Mallorca Property Market

19 Mar 2011

The Mallorca property market right now is the least active of all the major overseas property market in Spain

Last year Spanish Hot Properties had a truly wonderful year in Mallorca by being able to put buyers and sellers together because in the main buyers of Mallorca property were much more savvy than buyers in other parts of Spain and knew when they had a great deal.

So far in 2011 the majority of the clients we have had have unrealistic expectations about what they can buy for their money and completely fail to grasp the different situation that separates the Mallorca property market from that of the rest of Spain with supply and demand being a major factor. All you have to do is go on all the bank repossession sites and see how much property is for sale in Mallorca. The truth is very little because you don’t have the over build that you have in the Costa’s of Spain.

However as always the clients who are savvy in Mallorca are picking up some great deals and whilst there may be less of these clients at present we are sure these people with get what they want if the deal with Spanish Hot Properties.

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