If you are thinking of buying a property in Mallorca , feel that now is the perfect time to do it.
After moments of crisis initiated in 2007 and known consequences, the housing prices start to rise timidly, acquisitions of investment properties continue to rise especially residential second home park floors is reduced and initiated new projects by developers.

This trend leads to end the year with significant growth, mainly considering that after years of falling prices in the first half of 2015 has appreciated a clear turnaround. This is accompanied by a sharp increase in the number of transactions, which increased 7.9% from a year ago.

The reorganization of the banking and real estate and economic recovery are allowing the new housing park is reducing.

Foreign citizens are playing a key role in the changes in the housing market, especially in tourist areas. During the first quarter of 2015, 17% of the purchases were made by residents of other countries. The success of the lead plaintiffs in Spain housing economies, such as Germany and the UK remains an important market for Spanish real estate asset, highlighting their interest in second homes in coastal areas.

The housing prices in Spain have begun a phase of upswing, thanks also to the role of SOCIMIs, investment vehicles designed to acquire and manage large volumes of assets.

Despite this, it should be noted that there is a marked contrast between the growth in home sales, showing an increase of 14.5%; and 21.5% decline in demand for new housing. In addition, it is expected that the price increase will continue to be uneven in different locations, highlighting places like Calvià (+ 4.5%), which is among the main towns climbing its price level to the state level.

This is a good time to buy, especially in already established areas like Mallorca, which enjoys a great position and where there is a large stock pending sale.
If you want to buy a property in Mallorca please contact Vogue Properties, we specialize in the real estate market Balearic, mainly in the North of Mallorca, and have a wide range of properties: Luxury apartments, villas, Charming Towhouses, Country Properties, Plots and more …