10/01/2015 00:00
Spanish property portal Nuroa.es reported yesterday that over the past three years the average prices of properties in Palma has fallen by 19.11 percent.
The two main reasons has been the vast amount of unsold properties which have built up leaving banks with a lot of ‘stock’.
However, the portal said that this is a good time to move into the Palma property markets with prices bottoming out.
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