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Activity Soared in the Luxury Housing Sector in July

Engel & Völkers saw a 60% increase in luxury home transactions in July compared to the same month in 2019. Mallorca emerged as a key market, mainly sought after by Germans.

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Around the world, Engel & Völkers registered a 60% increase in transactions in the luxury real estate segment in July compared to the same month the previous year. In particular, demand rose for homes with prices between two and five million euros.

“We are already seeing significant effects following a difficult first half of the year. Buyer activity is high in the domestic and international real estate markets”, said Sven Odia, CEO of Engel & Völkers AG.

Read the full article in Spanish.

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