Bathed in sunshine and skirted by platinum sands, The Balearic Islands is one of the best island destinations in Europe to live or spend long periods of time due to its climate and quality of life. Floating off the coast of mainland Spain, these Mediterranean islands are awash with leafy terraces, crumbling heritage sites, secluded coves and hills. If you are thinking of buying a property in the Balearic Islands, we have a great selection of houses for sale suitable for all budgets.
The islands of Mallorca, Menorca and Ibiza account for the vast majority of tourism to the region. The largest island, Mallorca, has its fair share package tourists but now also caters for an upscale crowd as well.
The islands enjoy a temperate, Mediterranean climate. The maximum temperatures are not excessive, even in high summer, owing to the cooling influence of the sea. The climate during the winter is generally mild and dry with occasional showers.
The landscape of Balearic Islands is characterized by woodlands, almond trees, fertile plains and often dramatic coastlines with sandy coves separated by craggy cliffs. Mallorca has the most varied landscape featuring mountains and valleys, rocky coves and sandy beaches. The main geographical feature is the Sierra del Norte, a mountain range running along the northern coast. The island is covered with lush pine forest, and with olive and almond trees, which blanket the countryside with blossoms in springtime. Menorca is less impressive, though the two main towns, Mahón and Ciutadella, sited at either end of the island, sit above deep inlets forming natural harbours. There are many bays and cove beaches on the island. Ibiza has a rugged coastline with many coves with crystalline water.
Balearic Islands property market
Balearic Islands, as second residence destinations are the most desired areas of the Mediterranean. The limited supply and high demand result in a desirable opportunity for investors and potential buyers. Mallorca and Ibiza are synonymous with quality and luxury and that makes those islands particularly valued by European buyers. The average cost for a villa in Mallorca coming in at an impressive €4,000,000 in the best zone of the island (Port of Andratx) and on the Ibiza island it can be even more expensive with an average price between €4,000 and €15,000 m/2. This type of property offers great opportunities for reselling. But the average price of the properties for sale in Balearic Islands is €3,364/m2, the most expensive in Spain, with an annual increase over 4%, ahead of Madrid and Barcelona.
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