We complain about Majorca (and I am probably one of the biggest offenders) but what we must remember is that it is one of the most sought-after places to live in the world. In fact, people are queueing up to buy a Majorca home from across the globe. Recently, the island was rocked by reports that British and German residents were selling up and going home. But there continues to be a big influx of new residents to take their place.

The big spenders, with budgets to spend on homes in excess of five million euros, have Majorca in their sights. Real estate agents say that there will soon be a shortage of homes to buy on the island of the necessary standard. It has now become a seller's market, rather than a buyer's. I am also pleased to report that Brexit and the drop in the value of the pound has not hit the British market at all. As one real estate agent told me yesterday, if you have millions of euros in the bank you are unaffected by most things. Many British buyers are in fact looking to spread their investment, so they do not have all their eggs in one basket and Majorca will benefit.

The weather may be poor at the moment and if you look out the window it does appear to be rather grey, but remember you are living in one of the most sought-after places in the world. Property continues to be a good investment to buy in Majorca.

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Tom / Hace 9 months

If your thinking of buying in Mallorca, buy now, because once the UK is free from The EU trade constraints companies like mine and many others will generate new wealth for owners and employees, enabling more Brits to buy on this fantastic island. Unfortunately this could result in a house shortage and rising prices.

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MelB / Hace 9 months

Another insipid editorial, full of indecisive comment. State the basis and source (s) for your comments. This is just more of your regurgitated lazy journalism. Residents of this island deserve better.

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Richard Pearson / Hace 9 months

Jason, with all due respect, you make Mallorca sound like Monaco, Mayfair or Miami Beach. As Mr James has quite rightly said, for those on low paid temporary jobs, low pensions ( God help them if and when inflation and interest rates starts creeping up ) and others who, even with a relatively decent job and salary struggle to bring up and educate children, the harsh reality is quite different.

Go and live and work in London for a few months and you will see what I mean.

In other words we are not all millionaires who would only consider buying properties in the seven figure range.

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Henry James / Hace 9 months

What an appalling,selfish comment:The simple fact is that are the present price level,most locals will never be able to afford to buy a house,especially when most are on fairly low salaries or do not have work for the entire year. Your comment smacks of the "I'm alright Jack" attitude,do you really like living on an Island where most of the locals will never be able to afford to buy a home.?

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