Mallorca (also spelled Majorca) is the largest island of Spain's Balearic Islands, located in the Mediterranean Sea.
It lies off the eastern coast of Spain, near Barcelona and Valencia, and is part of the autonomous community of the Balearic Islands, which also includes Ibiza, Menorca, and Formentera. Palma de Mallorca is the capital city and a cultural, commercial, and lifestyle hub.
Mallorca has long been one of Europe's premier destinations for both lifestyle buyers and serious investors.
There are many places to find distressed or foreclosed properties in Mallorca, for examples you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses and you may find cheap distressed Mallorca property for sale with broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
FEATURED Spain LISTING
Location : Orihuela, Alicante
Property Type: VillaProperty Terms: For SaleLocal Currency Price: Price in USD: $310,000
Mallorca generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Mallorca is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Spain
