Menorca - the second largest island of the Balearic Islands has so far convinced prospective property owners to purchase a second home or holiday home primarily with its authentic and relaxed flair, the multitude of sporting opportunities and the untouched landscapes and sandy beaches. But from this year on, an art-loving target audience will also be addressed, because an art empire will open its halls near the port of Mahón. The world-renowned branches of the Swiss gallery owners Iwan and Manuela Wirth and Ursula Hauser, which started in Zurich in 1992, are now also establishing an art scene in Menorca. As one of the leading contemporary galleries in the world, Hauser & Wirth stands for sophisticated and high-quality artistry that works on the Balearic Island to promote young talent of the 20th century. The gallery is currently being built on Isla del Rey, a small island in the port of Mahón, and will serve as the headquarters.
Our experienced real estate agents from Engel & Völkers Menorca will find your modern villa in the first sea line or your family-friendly premium category house in Mahón in the immediate vicinity of the art gallery. Benefit from our decades of expertise, our extensive know-how and our international network of reliable partners in the implementation of your purchase project in Menorca. In our portfolio we present our current selection of high quality properties in Mahón that are available for purchase.
In collaboration with the Isla del Rey Hospital Foundation and the town hall of Mahón, Hauser & Wirth has been carrying out a large conservation project since 2019, which gives parts of the old naval hospital from the 18th century a new, artistic meaning. In addition to an imposing exhibition hall, a restaurant, a shop and an educational space for the integration of contemporary art are to be built on an area of around 1,500 square meters. In addition to the Argentinean architect Luis Laplace, the landscape architect Piet Oudolf is responsible for the design of a spacious garden, which uses native species and plants to adapt the green spaces to the local climate in line with the Menorcan UNESCO biosphere reserve. The aim is to sustainably maintain the region's ecosystem and to bring art in line with aspects of sustainability and environmental protection according to the vision of Hauser & Wirth Somerset, the rural art center in south-west England. Visitors can enjoy the gallery's artistic flair not far from their new Engel & Völkers Menorca property with changing exhibitions and educational activities. You will soon find more information on the opening of the art center here. You can find out below why buying a villa or a house in Mahón near Isla del Rey, apart from its artistic value, is worthwhile.
The demand for high quality villas and houses that are suitable as a second home continues to be high and is favored by Menorca's excellent image as a peaceful haven. The year-round mild climate, the selection of premium real estate in the first sea line, the stable price range and the limited possibilities for new builds due to the strict building and development regulations are just a few arguments in favor of buying a holiday property on the royal island. Families, international business people and private investors in particular take advantage of the stable market situation and the development potential of Menorca, which is becoming a focus of buying interest through the establishment of new hotels or cultural centers such as the Hauser & Wirth art gallery. Villas that are offered for sale at average prices for around 900,000 to 3 million euros are considered a coveted property category. Further information on the current market situation and property trends can be found in our current Engel & Völkers-Menorca market report or in a personal conversation with our expert real estate agents. Visit us in our real estate shop in Mahón to realize your purchase project. You can find an overview of our current real estate projects in our portfolio.
We look forward to you and your exclusive purchase wishes!