House hunters who come to the lovely island of Mallorca looking for bargain property for sale are often taken back by the sheer number of bargain properties appearing on the market. This is mainly due to the downturn in the Spanish economy where many Mallorcan properties have been repossessed by the banks. The good news is that you can now find tremendous property bargains when looking for property for sale in Mallorca.
The truth is, in previous years, you would have needed quite a lot of money saved up to be able to afford your little place in the sun. But not now. Property experts reckon that house prices in Mallorca have fallen to one of their lowest levels, but are now beginning to increase in price as the economy improves.