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Follow on Google News | Balearics Lead the Way for Spanish House Price RisesAccording to official figures for Q3, house prices in four Spanish regions are now on the rise. The Balearics lead the way with 4.4% growth year on year and Balearics Sotheby’s International Realty expects the trend to continue for 2014.
By: Mallorca Sotheby's International Realty Daniel Chavarria Waschke, Managing Director of Balearics Sotheby’s International Realty, with offices in Mallorca and Ibiza (http://www.ibiza- Foreign ownership in the Balearics (http://www.ibiza- The Council of Notaries reveals that Germans are out front in this trend, making three times the number of house purchases in 2012 (1,303) than 2008 (396). Brits always feature heavily in the Balearics (http://www.mallorca- The four regions experiencing house price rises in the third quarter of the year are Navarra (2.8% over the same period in 2012), Extremadura (2.2%), Madrid (0.3%) and the stand-out stars, the Balearics (http://www.ibiza- Whilst the experts predict more price falls for Spain in 2014, or at best stabilisation, Daniel can only see more price rises for the Balearics, “Each month we are listing more and more expensive homes. In Mallorca the seven, eight, nine, ten million euro plus category is growing and properties in the best locations with the finest qualities and move-in décor are being snapped up – even at those prices. Meanwhile in Ibiza (http://www.ibiza- Another interesting nugget of information from the Ministry of Housing is the towns where prices per square metre have risen the most. At number two in the charts is Calvia, an affluent town in southwest Mallorca (http://www.mallorca- On the market in Ibiza: Ref 6366 - Villa in Jesus, Ibiza (http://www.ibiza- Newly built designer villa set at the end of a cul de sac in the exclusive gated community of Can Rimbau, just minutes from the town of Jesus, Talamanca beach and Marina Botafoch. Strategically positioned to offer open sea and countryside views, the villa is very bright and spacious. At ground level there is a living room opening onto the swimming pool terrace, a kitchen, dining area, games room and an en-suite bedroom. Upstairs a further en-suite bedroom benefits from an enormous panoramic terrace. Two bedrooms, Three bathrooms Built area 550m², Plot size 2,500m² Price 3.85 million euros (approx 3.25 million GBP) Contact Ibiza Sotheby’s International Realty on phone: (+34) 971 310 799, email ibiza@ibizasir.com or visit www.ibiza-sothebysrealty.com. On the market in Mallorca: Ref 6206 – Villa in Alaro, Mallorca (http://www.mallorca- A newly built country home with a natural stone facade set on a flat ten hectare plot in beautiful countryside. Completed at the end of 2009, the property is accessed by an electric gate and long driveway to ensure privacy and security. Inside a double height hall gives a wonderful sense of space, as do the large windows used throughout. Outside there are many trees, including ancient olives and almond trees, a lovely garden and large swimming pool. This home has been styled to the ancient Mallorcan tradition but with the latest technology and high spec materials. Four bedrooms, Four bathrooms Built area 500m², Plot size 100,000m² Price 3.6 million euros (approx 3 million GBP) Contact Mallorca Sotheby’s International Realty on phone: (+34) 971 67 48 07, email mallorca@mallorcasir.com or visit www.mallorca- -ends- for further press information or photography please contact Sarah Drane on sarah@purplecakefactory.com or call 00 34 607 564 726 End
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