• Total sales volume of >100 M Euros for new projects in the region
• Engel & Völkers launch new Projects Division 
• From 515,000 Euros for a 2 bed apartment near the sea

The past two years represent one of the most dynamic periods for the construction of 10 new developments in Mallorca's Southwest region.  According to Hans Lenz, Managing Director, Engel & Völkers Southwest, the leading international real estate brand in the area; “There's been unprecedented demand for new off plan projects in Mallorca's southwest representing in excess of 100 million euros worth of sales volume through Engel & Völkers.  In response, we have launched a new Projects Division to offer our years of expertise to both developers and buyers ensuring that finished designs meet all investor criteria and sell under optimum conditions.

The past is making way for exciting future projects and they are all in adhering to the strict local Balearic Government legislation to build on existing sites and revitalise areas that were either run down or abandoned”, says Lenz.

NEW CONSTRUCTION VALUES 

The average square metre price in the south west region for plots with sea views is between 800 -2,000€ per/m2.  As the availability of large plots for development is extremely limited there is a premium value of anything up to 20% on new constructed properties and future value is guaranteed.

Consequently demand is high as these new projects all offer quality construction, architecture, interior design and are specifically designed to target the second home investor.

ENGEL & VÖLKERS SOUTHWEST LAUNCH NEW PROJECTS DIVISION

Launched with the objective of offering a new service to both developers and investors. For developers the new division draws on its years of expertise to provide consultancy on acquiring plots, construction, design, specific client needs, sales and marketing.  For investors Engel & Völkers has a wealth of know how to offer valuable practical advice to new investors. The entire portfolio of major and small bespoke new projects are listed:

www.engelvoelkers.com/mallorca-projects

Currently five major off plan projects are either underway or preparing to start construction:

SA PUNTASSA - Located with 15 minutes' drive from Palma and 10 minutes to Port Andratx in a new residential area, this project has been launched to offer a “five star hotel” experience within an elegant contemporary design featuring 72 units of 2/3 bedroom apartments and penthouses distributed over two communities and the majority have sea views.  Prices start from 750,000 Euros - 2.65 million Euros for a penthouse.  Construction will start in the spring of 2018. www.engelvoelkers.com/sapuntassa

AMBER VILLAGE - Located in Puerto Andratx this is the latest development to be launched in this highly desirable area and comprises 24 duplex villas, complete with quality fittings, a private roof terrace with pool, outdoor kitchen, community pool and gardens plus a private clubhouse with gym.  All the villas have views across the mountains, the sea and Puerto Andratx.   Currently, prices start at 1.1 million Euros to 1.850 million euros for a 3 bedroom/3 bathroom villa. www.engelvoelkers.com/ambervillage

CASA FERRARI - This project is a prime example of an old hotel being transformed into a cutting edge design community of apartments and penthouses beside the sea which will help change the ongoing plan to upgrade and refurbish the mature tourist area of Cala Mayor. Located within walking distance from the beach and only a few kilometres from Palma Centre, it features 38 apartments with concierge service, private and shared pools, parking, views and a fitness/spa area.  In the first six months of launch 87% of the development is reserved.  Prices for a 2 bedroom apartment now start from 515,000 Euros. Completion is scheduled for autumn 2018. www.engelvoelkers.com/casaferrari

GREEN ELEMENTS - Located in the residential area of Nova Santa Ponsa, the site is within 25 minutes' drive of Palma and close to top sports facilities, shopping and restaurants. Green Elements features 26 units with 2-4 bedroom apartments and 7 penthouses.  All the apartments on the first floor will have sea views and the penthouses will feature large terraces that could accommodate a private pool if desired.  Building is scheduled to start in the first quarter of 2018 with completion expected in 2019.  Prices start at 819,500 Euros increasing to 2,414,500 Euros for the penthouses. Within the first week of launch 67% of the units were reserved: www.engelvoelkers.com/greenelements

NEW FOLIES - This first phase comprises of 41 contemporary style villas that integrate into the Mediterranean landscape with green planting on the roofs and natural stone faced walls in the gardens. The concept is to create light spacious rooms to maximize the sea views.  Owners will also have exclusive access to the exclusive seafront Beach Club. Prices start from 1.89 million Euros for a 3 bedroom, 3 bathroom villa with garden, pool and terrace. Construction is underway and 35% of the units have been sold. Completion is scheduled for summer 2019: www.engelvoelkers.com/newfolies

CAP ADRIANO - Construction started in 2016 on the last remaining site with direct sea access overlooking the entrance of the superyacht harbour of Puerto Adriano with open sea views.  This secure, gated community features only 19 units and is regarded as the island's most exclusive off plan development to date with an average square metre price of 10.400 Euros /m2.  Only five of the seafront private villas remain for sale with a spacious open-plan layout, private parking, gym, cinema, wine-cellar, large pools and landscaped Mediterranean gardens and all with direct sea access.  Prices for the villas start at 8.9 million Euros: http://www.capadriano.com/

-ENDS-

Notes to Editors: 

Images: https://www.dropbox.com/sh/3lclmpacqe508ic/AABuFXmoY2ah0U_p2AYjV1NIa?dl=0

www.engelvoelkers.com/mallorca-projects