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According to this blog piece at the Telegraph by Anna Nicholas, citing a study by Chesterton’s, prime property prices in Mallorca could have risen by 40% since 2008.
I’ve also been told by various different sources that high-end property prices in Ibiza are up 20% to 30% since 2008, so up in the crash, not down.
I haven’t had a chance to investigate myself, so I’m not going to back up these claims. My first reaction is that it’s hard to believe.
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