Considering Property Investment? Now Is The Time, Says Mallorca’s Foremost Property Guru

March 1, 2016

With house prices steadily rising and an encouraging investment climate, Mallorca’s foremost property guru believes now is the perfect take for would-be investors to take the plunge into the holiday property market.

Dominic Lechner, CEO of Mallorca Properties, believes the combination of rising house prices, growing investor confidence and demand from overseas buyers has turned the Balearic island into a prime destination for investors – and his advice to Brits is to make the move while property prices remain relatively low.

Mr Lechner says, “Mid-to-late February tends to be the time when investor interest starts to gather momentum, especially among Brits! I’ve already started to receive calls and emails about potential property investments for the coming months, and I believe that now is the perfect time for many British investors to put their money where their mouth is.”

He adds, “House prices in Spain rose 6.6% over the last twelve months, and while they remain relatively low in comparison to other Eurozone countries, all the signs point to recovery. There’s ever-increasing confidence among investors, and Mallorca has always been a popular investment location for Brits – never more so than now, when stock market uncertainty and rock-bottom interest rates are forcing more savvy-savers into the safer, more secure property market.”

Property prices within the most popular areas of the island are expected to rise fast over the coming years. Palma, the beating heart of the island, saw a 50% increase in property sales last year, with the average price between is €2,000-€2,500/m2. The northern villas and quaint farmhouses situated in the stunning town of Deia can cost anywhere from €1 million to €4 million, while holiday apartments in the popular tourist-filled areas of Cala D’or and Pollensa can be snapped up for less than €100,000.

 

For more information about Mallorca Properties, visit the website: https://www.mallorca-properties.co.uk

Alex Evans

You May Also Enjoy

Damaged timber from Dry Rot
Estate Agent Talk

Mould and damp – what you need to know ahead of winter

With the winter months just round the corner, problems with damp and mould can become far more prominent. Autumntime is when many people turn on central heating systems and choose to close windows, preventing fresh air ventilation needed to allow damp air to leave a property. Unfortunately, the combination of warm and damp air can…
Read More →
Breaking News

Rental price and average salary tracker – September 2025

London and South East see biggest dips in required rental salary year-on-year London and the South East saw the sharpest dips year-on-year in the average salary needed in order to rent the average home in that area. London saw a 4.2% drop, whilst the South East saw a decline of 2.9%. Yorkshire and Humberside saw…
Read More →
buying at auction uk
Breaking News

The cities where buying beats renting – with just a 5% deposit

British first-time buyer mortgage payments are typically 17% cheaper than renting, even with a low 5% deposit The average 5% deposit is £11,412 based on a typical first-time buyer property price of £228,233 Among major cities outside London, the biggest gap between owning and renting is in Glasgow, where buyers could save more than £4,750…
Read More →
Rightmove logo
Breaking News

Rightmove’s Weekly Mortgage Rates Tracker

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.51% +0.00% -0.37% 5-year fixed 4.55% +0.01% +0.01%   Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.77% +0.05% -0.07% 5-year fixed 3.97% +0.10% +0.29%   Average…
Read More →
Rightmove logo
Breaking News

Data and commentary from Rightmove on stamp duty reforms

Colleen Babcock, Rightmove’s property expert said: “We’ve been calling for stamp duty reform for some time now, as it’s a significant barrier for many people moving home. Abolishing it completely would remove one of the biggest barriers to moving, unlocking more moves at all stages of the property ladder. “Our data shows that only 5%…
Read More →
Breaking News

Second-time buyers dominate demand for longer term fixed mortgage deals

Second-time buyers are dominating demand for longer term fixed mortgage deals, fresh data from Moneyfacts Analyser can reveal. Of those looking for fixed term deals on moneyfactscompare.co.uk: Almost two-thirds (58%) of second-time buyers who compared mortgage deals using the moneyfactscompare.co.uk website were considering terms of three years or longer in the 30 days to 1…
Read More →