Real Estate

With the lifting of the travel restrictions, the breakthrough finally came. In May 2021, Porta Mallorquina registered a record number of over 700 enquiries per month, and the level in June was also significantly higher than the usual average. This high demand is also reflected in the positive sales figures. As of 30.06.2021, the subsidiary company of the listed Homes & Holiday AG reported a sales volume of 81.6 million euros including existing option contracts, and so already exceeds the total volume of 2020 after only six months, an amount of 65.2 million euros. A sales turnover of 44.3 million euros was notarized in the first half of the year. The commission volume also increased significantly to 1.781 million euros as at 30th June. If the option contracts are also incl...

Spring 2020 – Mallorca's economy suffers massively from the effects of the Corona Pandemic. At the end of May came the desired, positive signal from Madrid – at the latest from the 1st July foreign tourists can enter the country once again. Hoteliers, restaurant and bar-owners can breathe a sigh of relief, at last light at the end of the tunnel. Around 40% of the gross domestic product of the Balearic islands is at stake if the tourists fail to arrive. With at least 20% of the GDP the building industry is the second biggest economic factor, but now this segment is also being severly restricted, not only by the pandemic but also by a new law from the island government which came into force on the 25th May 2020. The 'decreto Ley 9/2020 de medidas urgentes de proteccion del territorio de l...