Balearics lead the way for million euro sales

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.