Mallorca Is Still The Jewel In The Crown Of Spanish Property
With the news that Mallorca property is selling and selling better with less discounts
than those properties in the Costas of the Spain the obvious question is why are Mallorca Villas selling so well? In reality Mallorca is the London of the Spanish real estate market and has some major investment fundamentals that you just don't find in other areas of Spain with the possible exception of Costa Brava. However Costa Brava can't compete with Mallorca for all round year weather. The fundamentals in question are the fact there is virtually no oversupply of properties on the island unlike you see Costa del Sol and especially Costa Blanca. Also it probably has the best international appeal of the whole of Spain with a very large German property owner group along with Scandinavians and obviously the largest amount being the UK citizens. The reality for investors is when property prices start to rise again they will probably rise in Mallorca before anywhere else and the current market still offers some great opportunities for those who would like to buy Mallorca Villas now. There are still some very good Spanish bank repossessions to be had but most importantly if you can located the buyers who have their Mallorca Villas priced to sell then you have every chance of making a great deal. So if you're thinking of buying in Mallorca please make sure you use an agent you feel you can trust and understands the local market but most importantly has your interests at heart and has a proven track record of putting buyers and sellers together.
Mallorca Is Still The Jewel In The Crown Of Spanish Property