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The Mallorca property market is expected to undergo a “top-down recovery” in 2012, it has been suggested. According to Sotheby’s International Realty, the high-end homes for sale on the island have performed relatively well this year and this is expected to continue next year. Stephen Dight, Managing director of the organization commented:  “We expect a top-down recovery, that is to say continual improvement in the top-quality end of the market with a trickledown effect spreading to the lower priced property.”…

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The sales of residential property in Spain dropped radically during the second quarter of the year, compared to the same period in 2010. Recent figures from Spain’s National Institute of Statistics showed a 40.8 per cent fall in the level of  Spanish property sales which is followed on from a 30.4 per cent decline in Q1 of 2011, compared to a year earlier, according to AFP report published on Expatica.  From April to June, 90,000 homes were sold and there…

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Investors seeking a bargain should turn to the Spanish real estate, one sector commentator has noted as there are “some outstanding bargains to be found” in the country. Adrian Warriner, Managing director of Spanish-Living.com explained that this is the ideal time for buyers to jump in as in some of Spain’s coastal areas, price falls have been substantial. He suggested Costa del Sol, where property prices have plummeted by ten per cent this year alone. He highlighted other locations such…

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