a quality-oriented travel destination with exclusive boutique hotels, restaurants, shopping opportunities, as well as sports facilities and events amidst a Mediterranean atmosphere.

Key Facts: The island at a glance

"There is no other summer destination which can be reached from almost all cities in Europe like Palma."

Florian Hofer — Managing Director Engel & Völkers Balearic Islands

Palma de Mallorca Mediterranean metropolis with history

The cosmopolitan city of Palma de Mallorca impresses both international visitors and its residents with a diverse range of cultural facilities and historic buildings. Palma’s lively nautical area with several marinas has a Mediterranean ambience and an array of first-class dining options the whole year through. There are numerous modern and traditional boutiques and shops in the winding streets of the historic center. The city’s beach, Can Pere Antoni, is located just a few meters away from the Gothic Cathedral of La Seu whose history dates back to the 13th century.

attract international workers and investors. There is also continuous development in the tourism sector in Palma de Mallorca: with frequent luxury hotel openings. Just outside of Palma and only 20 minutes from the airport you can find the exclusive five-star Castillo Hotel Son Vida, a Luxury Collection Hotel. In 2023, a refreshed Hotel Son Net in Puigpunyent reopened, as well Sir Richard Branson‘s luxury Son Bunyola opened its doors. We are also excited about the opening of the Four Seasons Resort Mallorca at Formentor scheduled for 2024.

In May 2020, extensive renovation work started at Club de Mar yacht club and marina - this is the largest maritime project in the Balearics, and construction work is progressing quickly. Palma is set to have one of the most modern and sustainable marinas in the entire Mediterranean. There are plans to build a dock for four boats of between 136 and 170 meters in length and with a beam of up to 24 meters. It will be the largest wharf in Spain. Around 60 million euros have been invested in integrating the marina into the city’s waterfront boulevard, the Paseo Marítimo.

The new technology center in Palma’s Nou Levant district is currently being developed with the Balearic Islands University and is part of a project to create a high-tech quarter based on the Silicon Valley model in California. In future, topics such as digitalisation and renewable energies will be researched here. In addition, the emerging new area of Nou Llevant will be characterized by several new development projects, which also aim to

Palma de Mallorca is also becoming the place to be for foodies and is now considered the most dynamic Mediterranean capital for gastronomy at all levels. Restaurants, cafes, and markets all celebrate the island’s culinary culture while offering a great variety of food featuring local fresh produce and innovative reworkings of traditional island recipes.

"In the capital of the Balearics, great emphasis is placed on a high quality of life and making sustainable investments in consistently improving infrastructure."

Hans Lenz — Managing Director Engel & Völkers Mallorca Southwest

Michelin-starred restaurants in Mallorca

Zaranda - 1 star

High-end, multi-course meals with global inspiration served in a classy restaurant.

DINS Santi Taura - 1 star

Sophisticated, adults-only restaurant offering locally sourced, seasonal fare & a robust wine list.

Adrián Quetglas - 1 star

Sophisticated Mediterranean dining room with creative tasting menus & wine pairing.

Marc Fosh - 1 star

Tasting menus of adventurous Mediterraneaninspired cuisine, plus wine pairing, in a sleek space.

Maca de Castro - 1 star

Elegantly presented Majorcan cuisine served in a sophisticated restaurant with a garden terrace.

Béns d’Avall - 1 star

Refined Balearic dishes, including bouillabaisse, at this decades-old venue with a sea-view terrace.

Es Fum - 1 star

Fusion restaurant - diverse menu is filled with delicious specialities.

VORO - 2 stars

High-quality regional and seasonal products. Surprises with exquisite, innovative dishes.

Andreu Genestra - 1 star

Sophisticated restaurant is dedicated to traditional Mallorcan cuisine.

Fusion 19 - 1 star

International flavours while being loyal to the local gastronomy and using mainly seasonal local products.

A feast of local produce & gastronomy in Mallorca

It is no secret that Mallorca has become one of the European hotspots for international culinary connoisseurs who visit the island to discover the unique flavors of Mediterranean cuisine. The capital city of Palma offers a wide selection for all culinary tastes, from the typically rustic menu del día to contemporary Asian fusion and ritzy fine-dining experiences with intricate tasting menus prepared by Michelin-starred chefs. Whether hidden down the atmospheric streets of the Old Town, showcased on sunny waterfront terraces, or resplendent under palm trees on grand palacio courtyards, we are spoiled for choice by the city’s extensive selection of restaurants.

When package tourism first started in Mallorca in the late 1950’s, restaurants focused on international cuisine to give visitors “home from home” food. However, over the last decade the increased popularity for the island’s rural tourism, combined with a new generation of visitors that want to experience authentic food of the destination, has created a shift to developing more home-grown local produce. Many restaurant concepts are now celebrating the popularity of Mediterranean gastronomy and have gone back to their Mallorcan roots serving updated traditional dishes with fresh local produce wherever possible.

Mallorca now has over 90 bodegas producing award winning wine which is becoming recognized at an international level. The production of local olive oil is another success story, packaging the oil in attractive bottles and containers. This approach has extended to the island’s sea salt, honey, distinctive sobrasada (spicy pork sausage), jams and home-made ice cream, all being sold on the traditional weekly markets islandwide.

"The island is increasingly becoming the No. 1 destination for a second home in Europe. "

Florian Hofer — Managing Director Engel & Völkers Balearic Islands

Pure natureSustainable Mallorca

Mallorca is characterized by its untouched nature and impressive varied coastline. Kilometers of beaches, stunning bays with crystal clear waters, in combination with the impressive rural landscapes make the largest of the Balearic Islands an attractive location for nature lovers. Mallorca is a wonderland for walkers and hikers and home to the Serra de Tramuntana, one of the most spectacular mountain ranges in the whole of Spain. Stretching around 90 kilometers from Andratx in the southwest to Cap Formentor in the very northeast, the Tramuntana mountains are a UNESCO World Heritage site, and once you’ve been there, you easily understand why.

A visual feast of dramatic peaks, breathtaking geographical curves and resplendent nature, it is no surprise that the Tramuntana mountains are beloved by cyclists, hikers and outdoor enthusiasts.

To preserve this unspoilt nature sustainability is a pure necessity, especially for future tourism development since the Balearic Islands have become one of Spain’s most successful tourist regions. The Balearics have led the way in environmental protection in the Mediterranean for over 50 years with the mission of making the tourism industry environmentally friendly and to create a sustainable and regenerative tourism model.

Step by step, the island of Mallorca is on the path to becoming a sustainable travel destination. Since March 2021, single-use plastic products have been banned and there are several community initiatives which support positive development across the island, such as filtered drinking water from public water dispensers. Measures connected to traffic calming as well as the reduction of air and noise

pollution are systematically enforced by the government. In Palma’s center, there are increasing numbers of restricted traffic zones, which have either been turned into green spaces or are completely car-free zones.

In Mallorca there are an increasing number of companies and initiatives aware of the need to work to ensure a sustainable future both for the island and for tourism that remains the island's most important source of income.

Hans Lenz — Managing Director Engel & Völkers Mallorca Southwest Chairman Mallorca Preservation Foundation

The island of Mallorca is considered a pioneer for nature conservation in the Mediterranean region.

The fact that the royal family has spent its summer here for decades speaks for itself.

Karen Lauhus — Private Office Advisor

A safe haven for familiesSafety & Schools

One of the most important criteria for an international clientele is the region’s high level of security. The island situation stands for itself, as it is comparatively easy to ensure the monitoring of border security. Also the Spanish royal family trusts in the safety level of Mallorca and has spent all summer in their island residence since the seventies.

It doesn’t surprise that many families select Mallorca as their primary residence. Another main factor for them is the selection of 17 renowned international schools. From preschool to primary, A Level and the International Baccalaureate for students of up to 18 years right through to university kids can enjoy excellent education in multiple languages. Educating children in a secure international environment and under privileged circumstances is a gift many families appreciate.

Sports paradise Mallorca

Mallorca has established itself as a top location for both sports enthusiasts and professionals since the island offers the best conditions for sports on land as well as on water - all year round. The spectacular Tramuntana mountains, the impressive landscape, the amazing coastline and the sea are ideal settings for many sports activities such as golf, hiking, cycling, tennis, sailing and many more. Due to the ideal climate, the good sports facilities and, last but not least, the easy accessibility, many international sports competitions take place in Mallorca.

In June 2021 we celebrated the first edition of the ATP 250 Mallorca Championships in the Mallorca Country Club, the new home of lawn tennis in southern Europe which was founded in collaboration with Wimbledon and combines traditional lawn tennis with a modern lifestyle. The ATP Mallorca Championships put the island in the international spotlight attracting the best tennis players such as Novak Djokovic, Daniil Medvedev and Dominic Thiem among many others. This year, the tournament has once again attracted tennis players and fans from all over the world.

Young tennis stars find their place in the Rafa Nadal Academy of Spanish tennis player Rafael Nadal who finished five seasons as world number one. Since its opening in 2016, the academy has already become one of the reference sports centers in the world. It offers top facilities and infrastructure - and all this in the heart of the beautiful island of Mallorca.

With 23 varied as well as challenging golf courses all over the island, Mallorca is also an absolute place to be for passionate golf players and professionals who appreciate the excellent facilities and spectacular views of the Tramuntana mountains and the Mediterranean Sea. Once a year Mallorca holds “The Mallorca Golf Open” which is part of the DP World Tour tournament, one of the leading professional golf tournament series in Europe. It is an incredible event in a spectacular setting which attracts many visitors and the best players in the world.

Last but not least, horse riding is also a part of Mallorca. With several horse breeding farms, riding stables and equestrian hotels, the island is a popular destination for horse lovers.

Why Mallorca? 10 reasons to invest

1. Good accessibility

The international airport of Palma de Mallorca is one of Europe’s leading airports, with hundreds of routes to destinations across the globe. Direct flights to all major European cities ensure that journeys are kept short, therefore, those interested in buying properties can easily commute between their home and the Mediterranean island of Mallorca.

2. Perfect climate

With an average of 300 days of sunshine a year, Mallorca has warm summers and mild winters, during which the temperatures rarely fall below 12 degrees. It is the perfect climate to enjoy outdoor activities and life outdoors the whole year through. The pandemic has resulted in many owners of holiday homes spending longer periods of time on the island.

3. Infrastructure

Mallorca has a highly developed and fast motorway network, and even the places located furthest away from the capital of Palma can be reached by car within 90 minutes. Thanks to the modern fibre optic network, almost all households can be provided with fast Internet connection, which makes the decision to work from home on the island even easier.

4. Capital of Palma

A s a travel destination in its own right, Palma de Mallorca offers a combination of architecture, culture, individual boutiques and shops, as well as a year round restaurant scene. Many of the historic buildings have been renovated and the cosmopolitan city boasts numerous new openings as well as diverse social and cultural activities.

5. Healthcare

Mallorca provides professional healthcare management in all parts of the healthcare system. This encompasses multi-lingual services in first-class doctors’ surgeries and hospitals. The island is therefore able to ensure medical care for millions of visitors.

8. Diverse landscapes

Mallorca’s attractiveness is based on its diverse and varied landscapes. The Serra de Tramuntana mountain range spreads over an area of 92 kilometres, from the southwest to the northern tip of the island. The impressive interplay between mountains and sea appeals to the island’s visitors and residents alike.

9. Education

In Mallorca, there are 17 international schools which provide a good standard of education for native and foreign residents, from pre-school right through to university. Children can be taught in their native language and learn Spanish at the same time. The University of the Balearic Islands offers a diverse range of academic programmes.

6. Sport activities

The island has strengthened its position as a leading sports destination internationally: not only for those who practise sports in their spare time, but also for professionals preparing for their athletic season with training sessions on the island. Many international sports events take place in Mallorca, such as the ATP Mallorca Tennis Championship, the Road to Mallorca, the Mallorca Challenge (Triathlon), and the UCI Track Cycling World Championships. Whether you are interested in hiking, sailing, cycling, or playing golf, the island has something to offer for everyone.

7. Safety

Security organisations including the police and Guardia Civil have decades of experience in keeping the island safe for numerous visitors. Due to the few possible points of entry, it is comparably easy to monitor the island’s border security.

10. Culture and society

The island’s social and cultural agenda includes a broad spectrum of concerts, food and wine festivals, sports tournaments, and the popular traditional island fiestas the whole year through. Additionally, the exclusive marinas in Puerto Portals and Port Adriano organise popular events, such as the Classic Car Rally, the Aftersun Market, and the Christmas Market.

BALEARIC ISLANDS

Engel & Völkers Highlights

No. 1

Engel & Völkers is the market leader when it comes to selling properties in Mallorca.

595

595 sales transactions were recorded by Engel & Völkers in the Balearic Islands in 2022.

30+ Years

Engel & Völkers has more than 30 years of market expertise in the Balearic Islands.

589

In 2022, Engel & Völkers signed 589 rental agreements in the Balearic Islands.

€ 1 B

With a transaction volume of around one billion euros, Engel & Völkers set another record in the Balearic Islands.

200

More than 200 employees and real estate agents work for Engel & Völkers in the Balearic Islands.

21,300

Engel & Völkers received a total of 21,300 new client enquiries in 2022.

2,500

Engel & Völkers has more than 2,500 properties in various price categories listed in the Balearic Islands.

65,000

More than 65,000 customers are actively looking for a property in Mallorca with Engel & Völkers.

ENGEL & VÖLKERS LOCATIONS

19 Property Shops & 1 Commercial

WEST

Deià

Sóller

PALMA SURROUNDINGS & SON VIDA

Son Vida

SOUTHWEST

Port Andratx

Santa Ponsa

Portals

COMMERCIAL

Palma

PALMA

Palma Centre

Palma Southwest

Palma Beach

CENTRAL

Santa Maria Inca Alaró

NORTH Pollensa

Puerto de Pollensa

Puerto de Alcudia

SOUTH Llucmajor

NORTHEAST Artà

SOUTHEAST

2 x Santanyí

Engel & Völkers Locations

Scan QR code for contact details of our real estate shops on Mallorca.

Facts

Palma de Mallorca

Old Town | Playa de Palma | Paseo Marítimo

• International hotspot in the Mediterranean

• Modern penthouses and apartments

• Average Price: 1.1 million euros

Palma de Mallorca boasts a rich cultural heritage, a picturesque historic centre, a variety of shops and boutiques, and first-class international cuisine. In the Portixol, Es Molinar, and Coll d’en Rabassa neighbourhoods, kilometres of seafront promenades beckon you to relax and unwind.

Mallorca Central

Santa Maria | Alaró | Selva | Bunyola

• Traditional villages amidst stunning landscapes

• Fincas with stone façades and spacious outdoor areas

• Average Price: 4 million euros

The numerous authentic weekly markets in the traditional villages in the centre of the island regularly offer local seasonal products. Popular places like Santa Maria, Alaró, and Puntiró can be reached quickly and easily from the capital Palma. Mallorca’s interior is an ideal place to live the whole year through. Self-sufficient properties with an efficient energy supply and large outdoor areas where residents can grow their own wine or vegetables, for example, are particularly popular.

Palma Surroundings & Son Vida

Son Vida | Esporles | Puigpunyent

• Exclusive location for golf enthusiasts & families

• Designer villas with avant-garde architecture

• Average Price: 6 million euros

The region of Son Vida is located just a few minutes from Palma’s centre and enjoys a reputation as one of the island’s most exclusive residential areas. This neighbourhood stands out for its peaceful surroundings, high level of safety, and perfect infrastructure. The typical Mallorcan villages of Esporles, Establiments, and Puigpunyent, are located nearby.

Mallorca North

Pollensa | Puerto de Pollensa | Puerto de Alcúdia

• Coastline, beaches, and mountains

• Modern villas and apartments, spacious fincas

• Average Price: 2 - 3 million euros

The north has an outstanding infrastructure and is characterised by its proximity to both the sea and the Serra de Tramuntana Mountains. The properties on the market range from modern, minimalistic new homes to rustic fincas with a high degree of privacy. The region offers everything nature lovers desire the whole year through.

Mallorca Northeast

Artà | Colònia de St. Pere | Canyamel

• Exceptional landscapes and tranquillity

• Modern villas by the sea and rustic fincas

• Average Price: 2.1 million euros

Immediate proximity to the sea and unspoilt scenery make the northeast a popular region for nature and sports lovers. There is no need to travel long distances to enjoy year-round leisure activities. The coastal towns of Colònia de St. Pere and Porto Cristo are well-known for their restaurants serving Mediterranean cuisine.

Mallorca Southeast

Santanyí | Portocolom | Cala Llombards

• Magnificent bays and lively towns

• Modern, newly built fincas and townhouses

• Average Price: 2.2 million euros

Authentic harbour towns such as Cala Figuera, Portopetro, and Portocolom convey a Mediterranean attitude to life and feature both modern town and country houses as well as exclusive villas. Featuring one of the largest weekly markets, the town of Santanyí remains a hotspot for international property buyers.

Mallorca South

Llucmajor | Cala Blava | Son Verí Nou

• Unobstructed view over the Bay of Palma

• Villas right by the sea with modern architecture

• Average Price: 3 million euros

The coastal areas of Son Verí Nou, Cala Blava, Puig d’en Ros, and Maioris can be reached quickly and easily from the capital, Palma, and the airport. The municipality of Llucmajor stands out for both its typical Mallorcan villas and modern townhouses. The region is becoming noticeably more popular for year-round living.

Mallorca West

Sóller | Valldemossa | Deià

• Authenticity, culture, and spectacular landscapes

• Properties with views of the sea or the Tramuntana

• Average Price: 4 million euros

The combination of an authentic and traditional way of life and proximity to the island‘s capital, Palma, attracts great interest from international clients. The west coast of Mallorca features both unique mountain scenery and fascinating views across the Mediterranean.

Mallorca Southwest

Port Andratx | Santa Ponsa | Portals

• Ideal infrastructure year round

• Modern villas and apartments with sea views

• Average Price: 5 million euros

The southwest is one of the most exclusive regions on the island and is home to towns such as Port Andratx, Camp de Mar, Portals, Santa Ponsa, and Bendinat. Buyers from across the globe appreciate the excellent infrastructure encompassing international schools, a wide range of leisure activities, and fast access to Palma and the airport.

Ciutadella | Mahón | Cala Fornells Menorca

• Relaxed lifestyle and magnificent coastlines

• Villas with Pool and garden and fincas

• Average asking price: 1.5 - 2 million euros

The island of Menorca prides itself on being a premium destination in a unique natural environment. Its traditional Mediterranean lifestyle and high level of safety have led to this tranquil island becoming increasingly attractive to real estate investors in recent years. Mallorca’s neighbour continues to grow in popularity thanks to a multitude of restaurant and hotel openings. It is also becoming increasingly accessible thanks to Mahón International Airport and ferries from the Spanish mainland. In Menorca, Engel & Völkers‘ buyers are mostly from Spain, France, England, Germany, and the USA.

Ibiza

Ibiza-Stadt

• International hotspot with beautiful coastline

• Modern properties with sea views

• Average price: 2.5 - 3 million euros

Ibiza boasts a wide range of leisure activities and an array of sophisticated restaurants and beach clubs. Its world-renowned entertainment scene attracts numerous visitors to the south and west of the island every year. However, there are still some traditionally Ibizan regions, especially the north of the island. More than 130 miles of coastline are decorated with picturesque bays and feature a total of more than 50 beaches. Engel & Völkers‘ international buyers mainly come from Spain, Germany, France, Switzerland, and England.

Source: Market Report Mallorca 2022/23

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Imprint

Publisher Engel & Völkers Balearic Islands

BalearEV GmbH

Masterlizenzpartner der ENGEL & VÖLKERS Residential GmbH

Monschaustraße 22

D-42369 Wuppertal engelvoelkers.com/mallorca

Managing Director

Florian Hofer

Coordination

Edina Rauschenberger

Layout Karina Ivanova

Photographers:

Eduardo Márquez, Karina Ivanova, gettyimages.com, unsplash.com, shutterstock.com

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Disclaimer: All information has been compiled with the greatest possible care. We cannot accept any liability for the accuracy and completeness of this information. We shall not be held responsible for damage of any kind whatsoever incurred either directly or indirectly through the use of this information, with the exception of liability for intent or gross negligence. Last update of information and data published: October 2023. Duplication only with reference to source: Engel & Völkers Balearic Islands (BalearEV GmbH; Registergericht: Amtsgericht Wuppertal, Registernummer: HRB 30296)

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