The recovery of the Spanish real estate market may begin in Mallorca. This is evidenced by the optimistic data of the island's developers.
In particular, British developer Taylor Wimpey de Espa said that this year the company's sales volume increased by 50% compared to last year, while the number of home sales doubled in Majorca.
"The increase in sales to foreigners is due to a serious change in housing prices. Thus, in Majorca, the average cost of housing has dropped by 25% compared to peak rates," said Javier Balester, managing director of the company.
The words of Director Taylor Wimpey de Espa confirm the statements of other market professionals, in particular the president of the Association of Developers of the Balearic Islands Gabriel Oliver, who I am satisfied with the way housing sales are going in the region.
Based on the materials of the website