I can’t remember the numerous times which have heard the “I will look ahead to prices to drop” line and wanted to do shout “wake up and smell the coffee”. Unless the current financial crisis effecting significant world economies proves for indefinite then don’t expect prices to reflect this in Mallorca. In fact, whereas there can be a real estate crisis in the rest of Spain, the Balearic Islands and Barcelona were release two areas in Spain to have price increases in 2008. We simply don’t have a 500.000 property surplus here on the region as getting reported near the mainland.
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