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 »

Euopean Inflation Hits 16 Year High

Eurozone inflation has been revised up to the highest level for 16 years and the European Central Bank's main concern now is that rising wage costs could add increasingly to the pressures created by soaring oil prices. ... More »

Spanish Property & Economy Update

The Spanish business school presented last week it's annual report on the Spanish economy putting forward another downbeat view of life both generally and specifically for the Spanish property sector... More »

Deutsche Bank Spanish Housing Market Report

A recent report from Deutsche Bank on the Spanish housing market and economic out look highlights the risks of Spain moving into recession in 2009.... 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 »