The island of Menorca is becoming more and more the center of attention and is slowly and steadily beginning to challenge its Balearic sisters. And this is not without reason - because Menorca combines an immense number of advantages that are attracting real estate interests, and therefore also offers itself as a real estate investment.
At almost 700 square kilometers, visitors and residents can find a large number of different types of landscape. From idyllic picture book beach landscapes to hilly countryside, to cliffs, natural harbors, deep gorges, rocky rugged terrain, thriving farmland and natural reserves - all this is Menorca!
In 1993, the island was declared a biosphere reserve, which is why nearly half of the island is now a nature reserve. This circumstance attracts several interesting facts. As nature reserves are not allowed to be cultivated, residents and prospective buyers benefit from the fact that Menorca will always be green and never too heavily developed. In addition, areas where construction is allowed are rare, which in turn drives up the prices for quality real estate.
Within a year, from 2016 to 2017, the average purchase price for rustic houses on the coast of Menorca increased by 500,000 euros, from 6.5 million euros to 7 million euros! The same occurred with the villas on the coast. In 2016, the average purchase price for a coastal villa in Menorca was still 850,000 to 2,800,000 euros. In 2017, the average value for a villa here has already risen to average prices between 900,000 to 3,000,000 euros. In the interior of the island, the average purchase price for a villa increased from 450,000 euros to 500,000 euros from 2016 to 2017, which is related to the fact that the most sought after and most popular properties for sale is usually found in coastal areas or in the big cities.
Prices for townhouses in Menorca's capital, Mahón, have increased by an average of 100,000 euros from 2016 to 2017! On average, homebuyers paid between € 350,000 and € 1,400,000 in 2016, whereas a year later, in 2017, they paid between € 400,000 and € 1.5 million on average.
These figures show that Menorca is becoming increasingly attractive on the real estate market. The island is a location with a future - both in terms of the real estate landscape and in terms of quality of life. For it is a reassuring fact for owners of a rustic house or villa to be able to live in a place that has so much unspoiled nature that will be preserved forever.
The demand for the location Menorca is also reflected in the airline traffic. Compared to 2016, the island was frequented much more in 2017. The number of visitors rose by 8.1% year-on-year. Meanwhile, airlines are also having to raise their contingent of flights to Menorca in order to meet the enormous demand that the Balearic island faces. Rely on a real estate investment with a future - with the purchase of an Engel & Völkers property in Menorca.
Here you will find our portfolio of authentic rustic houses, stylish villas and other individual properties for sale on the popular Balearic island of Menorca.