Palma.—This week First Mallorca released its 2013 real estate sales statistics confirming two important positives. Firstly the confidence in the Majorca Real Estate product has substantially improved from uncertainties created by the earlier banking crisis and the oversaturation of the already declining mainland Spanish property market.
Worldwide even a poorly research buyer now understands the Majorca property market is far removed from the mainland Spain product. In reality the two locations could be as far apart as Canada is to Australia.
In addition to the renewed confidence in the Majorca real estate market, we have experienced during 2013, more interest in the high quality product than in previous years and different price ranges and property segments performed differently.
Renewed confidence in local real estate market
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