Med Capital and Meridia have jointly acquired a residential parcel in Palma de Mallorca to develop luxury housing, capitalizing on the growing demand in the area.

Target Information

Med Capital and Meridia have jointly acquired a residential parcel located in the Nou Llevant sector of Palma de Mallorca. This strategic acquisition aims to develop luxury housing, catering to the growing demand for high-end residential properties in this picturesque region.

Industry Overview in Spain

The real estate market in Spain has shown significant recovery and development potential, particularly in regions like Palma de Mallorca. The demand for luxury housing has been steadily increasing, driven by both local buyers and an influx of international investors seeking premium property options in desirable locations.

Palma de Mallorca, as a key tourist destination, offers a unique blend of Mediterranean lifestyle and modern amenities, making it an attractive market for luxury residential