allorca real estate has
been popular for several With the increase in visitor
decades now, with many numbers, property demand should
Europeans who have holidayed on in theory be good.
the Spanish island deciding to
buy a second home for holidays, a Cheap Mallorca flights have been
business, or for retirement. running for some years now, and
even with increased air tax in
Prices have risen on the island the UK, Mallorca is easily
as buyers - mainly British and accessible from more than a dozen
German - have moved in, but there airports in the UK for property
are mixed signals coming from the owners and tourists alike, with a
property and tourist sectors, flight time of under two hours,
which could see a freeze in allowing a market for weekend
Majorca property inflation, and homes for overseas property
possibly even a dip in prices in buyers.
the near future.
Although one of the earliest
Official figures for Majorca package holiday destinations with
holidays this year indicate an companies like Thomas Cook,
increase in tourist numbers by Mallorca has had new competition
between five and seven per cent. in recent years from the former
And it is from the pool of Soviet Bloc countries in Eastern
holidaymakers where property Europe, that are now able to
sales often happen a few months offer cheap holidays to the
later, as some visitors like the British market, and for the
island so much they decide to property market countries like
look into buying an apartment or Croatia and Bulgaria have been
villa, with some even retiring to able to offer apartments and
the island, or buying a business. villas at a fraction of the price
Majorca can offer. and rendering the map of Mallorca
unrecognisable in years to come.
In response, the island has
fought back showing it's not just With encouraging tourist figures,
the Mallorca weather that Mallorca hasn't been resting on
attracts property buyers, but a her laurels. This summer's
well established market with the SuperCup yachting event has seen
infrastructure in place to the appointed of an experenced
protect overseas investors money. race organiser, in an attempt to
make the event more high profile.
Mallorca
Weather Forecast Similarly, neighbouring island
Minorca is hosting a Classic
Any slow down or possible Yachts weekend, with entrants
reversal of property prices could expected from across Europe, with
be welcomed by the local Majorca the event boosting occupancy for
population. Majorca hotels.
They have seen the price of Of the three Balearic Islands,
property in Majorca escalate, and Ibiza comes top for spending per
many have been priced out of tourist according to official
buying their own home. recent statistics, reaching
nearly a hundred Euros a day per
This has led to some protests, tourist, with Majorca second, and
with a demonstration against Menorca third.
plans for more development in
Mallorca being held earlier in Current prices for property in
the year, with the belief that Mallorca include brand new 2
developers will destroy what is bedroom 2 bathroom apartments in
left of Majorca's open spaces, Puerto Pollensa at 285,000 Euros,
a country house with its own pool its own pool at 900,000.
at 1,500,000 Euros, and a three
bedroom three bathroom villa with
About the Author:
YourMajorca.net offers travel and business details for Alcudia Majorca information, and includes holiday information with flight and holidays company Thomson Holidays.
Read more articles by:
Roger Munns
Article Source: www.iSnare.com 
