Menorca is a dream location. The island’s laid-back lifestyle, year-round community, low crime rate and serene natural landscapes are a draw for many expats seeking a home in the Spanish sun. But how much does it cost to own a property there? The answer is anything from around €100,000 to €3m and beyond! Whether you’re looking for an affordable apartment or a luxurious villa, Menorca has homes to suit all budgets.
Menorca’s appeal is very different from its Balearic siblings. While Mallorca and Ibiza largely cater to lively crowds, Menorca is all about a slower pace of life, natural beauty and a relaxed atmosphere.
If this sounds like your idea of paradise, keep reading, as we reveal the best places to buy on the island whatever your budget…
Where to buy on a budget
If you’re working with a smaller budget, you’ll have a better chance of bagging a bargain by focussing on areas away from tourist hotspots like Mahón, Binbeca and Ciutadella.
Fortunately, it only takes about an hour to drive from one side of Menorca to the other, so if you do decide to settle in small town or village, you’ll never be too far away from the action.
Es Mercadal and Ferreries
Located in the heart of the island, Es Mercadal is an ideal choice for those looking for an authentic Menorcan lifestyle. The town has a year-round population, traditional whitewashed houses and easy access to the beautiful beaches of the north coast.
Ferreries, just a short drive away, has a similar local feel, with a small but active community and lower property prices than the coastal resorts.
Alaior
Alaior is one of the island’s oldest towns, with a charming mix of old stone buildings and modern amenities. Property prices here are lower than in Mahón or Ciutadella, making it a great spot for buyers who want easy access to these cities without paying premium prices. It’s also just a 15-minute drive to Son Bou, where you will find Menorca’s longest beach.
Check out this two-bedroom beachfront apartment in Alaior with two balconies for just €233,000
Cala en Porter
If you want to be near the sea but don’t have a millionaire’s budget, Cala en Porter is a fantastic option. Located on Menorca’s south coast, this resort town is known for its striking cliffs and golden beach. Although it’s a popular holiday spot, prices are lower than in some of the more upmarket resorts, making it a good option if you’re looking for an affordable holiday home with good amenities.
For help purchasing your property in Menorca, download the Spain buying guide
Where to buy if you’ve got cash to splash
Menorca has long been a favourite for those who want understated luxury. The island attracts discerning buyers who appreciate exclusivity but don’t need the flashy appeal of Ibiza or Mallorca. If you’re one of them, these are the areas to focus on.
Mahón (Port and Cala Llonga)
Mahón, Menorca’s capital, is home to one of the largest natural harbours in the world. You’re spoilt for choice here, as the harbour is lined with elegant townhouses, luxury apartments and waterfront villas.
Across the harbour, you’ll find Cala Llonga – one of the island’s most desirable areas, offering spectacular views and high-end homes with private moorings.
For €950,000, this exclusive apartment with spectacular views towards the port could be your new home
Ciutadella
If Mahón is Menorca’s elegant capital, Ciutadella is its historical heart. The island’s former capital, it’s known for its narrow streets, grand townhouses and bustling marina. Homes in and around the old town come at a premium, particularly if they have original features or a sea view.
This stylish character home in the heart of Ciutadella could be yours for €895,000
Binibeca and Punta Prima
On Menorca’s south coast, Binibeca is a picture-perfect fishing village that has become one of the island’s most sought-after locations. Its whitewashed villas, tranquil setting and proximity to Mahón make it popular with second-home owners and high-end buyers.
Just along the coast, Punta Prima offers a similar level of luxury, with modern villas overlooking the sea.
Browse beautiful properties for sale in Menorca.
Summary
Menorca offers something for every budget. If you’re looking for affordable property, inland towns like Es Mercadal and Alaior provide great value, while Cala en Porter is a budget-friendly coastal option. For high-end buyers, the port of Mahón, Ciutadella’s historic streets and the Binibeca are the best places for luxury properties.
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