Properties in Mallorca

I was speaking to a few of my colleagues over the last week, two in Spain and two in Majorca. The two in Spain were reporting a dismal summer in property sales, yet the two in Majorca were reporting brisk business.

Either story implies different economical situations. In Spain you may find vastly reduced property prices and in Majorca you’ll discover a solid market with few price fluctuations. Buying in Spain you may find a quick increase in property price over the next five years. Buying in Majorca and the price increase will be steady.

In five years your property price will be at its peak, so sell and you’ll have made a handsome profit. Keep it and the slump may return three or four years later as the property market ebbs and flows. Five years on in Majorca and the price may have increased by 5%; five years beyond that and it may increase a further 5 to 10%.

Either market you could find a property price increase. With Spain you’ll need to know when to invest and when to sell. With Majorca your investment is pretty much safe, with a gradual increase in investment.

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