The Rise of Occupied Property Sales
In recent months, a curious and somewhat alarming trend has emerged on Mallorca's real estate market. More and more properties that are illegally occupied are being listed for sale. What’s shocking is not just their existence but the price tags attached to them—often exceeding what similar, freely available properties are going for.
Take, for example, a chalet in Sa Torre. This property, currently occupied without legal permission, has been listed for a staggering 836,000 euros. And here’s the kicker: potential buyers aren’t allowed to inspect it beforehand. They’re expected to shoulder all risks and costs related to eviction and other legal procedures. A gamble? More like a high-stakes game.
Small Apartments in Palma Join the Trend
This phenomenon isn’t restricted to luxurious chalets either. Even smaller apartments in Palma have popped up under similar conditions. Some experts fear this marks the birth of a speculative parallel market—a shadowy realm where properties come with baggage no one wants but someone is still willing to pay for.
What Does It All Mean?
The growth of this market raises serious concerns about housing ethics and legal loopholes on the island. While it’s hard to ignore the audacious pricing strategies, it also paints a dire picture of desperation or greed—depending on your perspective. The real question is whether authorities will step in or if this speculative bubble will continue to inflate unchecked.
For now, buyers interested in these offers should tread carefully and weigh their options (and risks) thoroughly.