Discover what 2023 meant for Portal Menorca: a year of consolidation of our model and focus oriented on meeting the needs of our clients. From the precision in our valuations to the diversity of buyers, immerse yourself in a journey of success and excellence.
The year 2023 has witnessed an impressive performance for our real estate agency, marked by figures reflecting sustained growth and a highly efficient market positioning. With a total of 149 transactions carried out, we have reached a significant milestone in an uncertain and changing year, demonstrating the effectiveness of our resources and strategies. But beyond the numbers, these data reveal a story of success and trust in our team and the quality of our service.
Total Deed Value: Driving the Market
One of the highlights of our performance in 2023 is the impressive total deed value, reaching the interesting figure of €55,000,000. This achievement not only reflects the strength of the real estate market on the island, but also the trust placed in us by our clients. Furthermore, with an average sales value of €366,000, we demonstrate our commitment to offering quality properties that meet the needs and expectations of our clients.
Valuation Accuracy: A Seal of Excellence
One of the most revealing metrics of our success is the deviation of the sale price versus the initial valuation. With a deviation of 1.79%, we can proudly affirm that our initial valuations are highly accurate and in line with the final market reality. In many cases, we have even managed to sell properties above the resulting value of the initial valuation, which speaks to the quality and experience of our team of real estate experts.
National Diversity: Attracting International Buyers
The real estate market is a melting pot of cultures and nationalities, and in 2023, our agency has witnessed a wide diversity in terms of the nationality of buyers. With Spain leading the way representing 60% of the total operations, followed closely by France and England, which together account for 32.23%, we have seen a surprising emergence of buyers from other nationalities such as Germany, Italy, Poland, and Belgium. This diversity is a testament to the global appeal of our island, our properties, and the trust we inspire in an increasingly polarized international clientele.
Property Typology: Adapting to Market Trends
In terms of property typology, flats and apartments continue to be the most demanded products, but the most notable growth has been in operations related to chalets and country houses compared to the previous year. This change reflects a trend towards the search for more spacious spaces and unique living experiences, a demand to which our agency has responded with a diversified portfolio tailored to market needs.
Reason for Purchase: More than an Investment, a Lifestyle
Finally, the reason for the purchase of our properties reveals an interesting panorama, where a quarter of the operations are intended for use as a primary residence, while the rest correspond to second homes or purely financial investments. This distribution reflects not only the diversity of our clients’ needs but also our ability to adapt and offer personalized solutions that go beyond the real estate transaction, embracing a unique and satisfying lifestyle.
In summary, the year 2023 has been a year of success and growth for our real estate agency. With a focus on excellence, precision, and customer satisfaction, we have not only achieved, but exceeded our goals and expectations. Looking to the future, we are committed to maintaining this efficient market positioning, offering quality services that transform the experience of buying and selling properties.