Engel & Völkers Mallorca
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The international real estate brand has released its sales figures for the first half of 2017, which show a new record of a 32% increase in sales volume, for a value of 98 M Euros, over the same period in the previous year. These figures include rental and sales operations in the entirety of the Iberian peninsula as well as the Balearics.
The number of sales also increased by 24% compared to 2016 for a total of 1415 sales in the first half of the year, while rentals also posted a 19% increase with 1214 transactions. To top it all off, the average price of properties sold also grew by 6% to 639,218 Euros, with rental prices following suit with a 13% increase to 2878 Euros per month.
The CEO of Engel & Völkers Spain, Portugal and Andorra, Juan-Galo Macià, commented; “the extraordinary results registered in Spain in this first half year confirm the positive market activity and its’ strategic importance for the company.”
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Among the main reasons for the record-setting statistics were the market centres of Barcelona, Madrid and Valencia, which alone reported a growth of 71% and the increased demand for premium properties in Mallorca and Marbella.
Engel & Völkers Mallorca, which has 17 offices on the island, reported a sales increase of 24% over the same time last year with total sales transaction volume of 270.5 M Euros. The first six months of 2016 had similarly shown an extraordinary 79% increase over 2015.
In a statement, the company said “the main buyers are German speaking, British and Scandinavian with increased Spanish and French investors coming into the market. The Brits continue to buy in Mallorca and in some areas of the island Engel & Völkers has reported increased sales to British investors.”
Meanwhile Marbella is enjoying its best period in years with increased demand from premium real estate investors. Engel & Völkers said “in the past two years developers have started to construct new modern, quality projects in a wide range of prices. There’s also demand for property to refurbish and there’s growing interest from German, Swiss, Belgian buyers together with long term Dutch and Scandinavian investors.”
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Passion, competence and exclusivity: Engel & Völkers Mallorca is a class act, delivering excellence in premium real estate. Visit them in Mallorca! […] Engel & Völkers Mallorca