A view from Mallorca

A view from Mallorca

Taylor Wimpey España are in the property media talking Mallorca. ‘Mallorca’s Palma Airport is gearing up for its busiest ever September. Visitor numbers look set to top those seen in the same month during 2019, which was Mallorca’s busiest September to date, with 3.7 million arrivals.’

‘The island’s property market is also booming, with foreign buyers playing a major role in it. According to Q2 2022 figures from Colegio Registradores, foreign buyers in the Balearic Islands jumped by a staggering 34.66 per cent compared to the same period in 2021 – the highest increase in volume of foreign home buyers of any area in Spain. The Balearic Islands were also the Autonomous Community with the highest average price in Spain during the same quarter, at €3,180/m² – well above the national average of €1,957/m²).’

‘Nationally, Spain’s housing market is incredibly busy. The 163,909 registered sales during Q2 2022 were the second highest number in any quarter since the beginning of 2008. The same is true of the number of sales over the past year – the 626,345 sales are the highest number seen since mid-2008. When it comes to foreigners buying homes in Spain, Britons are leading the field. Foreigners accounted for 14.7 per cent of total home purchases in Spain in Q2 2022 (up 1.49 per cent since Q1 2022). Of those, Britons make up the largest group, accounting for 9.8 per cent of all foreigners buying property in Spain during Q2 (followed by Germans, at 9.1 per cent, and French buyers, at 6.6 per cent).’

‘Mallorca is leading Spain’s intensely busy property market right now, with strong demand from overseas buyers. British and German buyers in particular are snapping up properties in the Balearics. Properties in traditional Mallorquin villages that provide easy access to the coast are in hot demand. It is in the midst of this flourishing market that leading Spanish home builder Taylor Wimpey España has launched its latest development on the island: Es Balcó.

Located in the pretty village of Ses Salines, on Mallorca’s southern coast, Es Balcó is home to 33 apartments and duplexes. The two- and three-bedroom properties are priced from €315,000 plus VAT.’ Email for an introduction and more details.

View Mallorca. All for now. See you soon.