Buying in the Balearics: villas in Menorca, apartments in Ibiza or any type of Mallorca property
If you are looking to buy villas in Menorca, an apartment in Ibiza or any type of Mallorca property, you have made a popular choice. Although the Balearic Islands represent one of the most expensive property markets in Spain, their guaranteed tourist influx provides strong rental returns and makes them extremely well-regarded by British investors (about 55,000 of whom already own Mallorca property). They are also popular destinations for British expats. Some 12,000 of the latter are estimated to live here permanently in their own flats or villas in Menorca, Ibiza, Mallorca or even the smaller fourth island, Formentera.
The Mallorca property market is probably the largest for British investors while apartments in Ibiza’s most popular resorts tend to be snapped up the quickest. Heading northwards, demand for apartments and villas on Menorca continues to be strong, not least because development has been limited since the island fell under UNESCO’s protective arm. Together the three main islands offer some lovely property and investing opportunities and you are sure to find something that suits you.
