THE ADDRESS Magazine Summer 2014 - Page 288

With prices that have not just held firm but are on the upswing, the luxury property market has continued to attract top overseas buyers. Thanks to Mallorca’s modern facilities and vast range of cultural and leisure options, the outlook for growth remains good. Foreign property ownership on Mallorca has doubled in the last five years, with a notable increase in the number of Scandinavians and Russians, while German and British buyers 288 remain key players. It is expected that with Spain’s highly touted Golden Visa legislation, investors from farther afield will be flocking to the island as well. Rarely does a home of this calibre come onto the market, a property of its architectural brilliance, its family-style practicality and i G2f'V