Frequently Asked Questions

Many people have an opinion on the current property market in Spain overall, however Mallorca and the Balearic Island are completely different to the mainland. Over the years the over development of South of Spain coast land due to relaxed planning laws for the main land meant there was an excess amount of properties being built, when in 2008 the financial crisis hit globally these properties of course were not sold and the majority still remain empty. The whole of Mallorca however is registered as an Island of outstanding beauty and has been protected accrodingly, meaing there are legal / planning restrictions on over developement and therefore the Island is not over developed, supply can be limited in bouyant time and price rise can be significant.

Points for referernce. 1) Telegraph  2) Spanish Property Insight 3) FT

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