The Essentials

Country: Spain
Capital: Madrid
Currency: Euro (EUR)
Time zone: GMT +1

 

A Bit of Background

Majorca, Minorca, Ibiza, Formentera. Together, these popular tourist destinations make up Spain’s Balearic Islands. Located off the country’s east coast, they’re the Mediterrean hotspots that keep drawing buyers from around the world in search of their constant temperate climate, relaxed lifestyle, vibrant nightlife (in the case of Ibiza) and stunning beaches.

Their popularity among overseas buyers have made the Balearics one of the strongest markets in the years since the global financial crisis, with prices pushed up by that growing international demand – which, of course, only makes them even more attractive for investors.

Agents Say…

“Ibiza has a reputation as a party island, but it also has a quieter side…”

 

Getting There

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Planes
The Balearics are easy to reach by plane, with regular international flights going to Mallorca (Palma de Mallorca), Menorca (Menorca Airport) and Ibiza (Ibiza Airport), operated by Iberia, British Airways, Ryanir, easyJet and more.
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Trains
Mallorca is the only island to have a railway. For getting about once there, the narrow-gauge train will take you from Palma to Soller and Inca. InterRail passes will not be accepted.
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Automobiles
Car hire is easily accessible on all of the islands, while each one also has a regular bus service, which you can view at horariodebus.es.

 

Who’s Buying?

Whos Buying Property Spain Balearics

British buyers have always had a love affair with Spanish property and the Balearics are no exception, with UK house-hunters making up one in three of all visitors interested in the region on TheMoveChannel.com. As well as lifestyle buyers searching for holidays homes, the islands’ high profile on the tourist circuit mean that investment properties are also popular. Indeed, many buy a holiday home and rent it out when not there.

While buyers from Scandinavia and the UAE are increasingly prevalent on the Spain’s national property stage, the Balearics is a particular favourite among US buyers and Canadians, with the latter taking advantage of the strong dollar to snap up property.

Majorca is one of the appealing destinations, as the largest and most commercial of the islands, but with their cinematic landscapes and green island plains, you can expect to find national buyers and tourists also dotted across the islands, just enjoying the beautiful scenery.

Where to Buy

Popular hotspots in the Balearic Islands include Ibiza, Punta Prima, Cala Figuera, Cala Ferrera, Cala Llonga, Cala Mitjana, L’arenal and Port D’alcudia.

View all properties for sale in the area

 

Photo Gallery

 

Useful Words to Learn

Abogado Lawyer.

Inmobiliaria Estate agent.

CIF number (Codigo de Identificación Fiscal) Corporate fiscal number.

Escritura de Propiedad Property deeds.

Hacienda Mortgage.

IVA VAT.

La Renta Capital Gains Tax.

Piso Floor / Storey.

 
 
Icons courtesy pof Dave Gandy, Freepik, Google, via www.flaticon.com
 

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