Germans buying more property in Mallorca
Germans are buying more property in Mallorca, according to agents, as foreigners continue to prove essential to Spain’s real estate recovery.
The area of Mallorca has always been popular with international tourists, as the Balearic island’s sandy shores offer stunning scenery and sumptuous food. But while Mallorca attracted more than a million Brits this summer, it was the Germans who just couldn’t get enough of what the island had to offer: so far in 2015, German visitors have accounted for more than 40 per cent of all foreigners to visit Mallorca, according to data from Ibestat, the statistics institute of the Balearic Islands.
Sales and Marketing Director of Spanish homebuilder Taylor Wimpey España, is one German who loved the island so much that he couldn’t bear to leave. He is not alone in his passion: August data from the company shows a 160 per cent year to date surge in sales to German buyers, almost all of whom have opted for a second home on Mallorca.