Real estate rage in rural Mallorca: Farm sale to set record this 2022

doubled in ten years

The verified data that this paper can refer to come from the National Institute of Statistics. Until October 31st this year total sold 3,857 rural farms on the islands. At the end of the year (two more months added) More than 4,450 operations For sale, a historical figure for the Balearic Islands. Inside 2021, 4,398 transactions closed. They dropped to 3,058 in 2020, a covid year. In 2019, 3,695 publications were made. Real estate, slightly less than the sales through October 31 this year. In descending chronological order, one 2012just ten years ago, the purchase of rustic farms there were 2,103. Therefore, it can be said that such operations have easily doubled in ten years, which would coincide with the last two periods of the Pact of Progress in society.

registered year greater and sharper rise from the purchase of such property. fora villa it was in 2016date coinciding with the major boom related to tourist rental on the island. A Terraferida study that year Billing through Airbnb reached €294.3 million across all islands.

25% purchase for first residence

For Lucie HauriSpecializing in the real estate sector in the southeast of the island since 1982 Most of the customers who buy these rustic properties are German, Swiss, Swedish “and British, but less and less”.. According to your experience, Around 25% are “people who come with their children and buy a house as their first residence. I know families from abroad who have settled here because their children go to school. school rafael nadal. In this group, we can also talk about people who want to build a house here due to covid and have the opportunity to do so. remote work. Other He says he bought 25% only for investment and the remaining 50% is a second home.». when it comes prices are too high and demand is still high. I don’t know what will happen because with the decree on the preservation of the new village land, half a meter of construction is allowed from the old one, and someone with a lot of money does not want a 250 square meter house, he argues.

head Balearic National and International Real Estate Association (ABINI), Hans Lenz, thinks this 100% increase in sales coincides with the same percentage increase in closed transactions for urban housing. “It is true that interest in living in open spaces, in nature has increased especially since covid. Previously, it was cheaper to buy a rustic farm due to the lack of urban land, but in recent years this is no longer the case. in the last two, The price of rural properties adjacent to the zones doubled importantwhat are they Santa Maria, alaro, Santanyi, pollenca anyone Artà. e.g Council For 200,000 euros everything has already been sold and now you can’t find anything under 400,000 euros.».

Another thing that happens in the rustic setting, according to Lenz’s comment, is the constant message being sent. will limit a lot. «We have a new decree of 9/2020, which is urgently put into action, while we are all half-closed. Preservation of 51,700 hectares of rustic land and halving homes announced. “It created a career in crafting. licenses and given the possibility that the faucet will shut off forever, I think it artificially creates an even greater demand. It is also necessary to analyze whether this political movement accelerated the increase in prices even more. The ABINI president thinks that many families here cannot be denied or penalized for the possibility of building a house on their rustic farm, or that they “could sell it for income, given the fact that agriculture gives practically nothing.” I think that an agreement should be reached and that the landlords should sit down with the agricultural representatives, because agricultural activity on such land should be facilitated and somehow opened up to the peasants.” .

The biggest operation in history: the sale of La Fortalesa de Pollença

According to Lenz, those investing in Mallorca’s rustic properties are “more small investors for the scalability of the farms”. Although there are exceptions. The largest operation to be carried out rustically in Majorca’s entire history, Pollença Castleacquired this year by Norwegian businessman Ivar Erik Tollefsen Then there is 63 euros Purchase of 18 kilometers of coastline by Reubens, who closed the operation as a strategic investment, thinking that they could build in the region in the future.

“All of Mallorca will eventually be divided into two neighborhoods”

Natalia Bueno, president of the Association of Realtors of the Balearic Islands, is a great connoisseur of the Es Raiguer region. “There are developers who are committed to buying two plots. quarter -minimum thing to build- and they’re committed to making standing high In the Majorca countryside. they are chalet first of all foreign buyer from northern Europe. Demand has increased a lot. They are on the market for a million euros“The irregular ones, the illegal ones, have a depreciation of about 40% of the market value. These are in high demand by citizens aged 30 to 50,” explains Bueno. Faced with this situation, Bueno denounces the fatigue of the villagers “The peasant should protect himself more. All of Mallorca will eventually split in two quarter and the field will disappear. “When someone buys a farm, they have to have some kind of agricultural exploitation,” he comments. “There is also High demand for plots to put solar panels. Every week I get requests to both buy and rent,” he adds. «These are leases of up to 3,000 euros per hectare per year.“, details. «And for a solar park to be profitable, there are at least ten. 30,000 per year, that is, 2,500 per month ».