Puerto Andratx is one of the areas demanding the highest prices for luxury properties. | Humphrey Carter
The luxury real-estate market didn't really falter during the economic crisis, certainly not like the lower ends of the market did, and with improved economic circumstances it's doing better than ever. Demand, principally from overseas, is leading to price rises of up to 50% in some parts of Majorca, such as Andratx and Calvia. The real-estate agency Engel & Völkers was involved in transactions worth just under 220 million euros in the first half of the year. This was almost 80% higher than last year and was the highest increase in the country: the national average growth has been 45%.