Stunning Palma Penthouse apartment for sale!

This apartment has a wonderful outlook, both east west facing, with double ceiling height windows offering an abundance of light and just the most remarkable views over the city and to the sea. The property is the only one of its kind in the building, a triplex which won awards for its architecture. With three bedrooms and two bathrooms, one en suite, you have a lovely kitchen and dining, on the upper floor, even better views to the sea and looking out to Palma’s Cathedral, you have the living room with a smokers terrace and the lower floor we have the bedrooms.

IMG_0594-1024x640There is AC heating and cooling, as well as radiator heating throughout. The floors are wooden and the property gives in an array of light offering great views from all rooms. There is a utlity room and a dining terrace off the kitchen.

The community offers a spacious parking garage with an option to rent of buy parking separately.

For additional details and images click here – Palma luxury penthouse apartment for sale

Top quality Mallorca Property – A review of the different areas and property options throughout the Island of Mallorca

Last week we highlighted the strong growth in the high end luxury property market in Mallorca while today I would like to break that down a little to look at what is happening at a more local level in different regions of the Island.
Let’s start with the ever popular área of South West Mallorca:
Luxury sea view villas for sale in Port Andratx

South West Mallorca

This is the main area we were referring to with our comment last week that demand is exceeding supply in this top echelon of the market (2€ million +). According to one agency they report that the average value of the properties they have sold this year has risen by over 50% a clear indication that higher priced properties are flying off the shelf and, with all probability underlying prices are rising to.

Three top end new off plan developments have just been launched and are selling strongly.

It is never easy to generalise on who are the buyers but anecdotally they appear to be a mix of younger international buyers, many cash buyers with ever larger budgets.

See new build Santa Ponsa villa for sale

And houses for sale in Capdella Mallorca

And Luxury Andratx villa for sale (enquire for more details)

North Mallorca

Alcudia finca for sale

This will be an interesting area to watch in the months ahead, Post Brexit, as Pollensa and Alcudia are particularly popular amongst British owners. Currently demand for 2-3€ million plus properties is strong both amongst younger families looking for a second “home” (commuting internationally etc) and older buyers looking for a holiday home. As always there is strong demand both for traditional town houses in Old Towns Pollensa and Alcudia and they ever popular Pollensa fincas / country houses.

See stunning country houses for sale in Pollensa Mallorca

Pollensa fincas for sale

See beautiful country house for sale in Alcudia

and new build luxury front line apartments for sale in Alcudia

South Mallorca

Historically one of the quieter areas for international buyers, there is increased demand for prime seafront positions where prices are starting to rise (circa 10% since this time last year). With “affordable” sea view / front line properties becoming ever harder to find, I expect demand in South Mallorca to remain strong. That said a deal has been done this month at 6.5€ million so “affordable” wasn’t exactly the case there!

These front line properties have seen their values increase to around 10,000€ m2 in the best areas areas of Son Veri and Cala Blava. Many seem to have been acquired by people looking for full time residences for the family.

Central Mallorca

Demand along the Tramontana mountains remains strong both in relation to traditional town houses in villages such as Alaro, Moscari, Campanet etc but also larger country houses and estates on the foothills of the mountains and stretching into the more central areas of the Island where one can avoid low flying planes!!

Prices are moving up accordingly in many cases above 10% for the best properties

See Town Houses for sale in Alaro

And Luxury county house for sale in Alaro

Palma City

Palma penthouse project for sale

Demand for the best areas of the Old Town and adjacent locations like Santa Catalina and the beach areas of Portixol and Molinar have gone through the proverbial roof particularly for properties such as top quality penthouses in prime locations in historic buildings with views over the old town and sea views, where all the boxes are ticked – good outdoor space, parking and a lift. Many buyers are younger investors with families that commute to their country of origin.

Top prices are still the ever popular locations near to the Cathedral, Calatrava and the Borne where prices range from 5,000-11,000€ m2.

See stunning sea and port view penthouse project for sale in Old Town Palma

Son Vida (Palma)

Son vida villas for sale

An exclusive residential area on the outskirts of Palma enjoying stunning views over the city and out over the bay of Palma. Here sales appear to have nearly doubled since this time last year with prices again reaching the 10,000€ m2 mark. A number of new projects are in the pipeline with cutting edge architectural design.

Son Vida seems to attract younger, family buyers (45-55 age group) many cash buyers.

See luxury sea view villa in Son Vida Mallorca (enquire for more details)

West Mallorca – Soller / Deia

With it’s stunning scenery this area remains an exclusive enclave amongst property buyers. For those looking for the quieter life there is Deia and Banyalbufar where Sir Richard Branson has acquired the Son Bunyola Estate, while Soller and Port Soller provide a little more hub-bub while retaining all the charm of a traditional market town and port. This year has seen a significant number of British buyers active in this area particularly at the top end of the market.

Town houses for sale in Soller and Fornalutx (enquire for a full list of properties)

Town house for sale in Banyalbufar (enquire for more details and further options)

North East

Always a little out on a limb but starting to attract buyers to what is a beautiful area and not as far as many sometimes think with Palma and the airport within an hours drive. Property is still well priced, especially for villas with sea views and the opening of the new Park Hyatt Resort is expected to generate more interest for the area with their international clientele.

See new build apartments for sale in Colonia San Pere 

See Luxury front line sea view villa for sale in Canyamel Mallorca

South East

This area is bouncing back strongly having suffered somewhat in the downturn. Country homes around Santanyi and other increasingly hard to find frontline homes are seeing values rise sharply and Cala Dor is also emerging from the doldrums with demand again moving strongly upwards following significant investment in the town / infrastructure


If you are interested in buying a property in Mallorca please contact David Novi, Chartered Surveyors and experienced Mallorca property market specialist for a bespoke property finding service. For client testimonials click here.
For news and views regarding the Mallorca Property Market click here

Our web site a number of properties that comprise our “online portfolio” but they are only a small selection of properties we have access to. For a full selection please contact us.

Charming Villa for Sale in Genova, Palma de Mallorca


This lovely villa has just been reduced and offers very spacious accommodation in one of the most sought after areas on the outskirts of Palma. Ideally located both for central Palma, International Schools and all the amenities of South West Mallorca, this would be  a perfect home for someone looking to relocate to Mallorca.

The agency details read as follows:

Elegant cottage in the heart of Genova for sale.

This house is charming from the outset. Looking at it from the road does not give way to its treasures and splendor. The house is in wonderful condition and finished with a taste of quality and expense.


With stone flooring and under floor heating throughout the house is warm and surprises you from one room to the next. Entering into the entrance hall you get a feeling of comfort leading you into a large living room with open plan kitchen. The house has a separate dining area, an office and a basement. On the upper floor you will find four spacious bedrooms and three bathrooms. There is a lot of light and privacy in the property and a mix of terraces offering different views to the area and some partial sea views from the master bedroom terrace.

Externally we have a spacious and flat garden with leads to a private swimming pool area adjacent to the properties fully functioning quest apartment including kitchen and bathroom.

Belonging to the property there is a spacious double garage.

Geographically the house is excellently situated. All amenities locally are within a short 5 min drive.

Private schools, Golf Courses, Beaches and Palma City Centre. 

Price is negotiable. For further photos see Genova villa for sale in Mallorca

Palma de Mallorca penthouse apartment for sale – great investment property!

Palma de Mallorca penthouse apartment

Palma de Mallorca penthouse apartment

A partner of mine has just listed what looks a very interesting investment opportunity in Palma offering good sized accommodation and large terrace, in a very convenient location a stones thrown from the marina and short walk into the centre. The agency details are as follows:

Located in the popular area of Joan Miro in Palma, offers an excellent location just on the outskirts to the city. This property offers a great investment for anyone looking for a return on rental investment. Ideal and hugely popular for letting to anyone working in boats as it just a 10 min walk to Port de Mallorca and Club de Mar.

Palma de Mallorca penthouse apartment bedroom

Palma de Mallorca penthouse apartment bedroom

The property itself contains 4 bedrooms, 2 bathrooms and has exclusive ownership to the top floor terrace including a large room which can be a fifth bedroom if needed.

The property is in good condition with a fully fitted kitchen, central heating and parquet flooring throughout. As well as this, the property has had double glazing climalit windows installed throughout.

A viewing on this property is highly recommended

Palma de Mallorca apartment for sale

Palma de Mallorca apartment for sale

Priced at 299,000€ that seems to me to offer good value!

If you would like any further information please contact us.

For more apartments for sale in Palma including the historic old town please click here – Palma de Mallorca property for sale.

For news and views regarding the Mallorca property market see Property

Palma de Mallorca penthouse apartment living room

Palma de Mallorca penthouse apartment living room

market updates Mallorca 2015 – 2016

Luxury Front Line Apartments for sale in Palma de Mallorca

Luxury front line apartments for sale in Palma City

Luxury front line apartments for sale in Palma City

Marina Plaza offers you luxury apartments with views of the sea located right on the beach of Palma, with fabulous views of the bay and the romantic little sports marina of Portixol. While located directly in front of the sea, Marina Plaza is also just five minutes from Palma’s historic district.
This luxury first line development comprises two to five-bedroom apartments with views of the sea and penthouses with sunrooms and a private swimming pool. Details are as follows:

Three-bedroom homes starting at 188 m2 and terraces measuring 20 m2. Views of the sea right on the Paseo Marítimo promenade and the beach.

Two-storey homes with two bedrooms
Fully furnished and equipped kitchen. All the rooms, except for the bathrooms have views of the sea. Two terraces

4 bedrooms Penthouse + Terrace
4 bedrooms penthouse measuring 240 m2 and a sunroom measuring 153 m2 with direct access from the apartment and private swimming pool. Views of the sea right on the Paseo Marítimo promenade and the beach. ALL SOLD!

Luxury apartments for sale with sea views in Palma de Mallorca

Luxury apartments for sale with sea views in Palma de Mallorca

Four bedrooms home
Four-bedroom homes starting at 237 m2 and terraces measuring 30 m2. Views of the sea right on the Paseo Marítimo promenade and the beach.

5 bedrooms Penthouse + Terrace
5 bedrooms penthouse measuring 326 m2 and a sunroom measuring 100 m2 with direct access from the apartment and private swimming pool. Views of the sea right on the Paseo Marítimo promenade and the beach. ALL SOLD!

All properties come with wood parquet floors, individual heating, air conditioning and designer bathrooms; 2 parking spaces in the underground garage, one with direct access by lift

Palma Sea View Apartments for sale

Palma Sea View Apartments for sale

Prices from 1,350,000€ – 1,850,000€

Contact us for more information

For additional photos see Palma de Mallorca front line sea view apartments

Mallorca Property Market Update Spring 2015

Luxury penthouse apartments for sale in Palma de Mallorca

Luxury penthouse apartments for sale in Palma de Mallorca

While official statistics still offer only modest support to a suggested “lift off” of the Mallorca property market, perhaps because a lot of the figures lag the market, anecdotal evidence from a number of leading estate agency chains suggest that Spring 2015 was not only a favourite holiday spot this Easter, with visitor figures up overall by 7.17%, representing a further 495,000 visitors over this time last year, but residential real estate sales have also posted very encouraging levels.

Palma Sea View Apartments for sale

Palma Sea View Apartments for sale

Figures for the first quarter of 2015 point to the best start to a year in over 10 years with a 20% increase in properties sold over the same period last year. A range of properties have been sold but perhaps the biggest demand has come for new developments, apartments and plots especially from international buyers.

This seems to be supported by the Spanish Government’s Ministerio de Fomento figures which highlight that the volume of residential real estate sales made to foreign purchasers, for Mallorca and the wider Balearics Islands totalled 976€ million in 2014. Compare that to the figure of 494€ million in 2009.

With the Mallorca and Balearic Island’s economy posting real growth for the first time in several years and expected growth of circa 2.4% in 2015, there is every chance that this positive trend will continue with local demand joining that which has been coming from abroad.

Portixol Palma Sea View Apartments

Portixol Palma Sea View Apartments

Good evidence of the strength of the recovery, and the fact that this is no longer just “words of encouragement”, come from the actual sales figures across a series of top new development schemes in various parts of the Island.

In the increasingly fashionable area of Palma, Portixol Harbour, the Marina Plaza 2, scheduled for completion this summer has seen sales of 13 of the 32 units with values of between 1.2€ million and 3€ million. Buyers include German, British, Swedish, Swiss and Spanish.

Further along the coast the new Elements Portals development in the Puerto Portals marina area has seen 70% of the 31 residences reserved since the launch 5 weeks ago. On top of that one penthouse apartment has apparently sold for a record price of 6.5€ million. Interestingly over 30% of the buyers, are existing investors and already own a home on the island. Buyers are in the main Germans, British and Scandinavians

Camp de Mar Sea View Apartments for sale

Camp de Mar Sea View Apartments for sale

Again moving down the coast to Camp de Mar there is the Torre de Mar beachfront development of 29 apartments with a third of the development already sold/reserved. Close to the golf course and Puerto Andratx prices range, for the remaining 2 -3 bedroom apartments, from: 725,000 Euros to 1.5M Euros.

Similarly encouraging figures have come out of other developments, in different parts of Mallorca, including:

New build Santa Ponsa apartments Mallorca

Front line sea view apartments for sale in North Mallorca

Well priced beach access apartments for sale near Porto Cristo Mallorca

New build apartments for sale in Palma de Mallorca

Luxury Port Andratx Estate for Sale – New Puerto Andratx Luxury Villa for Sale

Camp de Mar Andratx new build houses for sale

Luxury new build front line apartments for sale in Alcudia (for more information regarding this project see Front Line Luxury Apartments for Sale in Alcudia Mallorca)

If you are interested in any of these developments please contact us

Palma De Mallorca best place to live and buy property in the world! (according to the Sunday Times newspaper)

Palma De Mallorca property for sale

Palma De Mallorca property for sale

On Friday I wrote that “Palma de Mallorca has become one of Europe’s most attractive and desirable locations both to visit and live” (see Luxury Palma de Mallorca Penthouse – Atic Apartment for Sale – Santa Catalina Palma Apartment for sale) so today I must sincerely apologise to the city for undercooking the “praises”. Over the weekend the Sunday Times newspaper voted Palma de Mallorca the 2015 winner of the best city in the world to live and visit!!

In the words of the newspaper “our winner is Palma, one of the most picturesque cities in Spain. We believe it has everything” Amongst the qualities highlighted are the climate, the beauty of it’s Old Town, the quality of the restaurants and beaches. Palma is compared to Barcelona for it’s similar characteristics of attractive historic quarter, beaches, manageable size with everything walking distance and a great climate. ” A pocket handkerchief sized city that has it all!”, with the additional bonus that it is located in a very attractive and desirable Island, is the conclusion.

The Sunday Times adds that the size of Mallorca, with it’s very diverse scenery and attractions, with everything less than an hours drive from Palma, is a huge plus for visitors and buyers of property. The airport is 10 minutes from the city centre with daily cheap flights all year around such that the city has become a “dormitory” type location for many British and Europeans that commute regularly to the major capital cities of the continent.

Palma CityInterestingly the newspaper classified each of the 50 cities on their table as to whether it was best rent or buy a property and, for Palma, the conclusion was that buying a property was best, highlighting the historical centre  and traditional properties in areas such as Santa Catalina and Portixol.

The other attractions highlighted were the sea and sailing with the huge port and marina and easy access to Puerto Portals and Port Adriano a short drive away, for lovers of sailing; the wonderful Boutique Hotels; top shopping; historic areas and buildinds like La Llonja, El Paseo de Born, Mercado de Olivar and the Joan Miro Foundation; and last but not least the increasing number of top restaurants including Simply Fosh, Hotel Cort, De Tokio a Lima and the Bodega Gaudeix  .

 If you are looking to purchase a property in Mallorca we, at Novi Property Mallorca, would be delighted to help. We are Chartered Surveyors and specialist property finders so are ideally placed to help you identify the best areas to look at and to locate the most attractive properties. We are able to access properties from right across the market, from those offered by estate agents and developers to those being marketed privately or through traditional “corredores” (intermediaries that still operate in some villages and areas of the Island). We will arrange all viewings, provide all important market and valuation advice and, when the time comes, undertake all the negotiations and help coordinate the Due Diligence process with your chosen lawyers.

Important note: Our Novi Property Mallorca web site showcases well over 1,000 properties that are currently on the market in Mallorca. This is not in any way an exhaustive list of what we are able to offer, rather it is a selection to give you a flavour of what is available. Once we have identified our clients particular requirements we will undertake an exhaustive search, identifying all the best opportunities for your consideration. In most cases this all comes at no cost to you as buyers. For the latest news and views regarding the Mallorca Property Market click here