DAVID Beckham is considering whether or not to go ahead with the purchase of a large estate in Majorca.
Meanwhile, a host of British celebrities are spearheading the flood of Britons buying homes on the island. It is believed Real Madrid star Beckham, who has apparently finally found a £5 million home for his family in Madrid, flew over to Majorca for the day, ahead of the Euro 2004 championships in Portugal, to look at an estate in Banyalbufar.
What is more, it appears that the England captain looked round one of the estates which belonged to Sir Richard Branson in Banyalbufar.
Branson wanted to develop one of the world's finest hotels on the secluded estate, but after years of fighting the local council and environmentalists, decided to sell up and quit the island. However, two luxury villas were built on the land and the estate was divided into four. One of these being the estimated two million euro, 3.300 square metre Son Valenti estate which, it is understood, was looked at by Beckham.
The latest new arrivals include Lord Andrew Lloyd Webber. He has recently bought a house in Deya and has become a regular visitor to the island.
The King of Clubs, Peter Stringfellow, has moved into a million pound home in Bendinat while Sky Sports presenter Richard Keys has bought an apartment in Costa d'en Blanes. Singer Suzie Quatro has also bought a coastal home in the same area.
And the list continues...top British actress Clare Sweeney is close to buying a house near the Casino while former Eastenders star, Sid Owen, is also apparently looking at a few properties. The foreign property market is booming in the Balearics, with 10'000 homes being sold to foreigners last year, according to Spanish financial newspaper Expansion.
Foreign property buyers spent 7.176 million euros in Spain last year on 134'000 properties, accounting for 40 percent of all foreign investment in Spain. What is more, last year's real estate sales figures represented a 50 percent increase in comparison to 2002.
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