This year is proving to be a sellers market in the Balearic Islands off the coast of Spain. This aspirational archipelago is home to the best views in the Mediterranean and in demand with buyers.

The real estate market has shown prices staying steady, with a lower supply of homes on the market and with continued demand. Oversea buyers are attracted to the islands and have purchased many homes in recent years.

Figures as recent as March show property values are slightly declining, but declining at a rate much slower than the national average. The economic crisis that has hit Spain and other European countries seems to have affected the Balearic Islands less than other areas.

The area still attracts the rich and famous. The islands are one of the world’s most well known yachting and sailing destinations. Booming tourism dollars help to reinvigorate the economy and have kept the area stable.

The Balearic Islands are growing in popularity with British buyers, looking to purchase holiday homes or rent villas. Germans seem to be the majority of oversea buyers but British buyers are on the rise. Mallorca is a particularly popular island in the Balearic Islands, offering amazing views and excellent real estate options. Its airport saw more than 23 million passengers in 2011 and is a tourism destination for a wide variety of tourists.

Some experts say prices are merely adjusting to normal levels in the Balearic Islands, which very well could be the case, according to Kyero.com. The site also predicts prices will bottom out this year, which means 2012 is certainly the right year to buy. Mallorca is on the list of the most desirable places to live. As more and more land is snatched up, it becomes more in demand which keeps prices steady.

Low prices have driven many buyers from the EU to purchase villas in Mallorca and around the Balearic Islands. Homes have tended to hold their value and word has certainly spread that the islands are the right area to invest.

Homes are available not just for purchase but also for rent, throughout each island. Each island presents a great opportunity for buyers interested in investing in Mallorca properties for sale. Learn more about your property options by contacting a property attorney for listings. For more information about your purchasing options in the Balearic Islands contact us today!