Homes & Holiday AG
Homes & Holiday AG: Real estate brokerage business on the Balearic Islands develops positively even during the pandemic
DGAP-News: Homes & Holiday AG
/ Key word(s): Real Estate/Miscellaneous
Homes & Holiday AG: Real estate brokerage business on the Balearic Islands develops positively even during the pandemic
Timo Weibel, director of Porta Mallorquina and the owner of two real estate offices on the island, describes how the market has developed in the Corona pandemic: “After a brief period of shock in the first lockdown in mid-March 2020, interest recovered very quickly. Although the purchase inquiries fell by around a third in total, the customers who came forward were all the more determined to realize their dream of owning a vacation property on Mallorca.” With Skype, Zoom and Co. the brokers of Porta Mallorquina kept contact with their customers abroad and made online viewings possible. “Some clients even bought just based on the video. Many also did not travel to settle the transaction, but did so by power of attorney with apostille at a notary’s office in Germany,” says Timo Weibel to himself. Second half-year significantly better than the first six months The year 2021 initially got off to a somewhat quieter start than the previous year, but by the beginning of March sales figures were already back at the level of 2020. Timo Weibel continues to look ahead positively: “The number of inquiries is at a record high and many customers are waiting in the wings, so to speak. Due to the low incidence figures on the island, they hope that the general situation will continue to ease in the coming weeks and that travel can be possible without quarantine and testing obligations.” The Homes & Holiday board expects that with normalized travel, vacation homes and apartments – after a difficult 2020 – will also be in high demand again in the current year. The subsidiary Porta Holiday, which specializes in vacation rentals on Mallorca, should benefit from this. A positive intermediate step was taken last Friday when the Robert Koch Institute (RKI) no longer classified Mallorca as a Corona risk area. Contact: Press and image requests: Investor Relations & Financial Press About Homes & Holiday AG
15.03.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Homes & Holiday AG |
Theresienstraße 21 | |
80333 Munich | |
Germany | |
Phone: | +49 89 24 24 22 05 |
E-mail: | info@homes-holiday.com |
Internet: | www.homes-holiday.de |
ISIN: | DE000A2GS5M9 |
WKN: | A2GS5M |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich (m:access) |
EQS News ID: | 1175427 |
End of News | DGAP News Service |