The beautiful beaches, impressive natural harbours and fabulous landscapes are just a few of the reasons that make Menorca one of the most sought-after real estate locations for demanding property buyers and owners. The island's diverse and prime residential locations never fail to convince prospective buyers of high-quality villas, houses and fincas to invest and settle on this coveted island. At Engel & Völkers we know exactly what makes Menorca such a charming real estate location. We have been advising our customers for more than 13 years about buying property in the best residential areas of Menorca and can provide extensive know-how and many years of experience on all topics related to the purchase or sale of properties on this magical and romantic Balearic Island. Want to be informed about the market sector on the island? Here is our latest Menorca market report to keep you up to date with the latest trends and developments.
It is a unique and informed report regarding all aspects influencing the market, such as buyer nationality, the development of tourism and current market trends and prices. We also clarify how the property market in Menorca has changed and developed in recent years. If you are interested in buying a country house, a villa or an apartment in one of the best locations in Menorca, such as Mahon, Es Castell or Ciutadella, the current purchase price of real estate in these locations is reflected in this report. You can also read about the factors that have had a particularly positive impact on the island's infrastructure, such as the newly opened boutiques and hotels as well as the excellent accessibility of Menorca and up and coming changes that will affect the market.
The market report Menorca 2019/2020 provides information about the growth and development of the property market on the island. The data show that property prices in Menorca remain stable despite the extraordinary conditions imposed because of the corona pandemic, being Menorca's status as one of the safest islands in the Mediterranean an important influencing factor. The volume of real estate transactions on the island is stable, according to data that the Ministerio de Fomento published in 2019: EUR 267 million. This means an increase of around EUR 50 million compared to 2015, so the housing market is growing continuously. In 2019 Engel & Völkers sales achieved 890,000 EUR, on average, 24% higher than in 2018, due to the growing interest of international buyers interested in real estate locations with a very good infrastructures. The new market report also informs you about the number of properties on the island, with the following key data: In Ciutadella, one of the largest cities in Menorca, 38% of the entire property repertoire of the island was offered in 2019, while this value in Mahón was 30%. The real estate offer was lowest in the Ferreries region with 2% and in Es Migjorn Gran with 1%. Also to the other regions of Menorca find corresponding numbers in current Engel & Völkers market report. Finally, the report also gives an informed one Overview of the rental market in Menorca and how it has developed over the past year.
So far during 2020, the demand for premium villas by the sea has been constant, although sales have certainly been delayed due to the pandemic. However, we are sure that in the future, when normality has returned, demanding property prospective buyers will fulfill their wish to buy a villa, finca or apartment on the Balearic island of Menorca.
Engel & Völkers Menorca has two real estate shops in Menorca: one in Mahon and one in Ciutadella, the two main cities on the island. Feel free to contact either shop our teams to work closely together. We give our clients the best overall service. Our experienced real estate agents will find you your dream property, our portfolio has many first-class homes in beautiful locations in Menorca. Let the Balearic Islands be your future home, start the dream of buying a villa or country house. We will be thrilled to offer you our comprehensive services and help you discover Menorca and find the perfect house.
Shall I buy? Should I sell? Make your move an informed move! Check out the interesting facts, figures and information in our latest MARKET REPORT MENORCA 2019/2020.