12 Aug, 2017 @ 11:49
1 min read

Overseas buyers spend record-breaking amount on Spanish property

HOTSPOT: Mallorca tourism under threat from Thomas Cook collapse and Brexit

Record breakers
OVERSEAS buyers ploughed a record-breaking €888 million into Spain’s property market in the first half of 2017 as interest in Mallorca continues to soar.

The astonishing figure smashed last year’s record of €330 million with the Balearic Island also seeing a 20% increase in UK visitors in May this year.

PROPERTY BOOM: Foreign buyers splash out in Mallorca

This year, Taylor Wimpey Espana has seen buyers from 15 different nationalities snap up homes across Spain.

German, Scandinavian, British and Russian buyers have been the most active.

“A decade on from the crisis and Spain’s property market is not only back on its feet but thriving,” said Marc Pritchard from Taylor Wimpey Espana.

“The appeal of owning a second property in Spain, be it to
enjoy holidays with friends and family or to relocate, has endured.

“I have no doubt the country will welcome another record year of international investment.”

Taylor Wimpey Espana’s new development Camp de Mar Beach has also been receiving interest.


Joe Duggan (Reporter)

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: newsdesk@theolivepress.es or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

pjimage  e
Previous Story

Marbella’s ‘Ken Doll’ has spent almost €500,000 on procedures and is planning more despite health risks

Palma Olives
Next Story

EU officials admit Spanish olive and almond blight is almost beyond control

Latest from Lead

Go toTop