Spain's old windmill is transformed into a luxury residence.

Did you ever dream of owning a historic estate in Spain? The Spanish peninsula and islands are packed with rustic farmhouses, old castles and other renovated properties. Why not consider an alternative type of historic house if you are on the market for a property for renewal in Spain. pearlqa

Here is an excellent example of a Spanish type of property that will certainly fulfill your dreams. This windmill on Mallorca Island is actually another place to live, traditionally Spanish. You certainly load on windmills like Don Quixote, but have a mind to buy rather than attack!

The cozy mill is over 100 years old, but completely renovated and renovated. With a small capital and a whole bunch of creativity and imagination, it is easy to turn a listed building like this into a welcoming luxury home in the sun.

The building has a built surface area of 585 m2 and a surface area of 6,300 m2 spread over two separate buildings: the principal building and the guest house. The main house overlooks Santa Eugenia, Mallorca and has a living room, dining room, kitchen, three double rooms, one with an en suite bathroom, another bathroom and a work room.

All this stands on a huge lot of land about 3,300 m2 transformed into a designer garden with a swimming pool and a big manmade pond and recently sold for EUR 1,95 million on an idealist. It only demonstrates that there is a market for every dream house out there, and if you want to make a little DIY, dirty your hands and build a historical traditional building in Spain, you might also be living in a windmill in the Balearic Islands!

Property transactions meet expectations and conclude the largest (recent) annual increase in history

According to data from the Spanish National Institute of Statistics (Instituto Nacional de Estadística or INE) in 2017, property transactions in 2017 were far above 450,000 transactions. An interannual increase of 14.6 percent in property purchases and sales was the largest increase in the historical series started in 2007. After several lower sales, there was a chain of increases. Moreover, since 2008, when more than half a million operations were closed, not as many houses were sold.

The levels of real estate transactions were the best since the historical downturns of 2013 at the end of 2017. In four years, they went from just over 300,000 transactions to more than 450,000 sales last year, a 48.5% increase according to INE.

The 32,211 transactions registered in the respective Spanish Land Registries in December brought the total year-end to 464,423 sales in 2017, 14.6% higher than in 2016. This is the largest increase in the historical series since the INE started to maintain statistics in 2007.

"The statistics for this year have exceeded all expectations, going back to the level of operation we had in 2009," Fernando Encinar, head of idealist research, explains. The industry was able to overcome the rough patch of the Catalan crisis, with transactions growing from 20% in June to 13% at year-end. The fact that new buildings are growing again is an unambiguous sign of the sector's good health, although in areas of higher demand the numbers still are fairly modest."

The sales of second-hand homes during 2017 by type of property were more than 380,000 transactions, or 82.1 percent. The final figures show that transactions are 15.4% more than in 2016, which is 5 consecutive years of growth but also shows some restraint as this is the smallest increase since 2013.

With regard to new buildings, the data show a six-year bad break and growth of 10.8% in 2017 compared to the previous year, with 83,260 sales of new buildings. This accounts for 17.9% of total operations last year, a long way from the 325,000 new houses sold in 2007.