The property sector in Majorca grows by 20%

The number of property sales in the Balearics rose by 20% in 2017. 36% of the buyers were foreigners.

In 2017, the number of real estate transactions on the Balearic Islands increased by 20% compared to the previous year, according to latest reports from the INE, the Spanish National Institute for Statistics. This upward trend has been continuing over the years and has reached an increase of almost 50% with respect to 2014.

The bulk of the demand for properties in Spain is concentrated in regions with an established tourism infrastructure, including the Balearics. Majorca has the third largest airport in Spain and an extensive road network that connects even the remotest of places on the island with Palma in less than an hour. The unique beauty of Majorca, together with the wide range of culinary and Wellness experiences it has to offer, captivate visitors to such an extent that it is inevitable that many consider investing in property in Majorca, as either a permanent or second home. In fact, 36% of people who bought properties in the Balearics during the third quarter of 2017 were foreigners.

Canyamel Valley fits into this context as one of the most valued locations to invest in a second residence in Majorca, owing to the beauty of its surroundings and the newly-developed offers from Cap Vermell Group of life experiences that go far beyond the sale of tourist products and services, and that turn a stay in the villas at Cap Vermell into an unforgettable memory.

Housing market trends in Majorca

Forecasts for 2018 point to investment in Majorca continuing to increase through the momentum already achieved. From the reports that have been published by the INE over the latest quarters, a moderate upward trend can be noted, driven primarily by the recovery in the prices of new builds.