Mallorca property market 'to grow'
Mallorca is expected to be this year's most popular
Spanish destination among real-estate buyers, according to property
analyst forecasts.
Ignacio Osle, sales and marketing director of property developer
Taylor Wimpey de Espana, said that the Balearic island has proved
increasingly popular among buyers recently.
He added: "Over the last 12 months we have seen both visitor
numbers and enquires for property on Mallorca rise steadily."
As confidence in European property markets continues to recover,
it is hoped that more investors will increase their exposure to
Mediterranean real-estate.
Mr Osle said: "Buyers from the UK and Europe are not only
looking at the traditional property hotspots on the mainland but
further afield to Spain's stunning islands such as Mallorca."
Figures released by Spain's Public Works Ministry show that
property sales in the Balearics rose year-on-year by 145% in
2010.
Copyright Press Association 2011
