Manacor is the second largest town on the Balearic island of Mallorca. It has developed into a sought-after property location in recent years. Anyone thinking about investing in a property in Manacor can look forward to a combination of traditional Mallorcan culture, breathtaking scenery and a constantly growing infrastructure. This makes the town very attractive for both investors and people looking for a permanent home on the island.
Real estate market in Manacor
The real estate market in Manacor is diverse and dynamic. While Mallorca as a whole has been a popular place to buy property for years, Manacor remains particularly attractive to those looking for authentic island living without sacrificing modern amenities. Prices in Manacor are relatively affordable compared to other coastal resorts such as Palma or Sóller, making it an ideal choice for buyers looking for good value for money.
In recent years, the market has remained stable, with a slight but constant increase in value. This development is mainly influenced by the growing tourism, the improved infrastructure and the increasing demand for holiday properties.
Why invest in Manacor?
Manacor has established itself as a diverse and attractive location. The town is only around 40 minutes from Palma and offers good connections to the rest of the island. In addition to its location, Manacor is characterised by many other features. Manacor is known for its pearl production and its furniture industry. The town has a rich historical heritage, which is reflected in its traditional buildings and monuments. In addition, the town's proximity to some of Mallorca's most beautiful beaches, such as Cala Romantica and Cala Murada, makes Manacor the perfect place for nature lovers. Manacor offers a balanced mix of city life and rural tranquillity. There is a variety of restaurants, shops and leisure facilities.
Price trends in Manacor
Property prices in Manacor vary depending on the location, size and condition of the property. More traditional fincas and houses in rural areas can be priced lower than modern new builds in the town centre or on the coastal areas. Currently, the average price for properties in Manacor is around 2,500 to 3,500 euros per square metre, although luxury properties can be significantly more expensive. These prices have risen continuously over the last five years, which also makes Manacor an interesting market for investors.
Types of property in Manacor
Anyone looking for a property in Manacor will find a wide range of offers. The property landscape offers a variety of options that fulfil both traditional and contemporary requirements.
Fincas or traditional country houses with large plots of land, which have often been renovated and modernised, are particularly popular on the outskirts of Manacor. These rural properties not only offer plenty of privacy and space for agricultural activities, but also a touch of rustic luxury. Typical fincas have spacious living areas, stone walls, wooden beamed ceilings and extensive terraces with views of the island's picturesque landscape. Modern amenities such as swimming pools, air conditioning and underfloor heating are often standard today, combining rural charm with comfort and luxury. Fincas are the perfect choice for lovers of nature and tranquillity who are looking for a life away from the hustle and bustle of the city.
The old town of Manacor is home to charming townhouses that will make the heart of any lover of traditional Mallorcan architecture beat faster. These properties are characterised by their narrow streets, stone façades and historic details such as wrought-iron balconies or patios. Many of these houses have been carefully restored to preserve their authentic character while adding modern interior features. They often offer multiple storeys, courtyards or roof terraces, providing plenty of living space on a compact plot. Townhouses are ideal for those who want to enjoy the vibrant atmosphere of city life combined with historic flair without having to sacrifice modern amenities.
In the newer neighbourhoods of Manacor and in the surrounding villages, more and more modern villas and apartaments are being built that impress with their clean lines and innovative architecture. These new buildings are often equipped with large panoramic windows that let in plenty of natural light and offer sweeping views of the countryside or the sea. Sustainable construction methods and energy-efficient technologies are playing an increasingly important role here. They offer spacious living and outdoor areas, often with private pools, gardens and roof terraces that emphasise the modern lifestyle. These new builds are an attractive option, particularly for families or younger buyers who value contemporary design, open-plan layouts and ultra-modern fixtures and fittings.
For buyers looking for a property for occasional use or as an investment for holiday rentals, holiday flats in Manacor are an excellent option. These apartaments are often located in well-developed holiday complexes or close to the popular beaches of Cala Romantica or Porto Cristo. They often offer access to communal facilities such as pools, gardens and leisure areas and are ideal for renting out as holiday accommodation when not in use.
Financing options
There are various financing options available for the purchase of property in Manacor. Foreign buyers can usually take out mortgages from Spanish banks, although the conditions vary depending on the bank and personal creditworthiness. As a rule, Spanish banks will finance up to 70% of the purchase price for non-residents. It can be worth comparing different banks to find the best conditions.
Taxes and fees when you buy a property
Various taxes and fees apply when buying property in Manacor. These include:
- Property transfer tax (Impuesto de Transmisiones Patrimoniales, ITP): This tax is between 8% and 11% depending on the value of the property.
- Notary fees: These vary depending on the purchase price, but are generally between 1,000 and 2,000 euros.
- Registration fees for the land register: Around 1% of the purchase price.
It is important to take these costs into account when planning the purchase, as they can account for a significant proportion of the total budget.
Real estate agent in Manacor
An experienced estate agent can make the buying process much easier. It is advisable to choose an agent who has good local knowledge and experience with international buyers. One of the best contacts for buying property in Manacor are our experts at KENSINGTON Artá. With our international network and many years of expertise in the region, we offer you tailor-made advice and support in your search for the right property. We accompany buyers from the first viewing to the final signing of the contract. With our in-depth knowledge of the market in Manacor, we can guarantee you a smooth and professional process. Would you like to find out more? Then please contact us by e-mail or visit us directly in our showroom. We look forward to seeing you!
FAQs about buying property in Manacor
What types of property are particularly popular in Manacor?
Fincas and villas are particularly popular in Manacor, but modern new-build properties in central locations also attract many buyers.
What are the additional costs when you buy a property?
In addition to the purchase price, you should expect to pay around 10-15% of the purchase price for taxes and fees.
Can I buy a property in Manacor as a foreigner?
Yes, there are no restrictions for foreign buyers.
How do I finance a property in Spain?
Many banks offer mortgages for foreign buyers, often with financing of up to 70% of the purchase price.
How high are property prices in Manacor?
The average price per square metre is between 2,500 and 3,500 euros, but can vary depending on the location and type of property.