What Makes Mallorca Property So Special?

With some of Spain's leading internet and real estateSpanish property recession and property prices did
companies selling more property in Mallorca than thefall but not nearly as much as the rest of Spain.
rest of Spain put together in 2010 you might beSo what about the future for Mallorca property
wondering what makes Mallorca property so special.during the rest of 2010 and beyond. I believe there is
On the face of it one finds it hard to fathom witha window of opportunity for people to still get a
real estate prices not being reduced nearly as muchgood deal but come 2011 I think you will start to see
as they are on the Costas of Spain. Mallorca is asmall price rises of 1% or 2%. The other interesting
relatively small percentage of the Internationalfactor in Mallorca is that its here where property
property market in Spain about 20% if you excludeinvestors are buying because they know unless they
Madrid and Barcelona which tends to be a differentare completely stupid they wont lose money and
type of buyer and market. So if you take somemost property investors that are around today are
national real estate companies figures Mallorca is outnot stupid.
performing every other area in Spain by at leastOther smaller factors that effect the Islands
three to one.popularity include is the fact it is known as the Kings
There are two major reasons for this in that MallorcaIsland because this is where he likes to spend his
to use a UK example is the London of the Spanishfree time and the diverse international make up of
real estate market. There just isn't the oversupplythe island with a large German, UK and Scandinavian
that you have in other areas of Spain and becausecommunity
of the strict planning laws applied by the BalearicSo my advice would be if you're seriously interested
government you don't have supply outstrippingin the islands real estate you should make that
demand. Obviously the market was affected by theinvestment some time during 2010.