| In 2008, when the rest of the world is coming to | | | | Mallorca, which is now 791,000. Why is Mallorca real |
| terms with recession and slowdown in the real estate | | | | estate so popular? |
| markets, Mallorca real estate is seeing stability. | | | | There are many faces of Majorca and one of them |
| Majorca as it is sometimes known is one of the most | | | | is natural beauty accompanied by therapeutic |
| important Balearic Islands that offer some stunning | | | | experience. Imagine having a home on a cliff that has |
| properties in the form of cottages, apartment, single | | | | mountains dominating on one side and the clear blue |
| owner homes, and sprawling villas. It is a dream | | | | sea on the other. There is no dearth of flora and |
| destination for several Europeans with 70% of the | | | | fauna in Mallorca and above all, there are no eye |
| investors being Germans. | | | | sores on the entire island. If you are planning to buy |
| The demand for real estate property in Mallorca | | | | a home in Mallorca, then one of the salient points is |
| continued through 2007 and is still there as we stand | | | | that the cost of living is low and there is a lot of |
| at the end of 2008. If you are planning to buy a | | | | activity that you can be involved in. You can laze |
| home in Majorca then there are several benefits you | | | | around in the sun or take a dive in the ocean to get |
| can derive apart from the fact that the price tag is | | | | to close to the exotic marine life. You can spend |
| not as high as you would expect from an island that | | | | your weekends playing golf or take your family for a |
| has so much to offer. As of date, there are 54,000 | | | | beach adventure. |
| EU residents including 19,623 British investors and | | | | The most popular property type in Majorca is |
| home-owners who have brought properties here and | | | | apartments and they are available from EUR100,000 |
| have settled down as well. The permanent foreign | | | | to EUR700,000. Each apartment in Mallorca has its |
| community in Mallorca is 16.8%, which is the highest in | | | | own charm and is situated in the best possible locale |
| Spain and includes people from the UK, France, | | | | so that you can enjoy the true essence of this |
| Germany, Italy, and South America. As a result, there | | | | Balearic Island. |
| has been a 31% increase in the overall population of | | | | |