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Mallorca Property Market News

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Grupo Drac, Mallorca's Largest Developer, Goes Into Administration

Grupo Drac and owner Vicente Grande, Mallorca's biggest property developer, sought protection from creditors this week in the biggest sign yet that the slowdown in the Mallorca property market is taking grip.

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Grupo Drac, Mallorca's Largest Developer, Goes Into Administration

Grupo Drac and owner Vicente Grande, Mallorca's biggest property developer, sought protection from creditors this week in the biggest sign yet that the slowdown in the Mallorca property market is taking grip.... More »

Mallorca Property Market Update June 2008

What is the latest news on the Mallorca property market and what are the prospects for the rest of the 2008 and 2009? ... More »

Mallorca Greens Calls on Affordable Housing Policy Review

The Mallorca ecology alliance, the GOB, believes that the Mallorca affordable housing problem can be solved using the existing housing stock and existing land designated for new development rather than reclassifying rural land as proposed by the current Autonomous Region Government for the Balearic Islands. ... More »

Mallorca Planning Permission Delays

The Town Hall in Llucmajor, Mallorca is the latest to confirm a bottle neck in the processing of planning consents over the last 12 months... More »

No Free Fall in Mallorca Property Prices

The price of property in the Balearic Islands increased by 4.2% over the last 12 months according to the Spanish Ministry of Housing.... More »