Mallorca Properties: Mallorca property market steps up a gear

July 21, 2009 - PRLog -- The market for properties in Mallorca has become very busy over the past couple of months. No doubt this is accounted for in part at least by the usual seasonal uplift from Easter through to September. But does this increase in activity show signs of a more general improvement in the property market in this sought-after location?

If you ask estate agents in Mallorca whether the property market is finally on the up again you'll most likely get a mixed reaction. Opinion appears to be clearly divided between those who think the effects of the recession are history and those who believe it is not. There is however more generally agreement on one point - that there are a lot of people interested in properties in Mallorca at present and that sales are being made.

Whether this is indeed an early indication of an economic revival is not clear. In a more general context there has been much talk of green shoots in the global economy although this has waned somewhat of late. Whilst there seems to be a general acceptance that things might be "bottoming out", the road to recovery is going to be long and hard.

The state of the Mallorca market is perhaps not so difficult to understand. According to Mallorca Property Partners' Kevin Reeves " ... throughout the latter part of last year and the first part of this year people were far too unsure how bad the recession would be, how long it would last, to make serious commitments like buying properties. Property markets throughout the world basically froze, just like the supply of credit that fuels them ... even people who don't need credit put everything on hold. The state of the global economies now is hardly positive, but people have regained enough confidence to get on with things where possible, so there is movement again in the market in Mallorca and, no doubt, elsewhere."

Mallorca Property Partners (http://www.www.mallorcapropertypartners.com) are a specialist Mallorca Property Finder service (http://www.mallorcapropertypartners.com/mallorca-property...) so they have an unusually broad perspective of the Mallorca property market as a whole. Reeves adds "... whilst asking prices might not have moved so much in Mallorca, there are some seriously good deals to be had, making this a very interesting time to buy. The underlying influences on the property market here are still very strong and there is every indication that the market for properties in Mallorca will be one of the strongest once the global economies do eventually start expanding again."

If you are interested in the property market in Mallorca look out for Mallorca Property Partner's more detailed bi-monthly market review due out early in August. You can also contact them via their website or direct by email at : info@mppsearch.com.

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