Prices are at all time highs, across all points, inventory remains stable Home Sales continue to fall, with some indication of bottoming out Pipeline also continues to show signs of slowing Mortgage financing picks up, presumably on lower interest rates
Forecasts
We expect to see real prices consolidate over the next 12 months,slight downside Pressure on prices on fiscal uncertainty in the higher end of the market Overall the market still remains robust, but selective at the right price Some pick up in inventory & transactions is forecast as the year evolves
Some Stats (Balearic Islands)
30% home purchases are non residents 20% are new builds Average size 108 m2 70% are mortgage financed