Prime Mallorca property prices outperforming central London!
According to a research on favourite property investment locations, Mallorca’s popularity is soaring high in the luxury property segment.
The big-spending overseas buyers are snapping up the mega villas or country estates. Check out here the details of the “palace” shown in the photo above to understand what is so special about Mallorca’s hottest properties, apart from the best sea views in the Med.: http://www.balearic-properties.com/en/property/id/510314-luxury-villa-with-helipad.
Having recently been voted the second best place to reside in the world and thus stimulating the attention of investors, Mallorca’s real estate market has long risen out of the Spanish slump and 2014 is already a very buoyant year for business.
For pure lifestyle, the word is long out that the glittering island offers it all within the easy reach of a 2 – 2 1/2 hour flight. With 300 days of sunshine every year, 23 golf courses, 25 marinas, as well as some of the most stunning scenery in Europe, plenty of overseas buyers consider Mallorca a sound investment.
Antonio Fuster, CEO of Balearic Properties is understandably delighted with all the positive news regarding Mallorca’s property market and concludes: “Following one of the wettest winters on record spring has arrived and the focus of the second home market steers towards sun retreats and the Mediterranean, specifically Mallorca.
“The UK is recovering economically; appealing interest rates both at home and overseas, a strong pound against the Euro / Dollar are providing ideal conditions now for investors looking to purchase a property on Mallorca. The appeal of Mallorca has certainly strengthened among British buyers looking to own a second home or live permanently on the island.”
In Mallorca over the last 12 months, prices have increased by 15.8%, outperforming the prime central London boroughs of Kensington, Chelsea and Westminster a report states.
Prices of luxury properties are likely to be driven even higher by foreign buyers this year. The wide ranging impacts of the global economic recession on Spain’s economy and housing market have been almost entirely constrained to the mainland, Mallorca’s and the Balearic Islands’ property scenes were always a world apart from the rest of the country.
Such is Mallorca’s popularity and the demand for top-of-the-range properties, that in prime areas, the window of opportunity may shut sooner than people think. Vendors are still open to offers, and it’s far easier to negotiate with them just before prices start rising, than just after. For the first time in 18 months, agents actively have to look for specific properties, so the supply priced to sell is getting tighter again.
Balearic Properties are rightly proud of their extensive property listings and welcome the news that high segment properties are changing ownership. Accommodating the requirements of discerning clients can seem a daunting undertaking; however with properties like the following all over the island on offer at Balearic Properties the experts at the company stay cool:
Unique Frontline Villa
Imposing City Palace in Palma de Mallorca
Stunning Villa in exclusive Son Vida, Palma de Mallorca