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Michael Mahon-7925's Articles in Real Estate

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Menorca Real Estate Prices Set For A Price Crash After a drop in the number of visitors over the last three years, Menorca property prices have looked precarious at the best of times. With the recession many owners are facing up to having to cut their asking prices to achieve a sale in today's market conditions. The Slippery Slope of Holiday and Winter Home Buying Residential home sales are at a 50-year low. The number of winter home purchases is even worse. The first quarter of 2009 saw a 30 percent decline in sales as compared to last year's totals. Several recent polls have shown that even in a poor economic situation, consumers would cut back on unnecessary items to afford one holiday per year. 2008 Real Estate In Menorca Still Selling Getting on for a million tourists a year visit Menorca to relax, unwind and get away from it all. But why are so many people now buying property in Menorca despite the recession? Vacation Home Owners Could Beat Recession - Sometimes Having a holiday home abroad can be great - an investment that produces rental returns and an appreciating asset plus great holidays. But in times of economic woe you need to be careful where exactly you buy. Who Is Buying 2008 Spanish Real Estate? With a possible slow down in the European property market, who will be buying real estate in Spain in 2008?