Mallorca Property Partners June market update now online

Inevitably the focus of conversation about the property market in Mallorca remains on the effects of the recession. How bad is it? Has the recession bottomed out? Will prices go any lower? Are there good deals or property bargains to be had?

Overall our prediction remains that average prices for property in Mallorca will drop further through to the end of this year, possibly continuing into the first half of 2010. We do not however think this drop will be as high as in other parts of Spain (predicted to be 10% overall this year and 12% next year by analysts at BBVA - one of Spain's leading banks). The fact that there are active buyers in the market in Mallorca sets the region apart from most. And there are plenty of other solid reasons to set Mallorca apart from other parts of mainland Spain, the other Spanish islands, and most other international property markets too.

≈ For the full report and our advice on the best strategy to adopt in order to find the best properties in Mallorca at the best prices, please see : Mallorca Property Partners - market update June 2009