Spain’s Balearics lead the way for million euro-plus property sales
Last year the Balearic Islands topped the charts for property sales over one million euros to foreign purchasers and that trend remains for the first quarter of 2013. In 2012, 729 sales were made to foreigners, with an average price of €1,080,361, compared with just 41 in Madrid averaging €584,433.
According to statistics from Spain’s General Council of Public Notaries, Brits, Russians, Swiss and Scandinavians were the major foreign-nationality players in the Spanish property market in 2012 and continue to be for the first half of 2013. The Germans have slipped down the rankings but still feature strongly amongst the top buyer nationalities in the Balearics – after all Spain varies wildly from region to region.
Daniel Chavarria Waschke, Managing Director of Balearics Sotheby’s International Realty with offices in Mallorca and Ibiza, comments, “The Balearics simply tick all the boxes luxury house hunters require – security, privacy, good airline connectivity, excellent leisure facilities and infrastructure, alongside a restful ambience for a wind-down getaway.”
The statistics, just out, show how the market has evolved since 2007 – known to be the onset of recession in the construction sector. The Balearic Islands, Gerona (province bordering Barcelona) and Málaga (home to Marbella) have been the areas to capitalise most on foreign purchasers achieving increased transaction levels at the highest average prices.
The news coincides with the release of Balearics Sotheby’s International Realty’s Half Year Market Reviews for Ibiza and Mallorca – available on request.
On the Market in Mallorca:
Ref 6224, Villa, Son Vida, Mallorca
This six bedroom masterpiece in Palma’s Son Vida golf zone has been constructed around the principles of Feng Shui to create a sense of wellbeing. Harmonising modern and traditional style, water plays a huge role in this home. First, a waterfall passes through the hanging gardens of the courtyard with the support of a spray system to provide natural cooling to this part of the house. To the rear of the property, the south-facing swimming pool surrounded by decking has crescent shape fountains at the sides, producing colourful rainbows, as well as Spa-style water jets. Views carry across to the Cathedral area of Palma and the Mediterranean. Inside, a spacious wellness area with indoor pool has magical lighting, a whirlpool for up to six people, a salt sauna, traditional dry sauna and rainshower experience. Other features include a home cinema, roof terrace, underfloor heating throughout and an installed music system.
Six Bedrooms, Six Bathrooms
Built area 900m², Plot size 2,300m²
Price – 9.8 million euros (approx 8.43 million GBP)
On the Market in Ibiza:
Ref 6232, Villa, Es Cubells, San Jose, Ibiza
A unique villa located in Es Cubells with spectacular views over the south coast and the island of Formentera. The villa is in an exceptional location and offers total privacy as well as being decorated with a great eye for detail combining modern and classic Ibizan elements. The property benefits from six en suite bedrooms (including independent guest accommodation) a large living and dining room, indoor and outdoor kitchens as well as large terraces, a gymnasium and swimming pool. The master suite has its own fireplace, office and bathroom with beautiful views. Other rooms on the upper level have access to the roof terrace from where fabulous views can be enjoyed.
Six Bedrooms, Six Bathrooms
Built area 600m², Plot size 10,000m²
Price 5.5 million euros (approx 4.73 million GBP)
For more information, visit ibiza-sothebysrealty.com.
