Mallorca Real Estate is a safe Investment
The First Mallorca Market Report
Costa d'en Blanes (pts034/30.10.2012/15:30) Soon Northern Europe will be reaching into their clothes closets for winter coats and scarfs, whilst we look forward to a cooling off from the high temperatures Mallorca has experienced this summer.
2012 has also been one of the driest summers on the Balearics in recent times. Clearly this fact is the region's trump card along with its relative closeness and accessibility to Europe and Scandinavia. The fact is you cannot extinguish the desire to enjoy sunlight and colour which we are fortunate enough to enjoy here in Mallorca.
That is why we are very confident that during these times when Italy is borrowing at 7% to lend to Spain at 3%, real estate offers a safe harbour from this everlasting turbulence. Once again German buyers head our property sales with the UK market second, firmly establishing First Mallorca as the leaders in both top Mallorca market segments - Germany and the United Kingdom.
Our latest market report shows a barely unchanged negotiation figure of 11.54 % compared to the period January to May 31st 2012. The sales value and number of properties sold are marginally up over the same period January to Sept 30th of the previous year 2011. Spanish sellers top the chart of property vendors, followed by British and Germans. Our Long Term Rental department shows the Germans represent nearly 50% of all renters with the British second at nearly 15%.
Sales Transactions January to 30th Sep 2012
| Total number of Sales | 97 |
| Total Value of Sales: | 78.757.870 Eur |
| Average Property Price: | 812.000 Eur |
| Negotiation margin: | 11.54 % |
Nationality of Vendors
| Spanish | 32.98 % |
| British | 27.83 % |
| German | 26.80 % |
| Swedish | 4.12 % |
| Danish | 2.06 % |
| Irish | 2.06 % |
| Swiss, Finish, Dutch & Luxembourgian | 4.15 % |
Nationality of Purchasers
| German | 44.32 % |
| British | 23.71 % |
| Swedish | 14.43 % |
| Russian | 4.12 % |
| Austrian | 3.09 % |
| Swiss | 3.09 % |
| Danish | 3.09 % |
| Spanish, Slovenian, Norwegian, Italian | 4.15 % |
Rental Transactions
| Amount of Rental Contracts | 88 |
| Average Property Rent: | approx 3.000 Eur |
Nationality of Property Owners
| British | 36.59 % |
| German | 18.30 % |
| Spanish | 35.38 % |
| Swedish | 2.45 % |
| French, Swiss, American, Italian, Russian, Norwegian | 7.28 |
Nationality of Tenants
| German | 47.57 % |
| British | 14.64 % |
| Swiss | 7.32 % |
| Spanish | 6.10 % |
| Austrian | 4.88 % |
| Dutch | 4.88 % |
| Swedish | 2.44 % |
| French | 2.44 % |
| Bulgarian | 2.44 % |
| Russian | 2.44 % |
| Latvian, Danish, American, Ukrainian | 4.85 % |
For the following months, until the end of the year, we foresee an increase in the numbers of "new property" sales due the present sales tax incentive expiring on December 31st. Overall the market is developing into a sophisticated location but still having room for tighter budget requirements. The insecurity that surfaced in 2008 has moved of late into a more stable and healthy environment, where property offers a safe investment, something to speculate with and a base to enjoy a southern Mediterranean re-orientation.
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| Aussender: | First Mallorca SL |
| Ansprechpartner: | Heidi Stadler |
| Tel.: | +34-971-679444 |
| E-Mail: | info@firstmallorca.com |
| Website: | www.firstmallorca.com |
