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The Balearic Islands are the 5th region with more foreign housing investment

The Balearic Islands is one of the regions selling more properties to foreign investors this second trimester, continuing a 12-month positive trend.

With 536 properties sold to foreigners, the Balearic Islands is the fifth Spanish region with more housing sector operations, only surpassed by Alicante (2.645 sells), Malaga (1.127), Barcelona (847) and Tenerife (655).

In 2011, 35.000 properties were sold to foreigners, according to the Ministry of Public Works, and the Balearic Islands was then the first selling Spanish community: 30, 7% of the total Spanish sold houses. The Canary Islands (26, 6%) and the Valencian Community (22,2%) had similar marks.

Because of its warm weather, the quality of its properties, and the guarantee of a luxurious market with unspoiled housed, buying villas in the Balearic Islands is a secure investment for foreigners.

In fact, data show that most properties are being purchased in order to resell them back in the future, rather than for personal use, buying properties in Mallorca or even whole residential complexes.

Currently, Germans and British buyers are still the market leaders, and lately, the Russian market and Arabic investments have increased, especially in Andalucía.

By Iris Gruenewald

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