Interview with Daniel Arenas, President of ABINI
Question: How would you describe the current state of the property market in the Balearic Islands?
Answer: The property market in the Balearic Islands continues to show great resilience. Despite global uncertainties, international demand – particularly from British buyers – remains strong. The Balearic Islands continue to be a highly attractive destination due to their quality of life, natural surroundings and transport links. It is true that we have come through years of strong growth, and we are now seeing a certain stabilisation, but we are talking about a healthy adjustment, not a slump. The market is becoming increasingly professionalised, and that is good news for all stakeholders.
Question: In a complex geopolitical context, what impact does this have on the property sector?
Answer: The current geopolitical climate, international conflicts, inflation and changes in interest rates are creating uncertainty, but they do not necessarily paralyse decision-making. International buyers, and British buyers in particular, tend to take a medium- to long-term view. The Balearic Islands are seen as a safe haven: a secure place to invest and live. Rather than a slowdown, what we are seeing is a more informed, more cautious buyer who places particular value on legal certainty and transparency in transactions.
Question: Where do you think the property market in the Balearic Islands is heading?
Answer: We are moving towards a more balanced and professional market. The trend is not one of uncontrolled growth, but of consolidation. We will see higher standards in terms of product quality, energy efficiency and regulatory compliance. Furthermore, the buyer profile is becoming increasingly international and sophisticated. The Balearic Islands will remain a premium destination, but with a more mature market, where trust and security will be key factors.
Question: What should a British citizen considering buying a property in the Balearic Islands bear in mind?
Answer: The most important thing is to surround yourself with accredited professionals. Buying a property in another country involves understanding local regulations, legal and tax procedures, and this can be complex. In this regard, working with agencies affiliated with ABINI offers a key assurance: they all comply with legal requirements, are duly registered, and adhere to very strict ethical and professional standards. This provides peace of mind and helps avoid unpleasant surprises.
Question: And what about those who want to sell their property on the islands?
Answer: For sellers, professionalism is also key. Expert advice enables them to set the right price, market the property effectively and reach the right buyer, particularly in an international market. ABINI’s agencies not only know the local market, but also have an international network that helps raise the property’s profile. Furthermore, compliance with regulations ensures that the entire process is conducted with complete transparency.
Question: You have mentioned the importance of ABINI on several occasions. What exactly does this association do?
Answer: ABINI acts as a mark of quality within the property sector in the Balearic Islands. All member agencies are required to comply with current regulations, including official registration, and to uphold high professional and ethical standards. This is particularly important for international clients, who may not be familiar with the Spanish property market. Knowing that they are working with an accredited agency reduces risks and instils confidence in both buyers and sellers.
Question: Why is this particularly relevant to the British public?
Answer: British buyers have historically been among the most significant in the Balearic Islands. However, following Brexit, the processes may prove more complex from an administrative and legal standpoint. For this reason, seeking professional advice is more important than ever. ABINI offers the assurance of reliability and professionalism that international clients need to make decisions with confidence.
Question: In short, what message would you like to convey to those who are considering investing or setting up a business in the Balearic Islands?
Answer: The Balearic Islands remain an excellent choice, both as a place to live and for investment. The market is robust, attractive and offers good prospects for the future. Above all, however, the key lies in doing it right: doing your research, seeking advice and relying on accredited professionals. Choosing agencies affiliated with ABINI means choosing security, transparency and peace of mind throughout the entire property transaction.