Developers offering low prices on Mallorca as market starts to bottom out

[Nicholas Wallwork]

Developers of recently completed luxury property projects in*Mallorca are so desperate to sell and move on that they have*made huge price reductions to tempt real estate investors back*to the popular Spanish island, it is claimed.

Property price reductions and the opportunity to negotiate*deals could tempt back foreign investors, according to Jan*Pratt of Shortcut Property Search which specialises in real*estate in Mallorca, Barcelona and the Costa Brava.

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[rowlandsbb]

yes Cam Bank are very realistic with circa average 30% discounts on their sales properties and whilkst not a big selection in Mallorca there are some good deals and they will give loan to value 80% mortgages to non residents on their properties

info available on request

 

[rowlandsbb]

Sorry, forgot to mention that prices for CAM Bank properties start from 37.202 € for a 1 bed studio in Palma ! and you can also get for example a 2 bed in Mahon Menorca near port for 70.648 €

Sensible or cheap prices encourage markets to get moving again!