Balearic property market 'picking up'

Euro currency exchange rates could prove important for people keen to get in on the Balearic property market.

According to Spain's National Statistics Institute, there has been an 18.4 per cent growth in the market over the past year.

In fact, 9,678 properties were sold in 2010, with forecasts suggesting that the trend will continue.

Investors keen to access the market before prices rise too much might want to look into moving money through an independent currency exchange broker.

This will allow them to access some of the most competitive currency exchange rates going.

Commenting on the improvement in the market, Jan Pratt from Shortcuts Property Search, said: "We have registered a marked increase in new clients and inquiries in the last three months, compared to last year at this time.

"Confidence seems to be growing and buyers who were waiting for the market to bottom out are now returning."

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Posted by Sarah Pitton