{"id":2787,"date":"2016-02-26T10:04:21","date_gmt":"2016-02-26T10:04:21","guid":{"rendered":"http:\/\/www.vogueproperties.com\/?p=2787"},"modified":"2016-02-26T10:04:21","modified_gmt":"2016-02-26T10:04:21","slug":"map-of-the-property-market-in-mallorca","status":"publish","type":"post","link":"https:\/\/www.vogueproperties.com\/blog\/map-of-the-property-market-in-mallorca\/","title":{"rendered":"Map of the property market in Mallorca"},"content":{"rendered":"

\"mallorca-property-market\"<\/a><\/p>\n

Since starting 2016, we said that 2015 ended better than the previous one in all real estate parameters, leading to affirm that the housing market is in a moment of clear recovery. To this point, what do we can expect from now on?<\/h2>\n

According to the publication of data from property registrars<\/strong> and notaries<\/strong> share purchase, registration of mortgages and price fluctuations, the trend is heading for a clear increase in the number of transactions, rising prices and mortgage whose amount increases slightly while moderates the average contracting time. The purchases closed 2015 with an overall figure of 354,438 transactions, representing an increase of 11.2% over the previous year, which accelerated especially in the final part of the exercise. Housing used, with an increase of almost 40% per year, was a pioneer in the real estate market recovery. Experts say the new housing recovering protagonism (in 2015 21% of purchases were for new homes) but without returning to past excesses, generating sustainable growth.<\/p>\n

According to the statistical data used, property prices in Spain<\/strong> closed 2015 with an increase of 6.6% annually, indicating that prices could stabilize around 5% growth in the coming months. The average contracted mortgages in December stood at 110,985 euros, up 5.5% from a year earlier, thus accumulating seven straight quarters of growth. In this map, more than 46,000 of the 354,538 homes that were sold around 2015 were purchased by non-residents, representing 13.2% of the total. The British are still those most opt for purchasing in Spain your holiday residence and you gain almost one in four of all homes sold to foreign citizens (23.9%). They are followed by France, with 8.2%, German, with 7.8%, the Swedes, with 6% and Belgians, to 5.7%.<\/p>\n

In short, the Spanish market<\/strong> continues to offer opportunities; the professional market (offices, commercial and industrial) was the first to recover but still has room, as evidenced by the intense investment activity of the SOCIMIs<\/strong>. As for the residential market, the first house shows encouraging signs thanks to the recovery in employment, while the second housing still accumulates a high level of stock it will take much longer to be absorbed. This is shown by the data of number of transactions and the evolution of the price.<\/p>\n

If you are interested in investing in the in Mallorca property market please contact Vogue Properties, we\u2019re property specialists in the North of Mallorca<\/a> , Port Andratx<\/a> and West Mallorca.<\/p>\n","protected":false},"excerpt":{"rendered":"

Since starting 2016, we said that 2015 ended better than the previous one in all real estate parameters, leading to<\/p>\n\t\t

\n\t\t\tread<\/span><\/path><\/g><\/svg><\/a>\n\t\t<\/div>","protected":false},"author":2,"featured_media":2932,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,20],"tags":[],"class_list":["post-2787","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-home","category-news"],"yoast_head":"\nMap of the property market in Mallorca - Vogue<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n