Why Mallorca Property?
Life on Mallorca is often referred to as, ´the dream lifestyle´ for many Europeans. Whilst most European countries suffer cold and depressing winters, the micro-climate of Majorca is very well known for beautiful summers and mild, comfortable winters. When combined with the relaxed attitude and atmosphere that the culture brings, most Europeans find that they can ‘relax’ for the first time in years.
The year-round warm temperatures allow for a totally different lifestyle, enabling those to enjoy life to the fullest. It is the perfect place to enjoy days and evenings outdoors, with over (???) golf courses within easy access, numerous of unspoilt and well-maintained beaches, fantastic cuisine, mountains, breathtaking scenery and not least the international ambiance. Where else can you find such a climate only two hours flight from most European cities?

Mallorca Property

1 million euros lost on Lehman

PALMA
SIX mallorca based clients lost a million euros or more when US investment bank Lehman Brothers went bust last month.
Banking chief Luis Pineda accused bosses of the disgraced American bank of playing a dangerous game with clients’ money.
He said Lehman’s played the markets is if they were a “giant casino,” and explained more than 20 other customers had lost more than 500′000 euros in the bank’s collapse.

Lehman Brothers was the fourth-largest investment bank in the United States. It was considered one of Wall Street’s biggest dealers in fixed-interest trading and was heavily invested in securities linked to the US sub-prime mortgage market.

Founded in 1850 by three immigrants from Germany, Lehman Brothers was a prominent investment bank in Wall Street for decades.
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