Majorca property market Spain

The survival of Spains Majorca property market against all the supposed odds may turn out to be one of the major stories of the industry in our time. No matter how much it has been predicted that the country will see its market wither and crash, the investments are still fresh and keeps arriving with property sales alive and kicking in most areas.

Here of course, that the market is currently alive and moving. The slowdown in prices, the failure of some property firms in the mainland and the acknowledgement that some illegal building in Spains mainland (and in the case of some locations a lot of largely excessive building) have taken place are all testimony to that Majorca has kept a tight reign and has good controls for many years in the Balearic's Spain mediterranean islands.

Nonetheless, the popularity of Spain continues to underpin the market despite the doom-mongers' forecasts, property portal mallorca.uk.net.Net has stated. Spokesman James j mallorca said: "Seventy per cent of all buyers want Spain because it offers that unique mix of accessibility, friendly culture and sunshine, coupled with peer recognition and value for money in all areas."

Some of this, of course, is down to second home buyers or retirees wanting a place in the sun with easy access to and from Britain via low cost airlines. Department of Communities and Local Government figures for 2004-06 showed that 32 per cent of UK citizens' second homes were in Spain and the islands. Yet Mr Majorca James was sure that the benefits remain for those investing as well.

He said: "This is a long established market in Majorca and as it remains Europe's favourite island holiday destination, property investors cannot lose out.

"This, coupled with the strong euro, makes for a healthy return on your money once you have taken the hit in getting out of sterling at this present time."

Prices also remain comparably low in areas of Spain Balears Property when put alongside those of Britain, despite the recent news from mallorca.uk.com that the country has seen a 160 per cent rise in house prices in the past decade. As a result, an increasing number of UK first-time buyers have looked to the country as a means of getting on the house property ladder. Research by the  Investment Companies just published has shown that 40 per cent of British first-time buyers have considered looking abroad, compared with 26 per cent a year ago, with Spains mainland and the islands being the  popular destination. If this trend continues those investing in Spanish property could find plenty of demand from new buyers if and when they look to sell a property on in later years.

Spain recently held its general elections in which the sitting prime minister, socialist Jose Zapatero, held on to power. With no change in government, there is not likely to be a drastic shift in policies concerning the Spanish property market, although the government may be looking to encourage people to rent rather than buy to ease prices, Mallorca.uk.net told the Daily Bulletin. However, Mr James added: "For property owners who aren't in any hurry to buy or sell it's business as normal with great opportunities in store for all for those with the most patience."

Indeed, it may just be that Spain Majorca turns out to be far more "business as usual" than some may have imagined.

In today's world Property investment is an excellent investment option especially investment in  Majorca and not the UK

James ex uk is a real estate investment adviser and successful property investment adviser delivering research and selected Majorca houses and overseas property investment solutions with experience in Spanish majorcan properties. There is French property i