In recent years, Mallorca has become a sought-after destination for Americans looking for luxurious second homes. Places such as Port d'Andratx, Cala Santanyí and the old town center of Palma de Mallorca in particular are extremely popular with buyers. The reasons for the boom are the comparatively lower real estate prices compared to Florida (Miami) or Manhattan (New York). Many US buyers are wealthy and often willing to invest quickly.
Why Mallorca?
For many US Americans, there is no language barrier - they speak Spanish anyway. Mallorca also offers an ideal climate, impressive landscapes and a well-developed infrastructure, making it an attractive destination for US real estate buyers. The direct flight from New York City to Palma has also contributed to its increasing popularity. US buyers also appreciate the high-quality healthcare services and relaxed lifestyle on the island.
Popular types of real estate
Americans show a particular interest in rustic estates and fincas, which are often used as vacation homes or retirement residences. Demand is focused on luxurious properties worth between five and ten million euros. These offer not only comfort and privacy, but also a unique global investment opportunity.
Future prospects
We are hearing more and more from our US clients that Dubai and Mallorca are THE investment locations for them in 2024, and with the ever-growing number of US buyers, the real estate market in Mallorca is expected to continue to flourish. This also offers local real estate agencies like Claus von Benz Immobilien the opportunity to expand their business and target the needs of this new client group.
For further information and personal advice, Claus von Benz Immobilien is always at your disposal. Let's find your dream property in Mallorca together!