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Demand Strong in Mallorca’s Premium Property Market, Says Engel & Völkers

The real estate agency ended 2020 with sales of €410 million, down slightly from 2019 (€470 million), mainly due to the lockdown.

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In the first quarter of 2021, Engel & Völkers Mallorca saw a 66% increase in online enquiries than the year before.

Major investments are being made in the island’s capital to modernise infrastructure and implement more environmentally friendly mobility projects. This has increased the attractiveness of Palma de Mallorca, especially among clients looking for a sustainable Mediterranean home with a high quality of life and long-term investment potential. The greatest demand is for penthouses, flats with terraces and balconies, and new build properties with high quality and sustainability standards.

Read the full article in Spanish

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