Market Growth
May 12th, 2015
Agency Engel & Völkers - Leading real estate agency on Majorca with 16 shops.
The present quarter was one of the strongest ones within the last 10 years. In comparison with the previous-year period the property sales increased by 20% with a particularly high demand for exclusive residential areas.
http://ibwirtschaft.com/immobilien/immobilien-boom-beschert-balearen-neue-rekordumsaetze/
May 8th, 2015
Increase rate for real estate sales according National Institute of Statistics for the 1st quarter 2015 compared with the previous-year period for the Balearic Islands of 9%
http://ibwirtschaft.com/immobilien/immobilienverkaeufe-auf-balearen-maerz-ruecklaeufig-91270/
Ministerio de Fomento (Spanish Ministry of Internal Development)
Value of the real estate sold to foreign customers on the Balearic Island was 976 Mil. Euros. The transaction volume therefore has within the last few 5 years doubled (494 Mil. Euro in 2009).
http://ibwirtschaft.com/immobilien/immobilien-boom-beschert-balearen-neue-rekordumsaetze/
February 15th, 2015
Market development south-west region of Mallorca: Sales increases by Engel & Völkers 43% over previous year. Strongest increases in the premium segment. Quote: “Within the course of this development rises the demand for another "super-premium-sector“ in the area of 10 Mil. Euros and above. The most expensive property sale 2014 by Engel & Völkers in this regionwas 18.50 Mio. Euros.
http://ibwirtschaft.com/immobilien/immobilien-umso-teurer-umso-besser/
December 15th, 2014
Overall sales increases 2014 of 21% over 2013 for the period January up to October. South-West-Region in the same time sales increases January 2014 up to end of October 2014 37% over previous-year period 2013. 40% of all sales in the region are made to overseas buyers.
Newsletter Engel & Völkers Son Vida on December 15th, 2014
Trends of Prices
May 2015
Palma was chosen 2015 by British Sunday Times as best place living world wide. Square meter prices in Plama increased between 10 – 15% over previous-year values.
http://ibwirtschaft.com/immobilien/immobilien-boom-beschert-balearen-neue-rekordumsaetze/
December 2014
Port Andratx reached 2014 a new record price of € 27.000 per square meter.
Newsletter Engel & Völkers Son Vida on December 15th, 2014May 2014
The Port d’ Andratx district of Marmacen reached in the Europe ranking 2014 of the most exclusive and most expensive real estate locations, made by Engel & Völkers rank 11 (2013 rank 13).
http://www.engelvoelkers.com/blog/2014/london-europes-exclusive-place-live/
Ratings of this Market
Bellevue -
“Mallorca is certainly one of the safest real estate locations in Europe and probably viewed with all aspects even the most stable market for holiday homes in whole Europe. The combination of all-the-year accessibility, safety, recreational value, infrastructure and climate are unique.”
http://www.bellevue.de/stories-und-ratgeber/mallorca-die-immobilienkrise-ist-vorbei-1251.html
March 14th, 2014 - Financial Times (UK)
“Knight Frank claims its sales increases 40 per cent last year while Engel & Völkers, with 16 offices on the island reported a 30 per cent rise in sales over the same period.”
“It doesn’t suffer from the overdevelopment that went on in other part of Spain, it is well served with flights from Europe, healthcare is superlative, there are nine international schools. It is simply a place where wealthy people like to live” (Quotation: Cvetlovic at Savills).
http://www.ft.com/cms/s/2/994d49a8-9f07-11e3-8663-00144feab7de.html