Balearics Islands Average Property Prices
Mallorca
Mallorca
Mallorca offers quaint shops overlooking the bay, historic architecture, and varied entertainment. The Serra de Tramuntana mountain range is a stunning region of pine forests and well-tended olive groves overlooking a rugged shoreline. The east coast is comprised primarily of pristine beaches and tourist areas. The south coast hosts rocky cliffs, beaches and coves. Es Pla is the fertile plain located in the centre of the island.
Mallorca offers property for sale to suit any temperament. Luxurious new build estates in the capitol area sell for approximately 2.5 million. New build homes in Port D'andratx overlooking Ibiza begin around 350 million. Condominiums in the major metropolitan areas sell for approximately 300,000.
Menorca
Menorca is the second largest of the Balearic Islands. Mahon, the capital city, is built on the largest natural harbour in the world. Wine, cheese, gin, and oil are the chief exports of this island. Ciutadella, the former capitol located on the opposite end of the island, is a study in contrasts with Mahon. While still a port city, Ciutadella houses older architecture and offers a glimpse of life on Menorca in an earlier age. Quieter than its more famous neighbour, Menorca is known for its family-friendly resorts. With three hundred days of sunshine each year, Menorca's climate encourages all manner of outdoor activity. Diving, snorkelling, and fishing remain popular pastimes. Menorca is a designated Biosphere Reserve, enabling the island to preserve its wetlands and its archaeological sites.
Menorca offers smaller, more affordable homes that her sister island, making this an attainable destination for many families. A two bedroom, two apartment runs from 109,000 to 250,000. For those individuals interested in large lots of land, fincas start at around 1 million. Luxury waterfront homes cost in excess of 1 million.
IbIza
Ibiza is the third largest of the Balearic Islands, though it measures only 45 km long and 25 km wide. It is as a playground for the rich and famous, hosting summer parties that attract large crowds. The liveliest of the nightlife is centred in the capital city of Ibiza Town. On the western side of the island, Sant Antoni attracts the nightclub crowd. Conversely, Ibiza is also a World Heritage Site. Such spectacular natural wonders as "God's Finger" are now protected from unbridled development. More than fifty percent of the island's residents are native, speaking a form of Catalan.
Apartments range from 75,000 to 140,000 and are located primarily in Ibiza City and Sant Antoni. Villas with stunning views can be obtained for approximately 2 million. Simple town homes are available in the mid to upper 400,000s. For individuals who are looking for a little more privacy and a lot more land, fincas sell for 5,000,000 to 9,000,000.
Formentera
Formentera is the smallest of the islands. It is also the southernmost. As it can only be reach by boat from Ibiza, it is the most quiet of the islands. It is also known for the number of beaches that permit nude sunbathing. It hosted the 2007 Techno 293 OD World Championships for youth and junior windsurfing.
Apartments range from 50,000 to 100,000. Two and three bedroom villas in Fincas De La Vega, an exclusive residential complex run from 200,000 to 300,000. Town houses with three to five bedrooms are priced in the mid 100,000's.
Balearics Islands Average Property Prices
By: Toby Trumble
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