2014 has so far been a fantastic year for property sales. Positive messages that delight the whole of Mallorca and once again confirm that the island is the best location for a property purchase are hitting the news on a daily basis! Apartment sales in Puerto Pollensa like the ones displayed in the photo above have taken a surge this springtime.
Financial professionals do their research very thoroughly before deciding to invest in a location. Investments on Mallorca have increased by nearly 200% meaning that investors are clearly backing Mallorca property again: foreign companies invested 785.54 million Euros in 2013 in the Balearic Islands - the largest slice on Mallorca.Therefore according to the statistics office INE, non-Spanish property investment increased to a record high by 196 percent compared to the previous year. In the whole of Spain, an increase of 8.8% was recorded. The Balearic Government and the local business community are absolutely delighted. This trend continues to grow.
Researchers in charge of Economic and Statistics at INE, said the record rise in foreign property investment is also due to the successful policies of the current government, whose main focus is deficit reduction.
Now, the Spanish government is in the process of a major overhaul of the tax laws in order to reignite consumer activity and generate business opportunities, measures which will certainly have a major impact upon the regional economy and the real estate market. This news will boost buyer confidence to further heights.
The property market on Mallorca and the Balearic Islands simply cannot be compared to that of mainland Spain. Thankfully on the island no one has gone quite that berserk building huge and hideous apartment blocks where no-one wants to buy – on the mainland there was no stopping them at one time! These ghost towns now bear witness to the dire financial situation in some areas on the mainland. On Mallorca we just do not have such unsellable real estate, properties for sale on Mallorca are in a different class altogether.
Our company sees all this fantastic and positive news quite rightly as a confirmation for Mallorca’s business community, that the confident and solid course taken to defy the global, economic difficulties has been proven correct.
Foreign investors are sending out a clear message that investing capital in Mallorca real estate is a secure option.
Modern, uncomplicated holiday villa for sale Alcúdia
After seeing a 20-30 per cent dip since the worst of the recession, Mallorca’s property prices rose by nearly five per cent 2013, according to research and lifestyle reports. One in four residential sales in Spain in 2013 took place in the Balearics, with 2014 already looking to overtake the 2013 sensation!
In spite of being one of the European countries hit hardest by the global crisis, rich global investors regard the Balearic Islands as a perceived safe investment location and these buyers know very well why they are investing heavily in the islands real estate market.
Demand in Mallorca is no longer reliant on buyers from Britain or Germany, as it has been previously. There are now wealthy buyers from the rest of Europe, Russia, US and other parts of the world seeking a lifestyle investment in real estate and they have identified Mallorca as a key target location.
Pop into one of our offices, or just initiate contact with our company here on our website. We have the best and most complete selection of Mallorca properties currently on the market. The good news is that as one of Mallorca's most experienced and respected estate agents, we accompany you all the way in order to make the purchase of your Mallorca house stress free.
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The real estate experts at Balearic properties share their knowledge and experience of the real estate market in Mallorca As international property consultants.