Mallorca Property Seeing Increase in Popularity

20 December 2010

There has been a rise in demand for property on the sunny Spanish island of Mallorca recently, for a number of reasons. Developers have reported a 50 percent increase in sales in 2010, compared to the previous year. This beautiful island is the most popular of the Balearic Islands and is a well known holiday destination. Mallorca is a yachting hotspot, and with amazing year round sunshine, stunning scenery perfect for hiking and cycling, great golf courses, lively nightlife and bars, and so much more. With all of the fun in the sun it offers its guests and residents, it's no wonder why Mallorca property for sale is getting attention lately.

Experts say that Brits are taking advantage of currency exchange rates when choosing Mallorca property for sale. Due to the fluctuations between the pound and the euro, many properties have fallen in value by nearly 25 percent. The real estate prices of Mallorca have been falling since 2008, and now they have hit bottom, making this the ideal opportunity to invest.

Many of the rich and famous have already chose to invest in Mallorca Property for sale, and enjoy the lifestyle of this laid-back island paradise. Claudia Schiffer, Michael Douglas, and the Spanish Royal Family all own homes on the islands. If someone who is rich enough to live anywhere in the world chooses Mallorca over all those other locations, that fact must show that Mallorca is very special and unique destination with a lot to offer its residents.

The increase interest in Mallorca property for sale is helping to strengthen the recovering property market here. Mallorca really holds the best of both worlds, because it has the exciting nightlife and restaurants of the mainland cities, but also the beaches and laid back atmosphere of an island.

Article Bio

Are you ready to invest in your dream holiday home? Contact Select Resorts today to find out about Mallorca Property for Sale.

 

Written By Natalie Windsor

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