Danes in Spain: Spain top choice for over half of Danish property buyers

A decidedly happy bunch, Denmark holds a reputation of having an exceptionally good quality of life. In spite of this,more and more Danes appear to be investing their hard earned cash elsewhere with more than 70,000 purchasing holiday homes abroad, with Spain topping the charts as their perfect second home location this year.
Cala Magrana III is just 58 km from the international airport of Palma de Mallorca with easy access to the main European cities. Once you have arrived to Mallorca in just 50 minutes you can be relaxing on your terrace and listening to waves break against the shore.

Findings gathered from a recent survey on the 24thSeptember 2011 at the Bolig i Udlandet Homes Abroad exhibition in Denmark which surveyed 225 visitors discovered some interesting results regarding Danish property buyers.

Of the individuals asked, around 92% currently live in owner occupied housing while a mere 8% live in rental property, hardly surprising considering the average household income of respondents totaled around €119,000.

Additionally, of the 83% of interviewees who said they were looking to buy a property, 39% chose a house for their purchase taking joint ownership with an apartment at a further 39%. The remaining 22% asked were undecided.

Further statistics highlight that 44% of respondents were looking to buy within 1 year while 2 years was needed by 29%.

In terms of location, the most significant discovery from the survey showed that a massive 51% of Danes desired a second home in Spain followed behind by France (15%), Thailand (14%) and Italy (12%).

The Cala Magrana III residential complex is situated close to the sea and very close to golf courses and the marina of Porto Cristo. It consists of 2 bedroom apartments in a Mallorcan design surrounding a communal garden with a swimming pool.

Marc Pritchard, Sales and Marketing Director of leading Spanish developer Taylor Wimpey España, comments,

“Spain’s appeal as a top second home destination will never falter with the majority attracted to the warm climate, blue flag beaches and scintillating Spanish lifestyle. Indeed, while it appears that Danes are happy to travel to worldwide destinations like Thailand, Spain, a close by second home destination reigns supreme – even France was no match according to the findings.”

Pritchard continues,

“We were lucky enough to participate at the exhibition with our partner Solboliger and from our own findings we discovered that while most visitors were looking for Spanish property, around 35% were searching for second homes in the Costa Blanca with a further 35% looking at the Costa del Sol while the remainder chose Mallorca.”

Interestingly, according to a report by AENA, Spanish Civil Aviation, Mallorca was the most visited destination in Spain amongst Danish visitors in July 2011 with around 40,599 passengers’ followed by Barcelona at 26,000 visitors indicating that Danish visitors have become hooked by Mallorca’s charm, year round lively atmosphere, celebrity residents and world recognised events such as the Global Ocean Race 2011-12.

Typically, Mallorca affords higher property price tags than its other Spanish counterparts withKyero.com, Spain’s largest English language property portal (Q3 2011) highlighting that the Balearic Island of Mallorca has the third highest average asking price in Spain at €416,300 compared to the national average of €266,100.

However, Taylor Wimpey España shows that stunning property on the beautiful Balearic Island does not have to come at a bank breaking price affording high quality developments at national average price tags.

The Cala Magrana III development boasts a privileged position in a natural paradise with extraordinary sea views. The development consists of two-bedroom apartments designed to reflect the beauty of the surrounding area. There is a large swimming pool and wonderful sunbathing area for all the owners to enjoy. All the apartments come with a private outside parking space. Apartments on the ground floor have a spacious terrace with a garden for private use. Top floor apartments benefit from a roof terrace also for private use. The apartments are built to the highest standards and include designer brands of fixtures and fittings. The apartments are air conditioned with double glazing and security doors. There is also a terrestrial and satellite television dish.

Considering research from Bolig i Udlandet Homes Abroad exhibition discovered that Danish respondents desired an average property price of around €200,000, Cala Magrana III in Mallorca, situated close to Cala Anguila beach and the marina of Porto Cristo affords a great priceof €220,000 + VAT.

This development comprises 20 stunning 2 bedroom apartments surrounding a communal garden with a swimming pool. Ground floorapartments have a spacious terrace with a garden for private use while Top floor apartments benefit from a private roof terrace.

For more information on purchasing a piece of Spain contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call 00 34 971 706 244.