Recent published data say that two of ten foreign tourists who have visited Spain during July and August, are planning to purchase a second residence in the main places of the Spanish coast, especially in Mallorca.
This study reveals that, by nationalities, German tourists are the most interested in investing in the island. These data show the record of tourist visits that have received the country during 2016, 6% more than the last year’s data. Real estate sales has grown 30% this summer, according to Iberia Real Estate and will continue growing for the rest of the year.
The profile is middle-aged couples with children whose want to settle in Mallorca to spend their holidays and have found excellent investment opportunities including bank repossession properties that become a great opportunity by their low prices and favuorable conditions.
The effect of terrorism in the Mediterranean is the main argument of these future owners. They understand that the situation has changed and that during next years will be a risk to travel to places like Tunisia, Southern France, Turkey, Egypt and other Arab countries where, until this year, was address all the European tourism.
In the same way, real estate market is becoming in the safe haven to people with high economic potential from all the world. These patrimonies, that are above 30 million euros without have in account their habitual housing, prefer to invest in residential, offices and hotels in the fluctuations of the stock market and low returns on bonds and commodities. Mallorca is in the top five of the Spanish destinations preferred to live by billionaires. Not in vain, Spain has become this year the third most attractive European country to invest in the real estate market, just behind Germany and the United Kingdom.
Balearic Properties is the largest Real Estate Property Network based on the Balearic Islands, with over 15 years of experience in the Mallorca real estate market. The company offers you the latest properties for sale including frontline villas, beautiful apartments, luxury country homes and investment properties.
This week’s properties include contemporary property listings in Mallorca’s best addresses including Puerto Andratx property sales and rentals. People looking to buy a property in Mallorca have now a better chance to find deals at the right price, this means that luxury villas with private swimming pools and sea views in Port Andratx, Puerto Pollensa or Palma have been reduced considerably so the best time is really now when the property prices are low. We have more than 15 years of experience in the property market in Mallorca, we cover the whole island and look forward to helping you find your perfect villa or apartment for sale in the Balearic Islands.