More tourist arrivals 'may boost mallorca property market'

The market for property in Spain may be boosted by increasing numbers of tourists touching down in the country.

According to managing director of Mallorca Sotheby's International Realty Stephen Dight, rising numbers of tourists coming into Palma - the capital of Mallorca - are often a sign that house prices will climb.

Figures from the Institute of Tourism Studies recently indicated that nearly one-fifth of the 32.2 million travellers who came to Spain on low-cost airlines between January and October 2011 arrived in the city.

Mr Dight noted that many clients have loved Palma so much that they want to buy conversions in old buildings, adding:"The prices are high but the results are absolutely incredible one-off homes at the heart of the action."

Source: PropertyShowrooms.com