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Expatriate Insurance News: Balearics property revival underway

In news that might interest expatriate insurance customers, the Balearics Islands are leading the Spanish property recovery.

According to the latest data from the Public Works Ministry, the islands saw a 14.5 per cent increase in property sales in 2010 compared to 2009.

This comes as the whole of Spain reported a year-on-year increase in sales of 5.9 per cent last year.

2010 marks the first year in three in which the country's property market has reported a growth.

Ignacio Osle, sales and marketing director of Taylor Wimpey de Espana, commented on the news: "Over the past 12 months we have seen buyer interest in the Balearic Islands, especially Majorca, rise steadily.

"The largest Balearic Island offers something for everyone from amazing sandy beaches to stunning scenery, idyllic coves, traditional architecture and wide range of sports and leisure activities."

However, people might want to double check that they have expatriate health insurance policies in place before participating in some of the more adventurous activities on offer in the Mediterranean country.

Moving abroad? Get a free quote for your international medical insurance online.

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