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Cold front brings snow and ice to Mallorca
Miserable weather set to continue An icy cold front moving down from northern Europe brought snow and freezing rain to Mallorca yesterday (Wednesday). By the morning the temperature in the mountains had dropped to zero and people sat shivering in their houses, while at lower altitudes people had to put up with incessant rain. A…
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Property sales drop 65% in one year
Expectations of further price drops impedes purchasers The sale of resale properties in the Balearics has fallen by 65% since last year. In 2008 around 25 new properties were sold every day whereas the figure today is closer to eight. Reacting to the new figures the Society of Taxations has warns that purchase prices are…
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Freddy Shepherd moves into the endgame
British businessman to travel to Palma with ultimatum over Real Mallorca Monday will see the arrival of former Newcastle owner Freddy Shepherd in Palma to present an ultimatum to the managers of Real Mallorca. Shepherd is launching the offensive to buy control of the club as it struggles to stay afloat and keep the administrator…