Since 2013, Swedish real estate investment in Palma has grown by more than one hundred percent, diversifying beyond Santa Catalina and Casc Antic, areas that have so far attracted the attention of this market to own a home on the island.

Real estate developers agree that Santa Catalina and Casc Antic have been saturated by the pressure for five years Swedish real estate agencies based in Mallorca, which make all kinds of offers to owners of apartments to include them in their business portfolio and then market them in Sweden.

Thus, in the last year, sale and purchase operations have been closed in La Soledad, Son Espanyolet and Pere Garau. Being aware that the neighborhood of Nou Llevant will become over the years in the luxury urban growth area of Palma, both in terms of residential uses, services and tourism and that market prices are very different from those prevailing in Sant Catalina, Casc Antic and coastal enclaves of the municipality of Calvià, La Soledad is one of the points where Swedes are beginning to buy houses.

The same is true of the Son Espanyolet neighbourhood and even Plaça Pere Garau, which gives an idea of the interest in having a home in Palma, which highlights the fact that Mallorca is more fashionable than ever in Sweden.

The increase in air connectivity from Scandinavia to Mallorca, with direct flights from the main Nordic cities to Palma, mainly from Stockholm, in summer and winter, the reports in the main Swedish media, which highlight the improvements in the city of Palma at the urban, hotel, commercial, catering and complementary offer, foresee a new landing of Swedish investors in the short term.

Another factor that influences positively are the very competitive prices that prevail in the real estate market of Palma, very far from those that there are currently in Sweden. The Swedish currency, the krona, has a good parity with the euro and the quotation continues to rise due to the ups and downs affecting the Community currency.

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