Mallorca & Spanish Property Market Comment
Attached is an article written by specialist Spanish property market author and journalist Joanna Styles.
As the article makes clear the bare statistics of the market and the current and short term economic fundamentals make gloomy reading. That said with prices falling (or should we say values - see our article "Mallorca Property Values vs Asking Prices") opportunities are arising with the key all about "quality" - property and location.
At the national level Mallorca is regarded as a "premium brand" location, while on top of that within the Island there are some true gems - Deia, Valldemossa, Soller, Formentor and Palma Old Town, which while not immune from the outside world do offer investors a relativley safe haven for their money and an interesting portfolio diversification option. Furthermore beyond investment considerations are the much more subjective but no less important "lifestyle" factors we should never lose site of - we are here to "live and enjoy" and while financial fundamentals are critical (as Chartered Surveyors, valuers and investment appraisal specialists we are grounded in these aspects of the decision making process), so is life, and the "here and now"!
If you are considering buying a property in Mallorca and want the peace of mind of having along side you a senior property professional that can not only identify the best opportunities but can give you an independent and impartial view and opinion on every aspect of the investment process, please contact David Novi at info@mallorcarealestatesearch.com. See also our dedicated Mallorca Property Search site www.propertyfindersinmallorca.com.
Should you wish to reproduce any aspects of this article you should contact the author, Joanna Styles, at info@joannastyles.com
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