Exploring Real Estate in Mallorca: Insights from Taylor Wimpey España Director, Marc Pritchard

Are you looking to buy property in Mallorca? Well, according to Marc Pritchard, Sales and Marketing Director at Taylor Wimpey España, the real estate market on the island is quite different from that on the mainland.

Unlike in mainland Spain where large volumes of properties are being built, developments in Mallorca are smaller in scale. Taylor Wimpey’s latest development, Es Volor, consists of just 13 two-storey townhouses, following a low volume, high-quality building strategy. And it seems to be paying off, as sales have been exceptional in recent years, being the best in the company’s 65-year history in Spain.

Most of the buyers are from overseas, with a diverse range of nationalities interested in settling in Mallorca. While British buyers have decreased post-Brexit, Germans and Poles are among the top nationalities investing in property on the island.

However, affordable housing options for local residents are limited, as most builders focus on luxury properties. Marc suggests that authorities should consider allowing taller properties to be built, especially in Palma, and converting larger apartments into more affordable units.

As we approach Easter, the real estate market in Mallorca is expected to pick up, but buyers should act fast and be patient. Due to various factors, properties in developments like Es Voltor may not be ready until the end of 2025.

So, if you’re in the market for property in Mallorca, now might be the time to start looking. Keep an eye on the Euro Weekly News for more updates on the real estate market in Mallorca and beyond.