A decidedly happy bunch, Denmark holds a reputation of having an exceptionally good quality of life. In spite of this, more and more Danes appear to be investing their hard earned cash elsewhere with more than 70,000 purchasing holiday homes abroad, with Spain topping the charts as their perfect second home location this year.
Findings gathered from a recent survey on the 24th September 2011 at the Bolig i Udlandet Homes Abroad exhibition in Denmark which surveyed 225 visitors discovered some interesting results regarding Danish property buyers.
Ofthe individuals asked, around 92% currently live in owner occupied housing while a mere 8% live in rental property, hardly surprising considering the average household income of respondents totaled around €119,000.
Additionally, of the 83% of interviewees who said they were looking to buy a property,39% chose a house for their purchase taking joint ownership with an apartment at a further 39%. The remaining 22% asked were undecided.
Further statistics highlight that 44% of respondents were looking to buy within 1 year while 2 years was needed by 29%.
In terms of location, the most significant discovery from the survey showed that a massive 51% of Danes desired a second home in Spain followed behind by France (15%), Thailand (14%) and Italy (12%).
Scintillating Spanish lifestyle
Marc Pritchard, Sales and Marketing Director of leading Spanish developer Taylor Wimpey España, comments,
Spain'sappeal as a top second home destination will never falter with the majority attracted to the warm climate, blue flag beaches and scintillating Spanish lifestyle. Indeed, while it appears that Danes arehappy to travel to worldwide destinations like Thailand, Spain, a closeby second home destination reigns supreme - even France was no match according to the findings.
Wewere lucky enough to participate at the exhibition with our partner Solboliger and from our own findings we discovered that while most visitors were looking for Spanish property, around 35% were searching for second homes in the Costa Blanca with a further 35% looking at the Costa del Sol while the remainder chose Mallorca.
Interestingly,according to a report by AENA, Spanish Civil Aviation, Mallorca was themost visited destination in Spain amongst Danish visitors in July 2011 with around 40,599 passengers' followed by Barcelona at 26,000 visitors indicating that Danish visitors have become hooked by Mallorca's charm, year round lively atmosphere, celebrity residents and world recognised events such as the Global Ocean Race 2011-12.
Affordable high quality
Typically, Mallorca affords higher property price tags than its other Spanish counterparts with Kyero.com,Spain's largest English language property portal (Q3 2011) highlightingthat the Balearic Island of Mallorca has the third highest average asking price in Spain at €416,300 compared to the national average of €266,100.
However, Taylor Wimpey España shows that stunning property on the beautiful Balearic Island does not have to comeat a bank breaking price affording high quality developments at national average price tags.
Considering research from Bolig i Udlandet Homes Abroad exhibition discovered that Danish respondents desired an average property price of around €200,000, Cala Magrana III in Mallorca, situated close to Cala Anguila beach and the marina of Porto Cristo affords a great price of €220,000 + VAT.
Thisdevelopment comprises 20 stunning 2 bedroom apartments surrounding a communal garden with a swimming pool. Ground floor apartments have a spacious terrace with a garden for private use while Top floor apartments benefit from a private roof terrace.