Sold: Can Puig Palace in Palma de Mallorca

Spanish Property Insight Forums Spanish Property Forums Real Estate Topics, News & Discussion​ Sold: Can Puig Palace in Palma de Mallorca

Tagged: 

This topic contains 0 replies, has 1 voice, and was last updated by  Mark Stücklin 4 years, 3 months ago.

  • Author
    Posts
  • #182874

    Mark Stücklin
    Keymaster

    Soliva (Banco Sabadell) have sold Can Puig palace in Mallorca for €5.15m, according to Spanish press reports. The buyer was a foreign investor group. With 2,506 sqm residential space, that works out at around 2,055 €/sqm. Not a bad deal. I forecast they will redevelop and put on the market for between 5,000 and 8,000 €/sqm in six months to a year’s time, maybe less.

The forum ‘Real Estate Topics, News & Discussion​’ is closed to new topics and replies.