In the last past months Mallorca Properties reported an increase in sales and the average selling price compared to the first months of 2011 with more sales of residential properties than new build properties.
In areas like Andratx, Santa Ponsa and Camp de Mar, the number of real estate transactions have experimented 24% more than at the beginning of the year, where mostly detached villas and apartments in top locations have been sold.
With the current mortgage rates keeping low, and the good rental income potential have kept investors confident in purchasing a property in Mallorca. In fact, people seeking for discount properties in Mallorca are much more confident than they were last year, because the market offers a lot more interesting than never before said Balearic Properties CEO , Antonio Fuster.
The average selling price was € 600.000 for second home residences and € 320.000 for newly built properties.
About Balearic Properties Mallorca
Balearic Properties is Mallorca’s largest real estate network operating since 1998 and covering all areas on the island. Balearic Properties continues expanding its offices network over the island, opening a new real estate shop in Puerto Portals in October 2011.
Balearic Properties Real Estate is one of Mallorca’s most innovative companies offering a personal service in order to help buyers and sellers a positive and financially rewarding experience.
