Mallorca Property Partners.

Independent search for property in mallorca

FAQs on Mallorca and Property in Mallorca

7. I have heard property prices in Spain are falling. Is it wise to invest in Mallorca at this time?

The price of good properties in Mallorca is not falling. The rate of increase in prices has leveled out somewhat and it is likely the market will slow further as all property markets in Europe slow during 2008 and 2009.

However, the property market in Mallorca is distinct from that of mainland Spain. On the mainland there have been large areas of over-development and there is a larger stock of housing. Mallorca has always been more protected and recently planning regulations have been tightened still further. Beyond this Mallorca is a small island with a limited housing stock. It is also universally regarded as one of the most desirable places in the World to own property. So demand for good properties in Mallorca will always outstrip supply and this demand comes from all parts of the world, meaning the Mallorca Property market is not reliant on the prevailing economic situation in any one country or region.

With this in mind 2008 and 2009 will be good times to invest in Mallorca. The slow down that is predicted across the whole of Europe will be less apparent in the most desirable locations. And inevitably, when the slowdown ends the rate of price increase in Mallorca will accelerate again. Focus on the good areas and properties that are in good locations within these areas and you should be making a sound investment.

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