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Repossessed property for sale in Mallorca

Owning a villa or an apartment in Spain can represent a great opportunity for your real estate investment in Majorca, but a villa or a house can offer even more because they may be purchased with a low down payment and flexible bank mortgage terms with low interest rates as 1,2%. Some of the Spanish banks like Bankia, Santander or Caixabank have a list of* repossessed properties* for sale however we encourage you to look at our best opportunities from property owners who are very keen to sell at the moment. Search below for one of the best options to buy in Majorca right now:

Ask for our Bank repossessions and bargain properties we have for sale! These are our current best priced properties for sale this week. Please feel free to contact our selling experts for more informations and price reductions. Also don’t forget to join our mailing list with the latest discounts and distressed property listings! But the types of properties to buy in Mallorca today are various. the most popular are country homes with private pools but also villas with sea views are demanded, top areas like Andratx or Pollensa are the most expensive to buy , but Spanish banks can lend you up to 70% of the purchase price.

Bank repossessions property in Palma de Mallorca

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What is the average price of a property in Mallorca?

Property Size Avg. Price Type of property

1 Bedroom €128,800 Apartment
2 Bedrooms € 165,000 Apartment
3 Bedrooms € 450.000 Villa with pool
3 Bedrooms € 805,000 Country House

Do i need a Lawyer in Mallorca to buy a property?

Once you have decided to buy a home in Mallorca it is very recomendable to find a reputable lawyer to help you in the buying process like obtaining the Spanish NIE number. is considered the best directory of english speaking solicitors in Spain and they can sign all the relevant contracts and documents related to the purchase of your property on your behalf.

Which are the most popular areas to buy a property in Mallorca?
One of the popular destinations is the city of Palma, however very popular areas like Pollensa, or Andratx, Soller and Deià have become a main target for real estate investors. Palma de Mallorca, is the largest city of the Balearic Islands and has a population of 455.432 in 2020. The 2007 Statute of Autonomy declared the Balearic Islands as one nationality of Spain. Palma is the most visited city in the world thanks to its number of tourist attractions. Visitors are welcome to explore its palaces, museums, markets, and shops. The city also boasts one of the most vibrant nightlife scenes as well as having the best restaurants of Spain. Some of the more popular landmarks are the Plaza Major, the famous shopping street Jaime III, and the Paseo Maritimo.
Can I buy property in the West coast of Mallorca ?
The West Coast offers an opportunity for visitors to indulge in Majorca's Tramuntana mountains it has a large number of charming villages such as the Deià, Sóller and Fornalutx. For visitors who want to be near Mallorca's famous beaches, the popular seaside resort cities are Port Andratx, Santa Ponsa or Camp de MAr. The North of the Island enjoys white sandy beaches, and clear waters like the ones of Cala San Vicente and Formentor.

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