United's New York flight said to have led to a 300% increase in luxury property sales

United's New York flight said to have led to a 300% increase in luxury property sales
By Andrew Ede

According to the CEO of Berkshire Hathaway Home Services Nova Mallorca, Jorge Forteza, the successful launch this summer of the United Airlines direct route from Newark-New York to Palma, has resulted in growing American interest to buy properties in Mallorca. "We have experienced an increase of up to   425% in respect of visits to our properties by clients from the United States. The flight is a success for us."

He adds that Mallorca is "an exceptional place in which to establish a second residence and, in some cases, a main residence". Clients from the US "are in a favourable position given the parity between the dollar and the euro". The United service "is an opportunity for the luxury real estate market, as sales have risen by around 300% in 2022".

* There isn't an indication as to what 300% is measured against.

October 15, 2022 at 11:50AM
via Mallorca Daily Bulletin read more...