According to PropertyShowroom portal, Mallorca has been described as "the perfect place" to invest in Spanish real estate by one travel expert.
Journalist and author Anna Nicholas explained homes in the island tend to retain their value, even when other areas are struggling.
This assertion is borne out by figures published earlier this month by Tinsa, which noted property in the Canary and Balearic Islands was among the most robust in Spain.
According to the organization, the two archipelagos saw real estate values slide by 8,8% between February 2012 and the same month a year earlier, while nationwide, house prices dropped by 9,5% in this period.
"The most desirable areas are north and south-west of the island, and fincas are usually the property of choice, although there are some excellent apartments on offer," Ms Nicholas stated.
She added that price falls have resulted in some of the most sought-after real estate on Mallorca "going cheap", which may act as a further incentive for potential investors.
Source: http://www.propertyshowrooms.com/spain/property/news/mallorca-perfect-place-buy-property_312023.html