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

bank of england interest rate
Breaking News

Bank of England Money and Credit – December 2024

These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals rose by £1.0 billion, to £3.6 billion in December. Net…
Read More →
Breaking News

Housing market gets off to its strongest start in three years, with new sales agreed up 12 per cent on 2024

The 2025 sales market has got off to a stronger start than in 2024 or 2023 with buyer demand up 13 per cent and 10 per cent more homes for sale Rising sales are supporting UK house price inflation which is +2.0 per cent in the year to December 2024, compared to -0.9 per cent…
Read More →
for sale sign london
Breaking News

Westminster council must outline how their proposals on property boards will not hinder market

Westminster City Council must explain how their proposals to renew the existing Regulation 7 Direction and expand it to the whole borough will not hinder the sales and lettings markets, Propertymark argues. At present, some areas of Westminster are subject to a Regulation 7 Direction, which means consent from the Council is needed to display…
Read More →
Breaking News

National Federation of Builders View on Chancellor’s Speech

At the Autumn Budget 2024, Chancellor Reeves scaled back her interference in the planning process. However, in her speech today, she returned to the position that a well-functioning planning system is crucial to not only enabling growth but, more importantly, sustaining it. Richard Beresford, Chief Executive of the National Federation of Builders (NFB), commented: “The…
Read More →
Letting Agent Talk

Landlords and Tenants: A Balanced Relationship in the Private Rental Sector (PRS)

New findings from Leaders Romans Group’s (LRG) latest survey reveal a balanced picture of landlord-tenant relations in the UK. Contrary to negative stereotypes often portrayed, the data shows that tenants view their landlords positively while highlighting areas for improvement in communication and responsiveness. The survey found that 55% of tenants believe their landlord provides quality…
Read More →
Estate Agent Talk

Government Correct to Head Off Climate and Nature Bill

The ‘Climate and Nature Private Members’ Bill’, brought forward by Dr. Roz Savage MP, seeks to set new legally binding targets for climate and nature, as well as give the Secretary of State a duty to implement a strategy to achieve these targets. The National Federation of Builders (NFB) has worked closely with Government’s old…
Read More →