Reforms in Mallorca - Rejuvenate Old Architecture and Create New Areas of Business
As part of an ongoing series of "Eye opener" articles, we are going to explore some of the choices available to you as a homeowner or property owner looking to invest in or revitalise your property. The good news for residents looking to make an investment in their own homes in Mallorca is that, despite the economic recession, there is no real estate boom. However, there is a renewed sense of optimism throughout the island - and this article will provide an insight into how the residents of Mallorca are looking to capitalise on this period of renewed optimism. The key estate developers in Mallorca have identified two key areas where they see growth potential: the central business district (EDC) and the peripheral areas of the town and beyond. The key to both of these investments is the establishment of a functional commercial base and the construction of enough apartment buildings and shops to justify an additional set of rent houses. Many of these developments are being plan...