Palma de Mallorca is a city which is always in the international limelight. Its modern globalisation in such a reduced time period, as well as the grand welcoming of worldwide tourism, means that day after day newspapers fill their pages with information about this Mediterranean gem. One of the latest elements which has caught the attention of international investors is that the Mallorcan capital has the third highest number of apartments in Spain costing more than a million euros. What has been the cause of this phenomenon? Could you afford to buy an apartment for sale in Palma de Mallorca? At Grupo Roma, your real estate agency in Palma, we will be giving you all the information in the following blog article.
In order to give you an idea of the number of apartments that a city like Palma of approximately 500,000 inhabitants has, the island capital only just falls behind the cities of Barcelona and Madrid. To put things into perspective, in Palma there are 1,929 apartments which have a market value of more than one million euros, most of which cost around 2,3 or 4 million. As you can imagine, many of these properties are located in the centre of the city. This phenomenon is due to the increase in property prices, in which Palma saw a 35% increase in these properties in comparison to 50% on the Iberian Peninsula. At Grupo Roma, real estate agency in Palma de Mallorca, we have a selection of apartments with prices below one million euros for all those who are looking to find a home in the capital but with a more reasonable budget.
At Grupo Roma we fully understand the Mallorcan and foreign sector which encapsulates those who want to build their home in a dream-like city, but who don’t want to or can’t invest seven figures. Therefore, our catalogue of properties is as diverse as possible. We want to be real estate experts who cater for everyone, which is why we offer the best prices and opportunities, supported by ABSI, and the most interesting exclusives on the market. Take a look at our apartments for sale in Palma de Mallorca and find the one which is best suited to your needs. We would be more than happy to talk with you and attend to your queries!
At Grupo Roma, your real estate agency in Palma, our team of expert professionals in the real estate sector are waiting to help you find your ideal property which is perfectly suited to all of your tastes and needs. Don’t hesitate any longer and contact our real estate agency in Palma!