The rather good First Mallorca September 2012 market report. For this and other past reports please see www.firstmallorca.com
Briefly, their September 2012 report suggests Mallorcan Real Estate is a safe haven for investors. It discusses the good weather on the island and easy access from Europe.
It suggests the Spanish, then Germans, closely followed by the Brits, are the main property owners in Mallorca, with the Germans and the Brits being the principal purchasers.
Interestingly, negotiation margins are at a whopping 11.54%, implying offer prices are high and purchasers should not be afraid to put in a low offer…
