Go Back  British Expats > Living & Moving Abroad > Europe > Spain
Reload this Page >

Majorca - Property Prices

Majorca - Property Prices

Closed Thread

Old May 22nd 2005, 9:03 pm
  #1  
Forum Regular
Thread Starter
 
Joined: Apr 2005
Posts: 172
mrcusa has a brilliant futuremrcusa has a brilliant futuremrcusa has a brilliant futuremrcusa has a brilliant futuremrcusa has a brilliant futuremrcusa has a brilliant futuremrcusa has a brilliant futuremrcusa has a brilliant future
Default Majorca - Property Prices

Have just returned from Majorca and have found that property prices in the South West part of the Island seem to have gone through the roof in the last 12 months.

Is this going to continue?

Any thoughts on whether it is better to buy now or wait?

Thanks

Martin
mrcusa is offline  
Old May 22nd 2005, 9:46 pm
  #2  
BE Forum Addict
 
TheArmChairDetective's Avatar
 
Joined: Mar 2005
Location: Here,there and everywhere
Posts: 2,595
TheArmChairDetective has a reputation beyond reputeTheArmChairDetective has a reputation beyond reputeTheArmChairDetective has a reputation beyond reputeTheArmChairDetective has a reputation beyond reputeTheArmChairDetective has a reputation beyond reputeTheArmChairDetective has a reputation beyond reputeTheArmChairDetective has a reputation beyond reputeTheArmChairDetective has a reputation beyond reputeTheArmChairDetective has a reputation beyond reputeTheArmChairDetective has a reputation beyond reputeTheArmChairDetective has a reputation beyond repute
Default Re: Majorca - Property Prices

Originally Posted by mrcusa
Have just returned from Majorca and have found that property prices in the South West part of the Island seem to have gone through the roof in the last 12 months.

Is this going to continue?

Any thoughts on whether it is better to buy now or wait?

Thanks

Martin
If you can afford it buy now.
Waiting will only confirm your own suspicions.
TheArmChairDetective is offline  
Old May 25th 2005, 11:56 pm
  #3  
Forum Regular
 
Joined: May 2004
Posts: 85
jaldridge is an unknown quantity at this point
Default Re: Majorca - Property Prices

It's probably a good time to jump on the band wagon. Prices are unlikely to go down in such a sought after area.
jaldridge is offline  
Old May 26th 2005, 2:10 pm
  #4  
Forum Regular
 
Joined: Feb 2005
Posts: 83
svenskidoo is an unknown quantity at this point
Default Re: Majorca - Property Prices

Prices in Mallorca never seem to drop. Whilst the Germans come and go in their masses (depending on how good or bad their economy back home is) there are always plenty of people looking to buy.

If you haven't done so already, have a look at the North side as well. Pollensa, Alcudia etc.
svenskidoo is offline  
Old May 30th 2005, 9:41 am
  #5  
Forum Regular
 
Joined: Apr 2005
Posts: 101
accommodation-in-spain is an unknown quantity at this point
Default Re: Majorca - Property Prices

Majorca/Mallorca is a gorgeous island and has so much to see. If I had the money I would buy there, as long as it is a long term investment you should be fine. Rentals may be hard to get though so make sure you don't need too many weeks rent to pay for a mortgage if you are getting one.

My parents bought there years ago and we go every year and never get bored of the place (we do go to other places too but Mallorca does have something special). Pollensa is lovely and also the south-east is gorgeous too.
accommodation-in-spain is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Contact Us Archive Advertising Cookie Policy Privacy Statement