Browse Topics
Tools
Editor's choice

Berlin noise: November’s hottest concerts

Talking vernissage: New buildings, old buildings

In Focus: Get the story behind the story

English theatre in Germany: The fall edition

Her-stories and she-roes: Of struggle and success

Across the border: The best stories from Greece to Norway

Dancing in Deutschland: German Festivals in 2009

Expat Voices: Graeme Collins on living in Germany

The Klassical Junkie: Paying Tribute to Berlin

Looking back: Remembering World War II

Internaxx Stock Market
Index Last Var.(%)
BEL 20 2119.3 0.50
DAX 5252.45 1.50
IBEX 30 10726.8 0.59
CAC 40 3377.59 1.40
FTSE 100 4564.5 0.79
AEX 276.85 0.95
DJIA 9096.72 -0.13
Nasdaq 1975.51 0.39
FTSE MIB 20341.67 1.65
TSX Composite 10570.54 -1.74
ASX 4148.9 -0.60
Hang seng 20135.5 -2.37
Straits Times 0.00
ISEQ 20 442.48 0.27
You are here: Home Life in Lifestyle Trouble in paradise

21/07/2004Trouble in paradise

The biggest expat community on Majorca has traditionally been German, but the recession at home has forced many to think of selling up. Is this the end of the German love affair with Majorca?

Germany's Majorcan dream of paradise: white sandy beaches and endless blue skies

For Marina Hirsche, a German estate agent working in Majorca, the tide has turned.

The past three years saw a change in the property market on the island, which was once dominated by buyers from her own country.

A crackdown by Berlin on tax cheats investing in overseas property, combined with three years of economic stagnation, however, either deterred Germans from investing in that second home in a quiet Majorcan village or made existing residents think of selling up.

"Now I would say in the past two or three years, 80 percent of buyers were British and they are buying the more expensive houses," says Hirsche, of  Profi Konzept estate agency in south-west Majorca.

"I think there was some insecurity in the market amongst Germans," she said.

However, Hirsche believes that in the last six months, as things at home have slowly started to pick up again, German buyers are returning. Some observers also point to the boom in budget airfares as helping to underpin new interest in Majorca.

Jan Westwood, of home buying agency County Homesearch, agrees; she thinks the much-vaunted exodus of Germans was no more than a "storm in a tea cup".

She believes the market has stabilised and more Germans are coming back to buy now in what is often called Germany's 17th state with the island fitting the German dream of paradise: long white sandy beaches and endless blue skies.

But then, Germany's colonisation of Majorca has been underway for some time, raising concerns among some Majorcans about the 'Germanisation' of their island.

Germans already own about 60 percent of the island's holiday homes with about 100,000 living permanently on the island. Others, including super-model Claudia Schiffer, former tennis champion Boris Becker and Formula One star Ralf Schumacher have secondary residences or holiday homes on the island.

0 reactions to this article

Inside Expatica
The ABCs of the German school system

The ABCs of the German school system

Trying to size up the education system is one of the hardest things facing those embarking on a foreign posting. We set out what you should know about German schools and daycare.

How to move to Germany legally: visas and citizenship

How to move to Germany legally: visas and citizenship

Want to move to Germany but haven’t figured out the details? Check out Expatica’s overview of the German visa and citizenship system.

Taking your pet on assignment

Taking your pet on assignment

When moving abroad, the owner must make an informed decision as to whether their pet is up to the trip. Here’s an overview of the factors involved.

Looking for work in Germany: The in depth version

Looking for work in Germany: The in depth version

Moving to Germany but still searching for a job? Check out Expatica’s comprehensive overview of the ins and outs of employment in Germany, including information on how to find work, recruitment agencies, employment contracts and labour law.