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

Breaking News

Breaking Property News 20/12/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   Why estate and letting agents must embrace innovative technology in 2025   As we step into 2025, the UK property market continues to shift, and estate agents face mounting pressure to meet the evolving expectations of buyers and sellers. The days when static images sufficed…
Read More →
Breaking News

Breaking Property News 19/12/24

Daily bite-sized proptech and property news in partnership with Proptech-X.   High street Auctions’ initiative launches to revive Britain’s town centres   This month the UK Government rolls out its highly anticipated ‘High Street Auctions’ scheme, a flagship measure of the Levelling Up and Regeneration Act 2023. This initiative grants local authorities the power to take…
Read More →
Estate Agent Talk

Moving Up In The World: Finding Your Dream Home

Finding your dream home is one of life’s most exciting and transformative experiences. Whether you’re looking to upsize, relocate, or finally purchase that ideal property you’ve always envisioned, the journey is both thrilling and filled with important decisions. As you embark on this path, it’s essential to plan carefully, consider your priorities, and approach the…
Read More →
new build home fronts
Breaking News

These cities are the keenest to move house in 2025

Bournemouth is the keenest area in the UK to move home, with 38,132 average monthly searches for moving-related topics per 100,000 residents. Plymouth is second, with 35,198 average monthly searches for moving, and Birmingham is third, with 35,181. Derry is the least keen area to move house, with only 3,170 average monthly searches related to…
Read More →
Love or Hate Rightmove
Breaking News

Number of rental enquiries still double pre-pandemic, as rents predicted to rise 3%

The average number of enquiries sent to agents about each available property they have to rent is still nearly double the level it was in 2019, despite improvements in the balance between supply and demand: Each available property receives an average of 11 enquiries, nearly double the 6 at this time in 2019 This is…
Read More →
bank of england interest rate
Breaking News

Response to the Bank of England interest rates decision

Response to the Bank of England interest rates decision, thoughts from the Industry Rates were left unchanged at 4.75% MPC voted 6 to 3 in favour of holding rates flat, with three members preferring to cut rates by 0.25% to 4.5% In the near-term inflation is expected to “continue to rise slightly” The market was expecting rates to remain…
Read More →