Should you buy property in Mallorca / Spain? +++ News, Facts, Laws, Taxes and Rules in Mallorca

Since the Spanish housing market collapsed in 2008, an oversupply of residential properties has remained unsold or returned to the market due to foreclosure and prices have plummeted. Spain’s economy, however, is slowly improving and property prices are showing signs of recovery of 1–2%. Although property values are not expected to reach pre-crisis levels until Spain’s housing oversupply is absorbed, the OECD reports Spanish property is undervalued by 26%, making Spain a cheap place to invest. Read our articles and information about investments on the beautiful sunny island Majorca.