Balearic property market boosted by foreign buyers as prices rise by 4.8%

The Spanish government has recently revealed that 4 of the country´s 17 regions posted property price increases in the third quarter of this year compared with the same period in 2012.
  • Balearic property prices rise 4.8% in Q3 2013 vs Q3 2012 (Spanish development ministry)
  • Flight arrivals from the UK to Balearics up 7.9% to 3,046,681 for the same period
  • Taylor Wimpey España taking advantage of Balearic popularity, offering two brand new luxury developments on the golden isle of Mallorca
The country´s development ministry said the biggest increase in property prices, 4.8%, was posted by the Balearic Islands, a relatively small region with a high percentage of foreign residents.
Indeed, the Balearic region may be geographically slight but it is a force to be reckoned with in terms of real estate on offer which attracts both the rich and famous, along with savvy holiday home hunters looking for high quality properties in a very popular holiday destination.
Marc Pritchard, Sales and Marketing Manager for leading Spanish home builder Taylor Wimpey España comments,
“Whilst other markets such as Greece, Egypt and Turkey may have lowered their prices to attract more tourists, the Balearics have taken the bold decision to target the higher end of the market.  The calibre of stock and property prices have gone in an upward direction and interest levels remain extremely high.
“Here at Taylor Wimpey España, we are reaffirming our commitment to the golden Balearic island of Mallorca, building a further two new luxury frontline developments which are proving extremely popular with buyers from across the globe. Foreign interest in our properties has been phenomenal this year however British and Belgian clients stood out last month comprising 65% of total sales across Mallorca, Costa del Sol and Costa Blanca!”
Indeed, it comes as no surprise Spain is a firm favourite for Brits looking for their perfect place in the sun. Comprising 26.16% of the total Balearic tourist market, British visitors spent 8.5% more in the Balearics in the first nine months of 2013 over last year and flight arrivals from the UK are also up 7.9% to 3,046,681 for the same period.
A mere hop, skip and a jump from British shores, Mallorca in particular is easily accessible, as leading  low cost airlines offer frequent flights from an extensive list of cities across the UK. And with more flights readily accessible, it could be time to stop renting a hotel room or apartment and buy your very own slice of Spanish sunshine.
The brand new Camp de Mar Beach development offers a very rare opportunity to buy a well-priced new townhouse in the south west of Mallorca, Camp de Mar, which is walking distance to the best golf courses on the island and a beautiful beach, about 25 minutes from Palma and 30 minutes to the airport.
The development consists of 2 and 3 bedroom townhouses in a gated community designed to a Mediterranean style with beautiful landscaped gardens and a large modern swimming pool.
With the Andratx Golf Clubhouse being just 50 metres away for all owners to enjoy and a few minutes’ walk to the stunning beach of Camp de Mar, from 377,000€.
Or why not take a look at the new Cala Estancia apartments just 5 minutes from Palma airport, visiting these new holiday apartments couldn´t be easier. Offering the best of both worlds, the calm serenity of Cala Estancia bay and direct access to Palma city centre in under 10 minutes. These new apartments, available from 141,000€, are sure to be popular with buyers, boasting large terraces on which you can enjoy the view to the sea and amazing sunsets.
These properties are definitely not to be missed so for more information please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call +34 971 70 69 72.