Granted, the weather may be different, but for most people money is hard to come by and the new generations in the Balearics cannot afford to buy their own home and most of middle-England would think twice about Majorcan property prices.
While there has been a rival in the British second-home market in Majorca, France is still the favoured destination - a country cottage can still be found in good condition at around the £30'000 mark - and mainland Spain, both north and south is proving increasingly popular. 24 per cent increase in property prices! now's the time to sell my house and move to the mainland, was how one expatriate homeowner responded yesterday.
As they say, what goes up must come down, but in the property market sometimes the down is accompanied by a large crash as the market would have decided to move elsewhere where the majority can afford to live.