Corporate | 15 March 2021 09:00

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
15.03.2021 / 09:00
The issuer is solely responsible for the content of this announcement.

Homes & Holiday AG: Real estate brokerage business on the Balearic Islands develops positively even during the pandemic

– Property sales up 11 percent, total commission up 8 percent
– Online viewings in strong demand
– Positive outlook for 2021

Munich/Palma de Mallorca, March 15, 2021. Real estate on the Balearic Islands is in demand even in times of crisis. The brokerage company Porta Mallorquina Real Estate benefited from this in the Corona year 2020. The subsidiary of Homes & Holiday AG (ISIN: DE000A2GS5M9), which specializes in vacation properties on the Balearic Islands, brokered houses and apartments worth over 65 million euros in 2020. This was eleven percent more than in the previous year. The most expensive property sold was a villa in Andratx, which changed hands for 6.8 million. The commission volume for property sales rose by a total of 8 percent.

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
From June to October, the brokers were then fully occupied with viewings or notary appointments. In the third and fourth quarters of 2020, a good two-thirds of the total volume was securitized. To offer owners and prospective buyers even more service on site, Porta Mallorquina opened another location between Santa Ponsa and Portals Nous. This means that Porta Mallorquina Real Estate is once again represented with eight locations on Mallorca. In the medium term, at least two more real estate offices are to be added. The market potential for this is there.

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:
Homes & Holiday AG // Theresienstraße 21 // 80333 Munich // https://www.homes-holiday.com

Press and image requests:
Ulrike Eschenbecher// Tel. +49 171 753 2610// Tel. +49 89 2060 2138 // ulrike.eschenbecher@homes-holiday.com

Investor Relations & Financial Press
Fabian Lorenz // Phone +49 221 29 83 15 88 // ir@homes-holiday.com

About Homes & Holiday AG
The Homes & Holiday AG is based in Munich and and was the first franchise system, together with its subsidiaries Porta Mondial, Porta Mallorquina and Porta Holiday, to specialise in holiday real estate. Within an integrated business model the group offers all services including classic real estate brokerage (Porta Mondial/Porta Mallorquina), holiday rental (Porta Holiday), and property management (via external service providers). Thereby the group concentrates with its locations, on the Balearic Islands, Europe’s most attractive real estate markets.

15.03.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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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

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