American buyers attracted by Mallorca luxury property bargains
American real-estate companies are establishing themselves on the island
Berkshire Hathaway Nova Mallorca on the Paseo Mallorca in Palma. | Photo: Jaume Morey
Palma18/02/2024 08:03
Davinia Caldés of New York-headquartered luxury real-estate firm Nest Seekers International reckons that Americans didn't used to know where Mallorca was, but that they have now located the island thanks to United Airlines.
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Peter PerfectOh, I think you'll find that squatting laws in most US states are very similar to here. Once they're in, it can take years to get them out. Personally, I can't even fathom how these squatter's protections ever made it into law --anywhere. It's legalised thievery, plain and simple.
The yanks can fuss up the Caribbean as much as they like but their attitude and culture as investors are not a good fit for a European island. It’s all about exploitation…hold on, isn’t that happening here already without them? Doh!
Little do they know what they are letting themselves in for. Wait until they get squatters in and see how that plays out in the American press.