Majorca property has weathered the economic storm

Majorca is a beautiful island with an abundance of dramatic rocky coastlines and flora framed coves, and associated with cultural images of Chopin, Georges Sand and Robert Graves. These days it is just as well known for superyachts and celebrities. Michael Douglas and Catherine Zeta Jones have a home there and the Spanish royal family holidays on the island.

As a property destination, Majorca has largely avoided the full brunt of the Spanish economic downturn. Taylor Wimpey España comments “While some mainland properties are selling for 60 to 80 per cent of their pre-crises prices, geographical constraints and near nil construction overbuild helped us better weather the property storm.”

 

Read more: http://www.telegraph.co.uk/

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