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Effects of the recession / credit crunch on Mallorca property market
August 31, 2009 // Posted in Mallorca property market (Tags: bargain, credit crunch, majorca, mallorca, market report, market update, price reduction, properties, property, property for sale, recession) | No Comments
If you have not already read them, and are considering buying a property in Mallorca, our bi-monthly market updates give an objective and impartial overview of the current state of play specifically with regard to properties in Mallorca.
They are intended to put the surveys, statistics and rhetoric into context and offer real help in making decisions about when to buy and how best to go about it.
The next market update is due in October. By then we will, hopefully, have more indication as to whether the recession is really “bottoming out” and what it means for property markets internationally and in Mallorca. Until then it the latest update (August Property Market Report) is proving to be an accurate assessment of what is going on in the market, and the previous updates in June and April offer a background and greater depth of understanding for those who are interested.
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