The Spanish property market in this 2011 registered a sharp rise for the first time in 3 years, according to the Ministry of Public Works, this recovery is being led by the housing market in the Balearic Islands.
Luxury properties is also growing, and many financial analysts agree that 2011 is a good year to invest in Mallorca as luxury destination.
This increase is strongly influenced by the recovery of the German economy, and the island of Mallorca is increasingly observed, along with the traditional English tourists, investors and tourists from Germany, Russia and Switzerland.