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Property Status: growth

Growth of 18.5%.


In Spain, the Balearic Islands are the leader with regards to the recovery of the real estate market. Only Navarra and the Canary Islands show similar development (13.9% and 12%).


The percentage is considerably considering that the national medium size is approx. a 2.2%.

The reason for the growth is the acquisition of second hand properties (it shows a lack of new construction, among other things, by the lack of land in many communities) and the interest of foreigners purchasing a second home on the island, being significant for the increase in these statistics.

 

Source: Diario de Mallorca

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