Mallorca(Majorca) Property: Forecasts for 2008Ifyou have kept up with any reports in the overseas property press, the generalpicture for Spain as a whole is of a slow but steady fall in property price inflation, whichsuggests a soft landing for the Spanish property market after a decade-longboom. However,there are local differences and unlike parts of mainland Spain, Mallorca has notnot suffered from an over-supply of speculative builds, therefore demand,especially for quality mallorcaapartments, is in balance with or exceeding supply. Coupledwith the lack of good plots (particularly in the south west) and restrictions onlicences, prices for quality property in sought after locations are still likelyto rise 7-10%, depending on area.
