Magaluf is a resort town on the Spanish island of Majorca. It’s known for its lively nightlife and long, sandy beach. Bars and cafes sweep the beaches and bays, offering a variety of restaurants, beach bars and local cafes.
Due to the movement and investment in the area, apartments for sale in Magaluf offer a good investment for the future. The South West Coast is a sought-after area to own property in Mallorca, especially when these are front line and offer sea views. Due to the way Magaluf is orientated it offers apartment buildings on the front line to the sea offering the potential for a wealth of luxury apartments for sale in Magaluf.
As prices have increased consistently over the years and when tracking property sales in the area, Magaluf promises interesting potential to become a sought-after area to invest. Properties, especially luxury apartments promise to provide a good return on investment due to the demand of rentals in the area.
The average price of the luxury apartments for sale in Magaluf can vary from 695,000€ to 1.000.000€.
It is not so easy to buy real estate in Magaluf of any kind because the resort itself is so popular that almost all houses and apartments have current owners know that the prices are increasing yearly and are choosing when to sell carefully.
It is important to know the area of Magaluf itself, both its pros and cons before committing to buying a property here. It is an area popular amongst young people for holidays, is offers a nightlife street full of bars and nightclubs.
For more guidance on this investment opportunity and apartments for Sale in Magaluf, the Sandberg Estates team are here to help.