Mallorca might just be leading a very tentative market recovery with some developers on the island reporting increased sales and interest due to more realistic price corrections.

British developer Taylor Wimpey de España said that 2010 has seen increases of up to 50% in sales from 2009 and that Mallorca that has played a major part in bolstering the figures by doubling its year on year sales.

Javier Ballester, Managing Director of Taylor Wimpey de España, said: ”Sales to foreign buyers have been driven by the price adjustments that the Spanish market has seen. For example, in Mallorca many properties have seen price reductions of up to 25%. Taylor Wimpey de España has of course followed the market closely and worked with the market conditions to maintain a buoyancy of sales which has proved effective.

”We are now looking at launching more developments to keep up with the current demand. Mallorca has seen particularly positive figures due to two important factors. Firstly, we were not hugely overstocked as the recession hit so the supply and demand was always in our favour. Secondly, Mallorca is still considered a quite unique place and in many ways superior to some of the mainland destinations. “