For those of you who are still uncertain where the Balearic Islands are, we will provide you with a short introduction : Our marvellous islands are situated in Spain around the western side of the Mediterranean Sea near the Iberian Peninsula’s eastern coast. These islands are considered Spain’s archipelago. The largest of the Balearic Islands include Mallorca, Menorca, Ibiza and Formentera.
This is a wonderful and quite popular holiday destination for tourists around the world. But along with the tourist attraction Balearic Islands have also experienced a rise in property and real estate too. It has been observed over past back that real estate market of Balearic Islands has been faring quite better than the rest of beautiful Spain, not only on yearly basis but on quarterly basis too.
There are many factors that have contributed in the immensely high raise in the real estate market.
First reason is the increasing popularity of Balearic Islands as holiday destination among people around the world. This factor has resulted in people entering into the Balearic Island’s real estate to enjoy benefits from the tourist attraction.
Secondly there are numerous nationalities that are eagerly participating in the real estate market of Ibiza and Mallorca. These nationalities are coming for professional as well personal purposes. From professional point of view, buying properties in Mallorca, Ibiza or Menorca are a good investment entity on long term basis due to its demand in foreign tourism. On personal front, people with good capital who seek to look for a place for relaxation & enjoyment are turning towards Balearic Islands. If you are having enough capital and looking for one such elegant place which can be both beneficial in terms of investment as well as ardent way of enjoying life during free time then investing in the real estate of Balearic Islands is the best option to look for.
You can opt from numerous options depending on your budget and your area of preferences. Balearic Islands have world’ most majestic villas that can make you feel like a king. If villa is out of budget then you can opt for simple apartments too. Balearic Islands have everything from majestic royal villas to simple apartments that won’t cut your pockets. There are numerous real estate associates who can help you in satisfying your requirements ardently. This is the right time to invest in the real estate properties as with the time this area will experience great development. Further this is the area of Balearic Islands that experts say will always raise and there are hardly any chances of future downfall.
Even it was observed that the Balearic Island’s real estate market did not get much affected with the downfall in the real estate market of Spain which was an indifferent event in itself. In that time of severe downfall in property, the real estate market in Mallorca & Ibiza stood firm as an exception. The delightful enchanting climate, a unique blend of modernization & ancient beauty along with beautiful attractive places of Palma de Mallorca, Pollensa or Port Andratx make it a paradise for people around the globe. These factors have jointly led to the firing growth in the real estate market of Balearic Islands.
Balearic Properties – Nationality of Purchasers 2013
• British 60.71 %
• German 24.32 %
• Swedish 6.41 %
• Swiss 4.28 %
• Danish 2.60 %
• Spanish, French, Norwegian, Australian, South Africa 1.68 %
Nationality of Property Owners
• British 36.59 %
• German 18.30 %
• Spanish 35.38 %
• Swedish 2.45 %
• French, Swiss, American, Italian, Russian, Norwegian 7.28 %