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Holiday rentals in Menorca

How to make the most of your second home

Coastal landscape with buildings on cliffs, overlooking a bay with boats.

Menorca has seen a clear rise in popularity as a tourist destination in the European market in recent years, and many visitors to the island are considering purchasing a property here. Its main attractions are its unspoiled natural surroundings, peaceful atmosphere, and calm, laid-back lifestyle.

Table of Content

  1. A growing trend

  2. An opportunity for property owners

  3. Data supporting this option

  4. Engel & Völkers Menorca – your trusted partner

A growing trend

At the same time, the holiday rental market has grown significantly and has become an essential part of the island’s tourism offering. More and more visitors prefer staying in private homes rather than hotels during their holidays, as it offers greater comfort, freedom, and privacy.

This type of accommodation, where tourists can feel at home, has been a great discovery both for visitors to Menorca and for property owners, who benefit financially from this activity.

An opportunity for property owners

In response to this new way of travelling and the rising demand, many property owners have chosen to rent out their homes seasonally. Although there are some restrictions from the local government regarding the issuing of tourist licences, holiday rentals are permitted in nearly all coastal urbanisations in Menorca. It is a simple and highly profitable way to generate income from your property.

For many, it is an excellent way to make the most of a second home, provided all requirements set by the regional authorities are met. This is essential to avoid any legal or tax issues.

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Data supporting this option

According to the Social and Economic Impact Study on Holiday Homes, carried out by ESADE in collaboration with the Spanish Federation of Holiday and Tourist Apartment Associations (FEVITUR), 10% of tourists in Spain stayed in holiday homes last year.

This figure reflects a slight trend, particularly in peaceful and well-preserved destinations like Menorca.

Engel & Völkers Menorca – your trusted partner

From our Engel & Völkers Menorca offices, located in Mahón and Ciutadella, we will be delighted to assist you in finding properties with a tourist rental licence. In addition, our dedicated rentals department will guide you through every step of the process once you have purchased your ideal home in Menorca.

Discover our holiday offers here.

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Page content provided by: EV Menorca Real Estate S.L.

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