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