Trends of Property Sales in Mallorca
Last year Germans bought more than 1300 Properties in Mallorca
The property market has recovered brilliantly, real estate agents listed new record figures for the past year and the running year is already topping highest expectations.
The Germans remain the keenest property buyers in Mallorca. During last year, the "Alemanes" purchased a grand total of 1334 Mallorca villas or fincas according to the Institute of Statistics for the Spanish Notaries. This puts them far ahead of the English who “only” purchased 694 Mallorca properties. It would appear that our fellow German Europeans are shrewdly monitoring the Mallorca property scene, being well informed is the best start to a successful business completion!
General knowledge is that 2013, the Mallorca properties for sale were snapped up like “hot cakes” in comparison to the previous years – the sales increase was in fact sensational.
Other nationalities are jumping onto the property band-wagon!
With an overall total of 3744, this is a 3.1% increase in property sales in Mallorca! Among the nations enthusiastically buying their Mallorca villa or apartment, the Swedes made the biggest leap forward; they have increased their activities by buying 230 properties, an increase of 36% to 2012. A popular property purchase for the nature loving Swedes is a typical Mallorcan country villa – or finca as they are generally called.
According to news from Mallorca’s neighbouring island, Ibiza, the Dutch are coming in their droves – the “party island” has produced increased numbers to prove this. The past 2 years have recorded a sensational 54% rise in Dutch arrivals which will also have a serious knock-on effect upon property sales figures! Believe it or not, reasons that Ibiza is experiencing such a major Dutch “invasion” are that many popular footballers spend their holidays there regularly, have got married on Ibiza or have purchased an Ibiza property! Amazing just how trends are set!
Spain is in second position as the European country for real estate investment
According to a KPMG report http://www.kpmg.com based on the opinions of around fifty investment fund heads who invest in the European market; Spain is the second country with the best property investment opportunities for these funds. 71% of the respondents viewed Germany as the principal destination most interesting for investment, followed by Spain (45%), the United Kingdom (42%) and France (29%), with offices and shopping centres being properties also high in demand.
In the opinion of the investors surveyed, Spain thus joins the group of the most important countries in Europe.
Reasons for this development are: the greater economic stability, the improved access to financing, and the capital market development, thus creating optimal conditions for investors to regain confidence in the Mallorca real estate sector and to make decisions to ensure returns.
For investors, now is the time to buy a Mallorca property
Many property investors see this as the ideal time to buy a Mallorca villa or estate for sale, in order to diversify their portfolios with real estate assets and at the same time reduce their exposure to traditional portfolios which include only stocks and bonds.
Therefore we can draw the following conclusions:
- investors are optimistic about increasing their exposure to real estate assets and 81% showed interest in doing so.
- investors are now more willing to take full advantage of undervalued or distressed assets, as confidence in the global economy is restored.
Our company is more than delighted to welcome you in one of our offices for an informative talk regarding your personal property requirements. If the “big boys” are investing heavily in Mallorca real estate then this is a guarantee that your money is safe, if you buy a beautiful villa or a trendy apartment in Mallorca!