In fact, the significant price drop only took place in certain segments, mainly those which are driven by Spanish buyers and at properties at the low end of the market.
Last year showed an increased demand especially from buyers in Germany, England and Sweden, which in turn led to a price increase. It also seems that investors have re-gained their trust which is noticed by the commencement of new luxury hotel & apartment projects.
The capital Palma de Mallorca, in particular, shows active Swedish investment in the investment & construction sector.
Because the obvious developments, one may conclude continious price increases, which suggests to look into the purchase of a dream holiday home rather sooner than later.
The islands diversity has made Mallorca for many years one of Europe´s most interesting holiday regions.
If you wish to receive more information, please do not hesitate to contact us.