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Luxury property market in the Balearics "in decline"
But the market more generally is being characterised by "luxury prices".
Andrew Ede13/09/2024 08:28 “Luxury house hunting” is the new tourist pastime in Mallorca
Spanish love looking round luxury houses, even if they can't afford them.
American luxury home buyers increasingly attracted to Mallorca's rural areas
And the Tramuntana Mountains appeal to a North American creative elite.
"Whether we like it or not, Mallorca is going to be the next Saint-Tropez"
"There is a great demand to live in paradise."
Luxury holiday homes in Mallorca have risen in price by 75% since 2015
"One of the most sought-after holiday destinations and real estate locations in Europe."