Hamburg, 20 June 2023. A house by the sea – for many a lifelong dream. Waterfront properties are among the most popular locations of all, coveted by buyers and investors alike. “A great many people head to the coast for their vacation. However, post-pandemic buyers are not only looking for holiday homes, they also now intend to live and work remotely for prolonged periods and enjoy the special Mediterranean lifestyle," says Florian Hofer, Managing Director of Engel & Völkers Balearic Islands. He continues: “The demand for waterfront homes outstrips supply in many holiday hotspots which is driving up prices. There are only a limited number of these exclusive properties which are regarded as a secure and stable asset with long-term ROI potential.”
Those looking to fulfil their dream of a waterfront property will find what they are looking for especially on the Balearic Islands. This real estate market has proven stable over many years and is marked by a superb standard of living. It can also count on a constant influx of international buyers and tourists. Just in time for the start of the holiday season, Engel & Völkers presents an exclusive selection of the finest waterfront properties.
Internationally, the Balearic Island of Mallorca is considered one of the most popular islands in the Mediterranean. Real estate located close to the sea top the desirability rankings and are considered the prime locations along the island’s 554 kilometres coastline. The high demand is met with limited supply, which in turn means prices for this calibre of property are high. For example, the average sale price in the southwest of Mallorca in Puerto Andratx was approx. 5 million euros in 2022, compared to 4.5 million euros in the previous year. On the west coast, in the regions around Deià and Puerto Sóller, the average asking price rose from 3.5 million euros in 2021 to 4 million euros in 2022. Approximately 20 minutes drive from Palma in areas such as Son Verí Nou and Cala Blava, the average asking price was 3 million euros in 2022, up from 2.5 million euros in 2021. An hour’s drive from the capital, on the northeast coast in Colonia Sant Pere and Canyamel, the average asking price in 2022 was 2.1 million euros, up from 1.9 million euros in 2021.
With its Mediterranean flair, mild climate and breath-taking scenery, Ibiza is also one of the most exclusive regions in Spain. The island boasts some 210 kilometres of coastline, dotted with picturesque bays and counting more than 50 beaches in total. Here, too, demand for real estate directly overlooking the sea or even with direct access to the sea is especially high, as detailed in the current Engel & Völkers Ibiza Market Report published in partnership with the Center for Real Estate Studies (CRES). According to an independent study by CRES, the average price for a villa spanning approx. 300 square metres at a prime address in Ibiza Town was approx. 3 million euros in 2022. In the south and southwest of the island around hotspots like Playa d’en Bossa and Cala Jondal, exclusive homes directly by the coast commanded prices of approx. 3.2 million euros in the same period. In the west, near the picturesque bay of Cala Vadella, the average price for premium villas was approx. 2.7 million euros, while the east of the island saw average prices of approx. 3 million euros.
The neighbouring island of Menorca is well-known for its stunning natural beauty with a 216 kilometres of coastline and rocky bays with turquoise waters. It has a reputation as a Mediterranean paradise for holiday property buyers from all over Europe. Properties located directly on the beachfront here or close to the sea are also extremely sought-after. In these prime locations, such as around Cala Morell in Ciutadella, the average asking price for villas in 2022 was approx. 2.5 million euros, which was consistent with 2021. The exceptionally high demand for coastal and harbour locations in the Mahón region in 2022 saw average prices for villas rise from 1.5 million euros in 2021 to 1.75 million euros.
This ultra-modern and light-flooded villa is set on a 2,000-square-metre plot in Port Andratx in the southwest of Mallorca, just 20 minutes by car from the island’s capital Palma. Built in 2009, it impresses with its sense of spaciousness and first-class contemporary finishes, as well as offering the utmost peace and privacy. The four levels of the property span some 600 square metres in total, featuring six bedrooms each with their own private terrace and pool access, five bathrooms, a fully fitted designer kitchen and a spacious living, dining and fireplace area. There is also a separate, self-contained apartment for guests or staff. A double garage, a charming garden with a swimming pool and direct access to the sea complete this offer, along with magnificent sea views. The villa is on the market through Engel & Völkers for 16 million euros.
(Image source: Engel & Völkers Mallorca Southwest - Andratx)
In the tranquil town of Son Veri Nou in the south of Mallorca, this modern luxury villa is on the market for 8.9 million euros. Five bedrooms, five bathrooms and an open living and dining area with a modern kitchen and large window fronts are spread over a living area of 700 square metres. All rooms have their own balcony facing the sea. The property has a fabulous outdoor area with a large terrace and a salt water pool, ideal for swimming, sunbathing and relaxing. Further features include underfloor heating and integrated air conditioning, high-quality stone and wooden floors, an elevator as well as a large garage with space for up to six cars. In addition, this property has a holiday rental licence.
(Image source: Engel & Völkers Mallorca South - Llucmajor)
This unique property in Ibiza is currently on the market for 11.4 million euros. It has a holiday rental licence and is located in Cap Martinet, very close to Ibiza Town and the Marina Botafoch. It enjoys an exclusive elevated position on a hillside plot that guarantees ample peace and privacy. The living interiors span 578 square metres in total, with six bedrooms, six bathrooms, a spacious open plan living room with a dining area and a chill-out zone with fireplace. The outdoor space also boasts an infinity pool and several terraces with panoramic views of the sea and the island of Formentera. (Image source: Engel & Völkers Ibiza)
Engel & Völkers is brokering this exclusive Italian-style penthouse on the beachfront promenade in Playa d’en Bossa in Ibiza for 4.5 million euros. The furnished apartment spans 280 square metres and comprises six bedrooms, five bathrooms, a contemporary designer kitchen and an open plan living and dining area. Steps lead up from the front terrace to the magnificent roof terrace. An outdoor kitchen, several chill-out areas overlooking the surrounding mountains and sea, and a private heated swimming pool make the outdoor grounds here a unique haven in which to relax. The complex’s 24-hour concierge and security service, gym and large communal pool with private beach and direct access to the sea round off this listing. (Image source: Engel & Völkers Ibiza)
This exclusive contemporary villa, consisting of a main building and an annexe, is located in Cala’n Porter on the south coast of the island of Menorca. It boasts spectacular views of the surrounding countryside, taking in the Mediterranean Sea. It affords a total living area of 387 square metres, with a spacious living and dining room with large windows, a fully fitted kitchen, a bedroom and a bathroom on the ground floor. The upper level awaits with four more bedrooms and four bathrooms. The annexe above the garage features a separate entrance and consists of a bedroom and en suite bathroom. The expansive terraces overlooking the sea and the unique location make this the consummate place to enjoy unforgettable moments with friends and family. Engel & Völkers is listing this property for an asking price of 3 million euros. (Image source: Engel & Völkers Mahón)
This elegant Mediterranean-style villa is located on the south coast of Menorca in Binibeca Vell on the seafront, which Engel & Völkers is marketing for 2.2 million euros. A light-flooded living room with a wood-burning stove, a fully equipped kitchen, four bedrooms and four bathrooms are spread over a total surface of 356 square metres. The property offers high quality amenities such as air conditioning, a swimming pool and a large covered terrace with spectacular views of the Mediterranean Sea.
(Image source: Engel & Völkers Mahón)
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