Dreaming of a sunny Mediterranean island with charm, history and sea views – but without the party crowds? Menorca could be the perfect place to buy a permanent home, second home or holiday let. Here’s what to expect from the island, its property market and the buying process.
Menorca has long played second fiddle to its better-known Balearic siblings, Mallorca and Ibiza. But for those in the know, that’s exactly why it’s worth a closer look. With its relaxed pace, turquoise coves and unspoilt interior, Menorca is quietly becoming a favourite with overseas buyers who want sunshine without the spectacle. From whitewashed fishing villages to lively summer fiestas, this island offers a slice of traditional Spanish island life – and property without the premium price tag.
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Contents
- Why buy property in Menorca
- How to get to Menorca
- Where to buy in Menorca
- Menorca’s property market
- Is buying in Menorca a good investment?
- Steps to buying property in Menorca
Why buy property in Menorca
Menorca is a UNESCO Biosphere Reserve, which helps preserve its landscapes, biodiversity and traditional way of life. Compared to Ibiza or Mallorca, the atmosphere here is slower and more grounded – think long beach lunches, family-friendly coves and quiet countryside walks. The island actually has more beaches than Mallorca and Ibiza combined, and many of them are refreshingly underdeveloped.
For active buyers, there’s the 185-kilometre Cami de Cavalls coastal path – ideal for exploring on foot or bike. Meanwhile, Menorca’s food scene has blossomed in recent years, with seafood restaurants perched on cliffs and local produce playing a starring role in many kitchens.
The climate is classic Mediterranean. In August, expect average highs of 30°C. Even in January, it rarely dips below 15°C, with five hours of daily sunshine – making it a viable winter retreat, too.
How to get to Menorca
In the summer, direct flights from the UK and other European cities are plentiful, with flight times under two and a half hours. In the off-season, you’ll typically connect via mainland Spain – Madrid, Barcelona or Alicante – before taking a short domestic flight or ferry. Ferries run to Mallorca (around four hours) and to Ibiza (roughly eight hours).
Where to buy in Menorca
Menorca’s appeal lies in its variety. Whether you’re looking for cultural character or coastal ease, there’s something for every kind of buyer.
Mahón
The island’s capital, Mahón (or Maó in Catalan), offers an old-world feel thanks to its colonial architecture and natural harbour – one of the longest in the world. It’s ideal if you like browsing galleries, sampling artisan food and being just 10 minutes from the airport.
Ciutadella
On the west coast, Ciutadella has a more historic flavour, with Gothic buildings and a compact old town full of charm. Don’t miss the Cathedral of Ciutadella or the buzzing festivals – Processo dels Tres Tocs in January and the Sant Joan celebrations in June.
Binibeca
This southeastern village is a modern take on Mediterranean style. Built in the 1970s, its whitewashed streets have a Greek-like feel. Playa de Binibeca, the main beach, is family-friendly and picturesque.
Fornells
Fornells is a former fishing village on the north coast that’s made a name for itself with seafood, water sports and boutique shopping. It’s a great base if you like sailing or want access to quieter stretches of coastline.
Menorca’s property market
Menorca still offers solid value compared to its Balearic neighbours. Below is a comparison of typical property prices:
| Property type | Menorca | Mallorca | Ibiza |
|---|---|---|---|
| Small apartment near the beach | €120,000 | €160,000 | €200,000 |
| Three-bedroom townhouse | €300,000 | €450,000 | €800,000 |
You’ll also find more choice in the €150,000-€400,000 range than on other islands, particularly in smaller inland towns or those with fewer holiday lets.
Property in Menorca is more affordable than Ibiza and Mallorca
Is buying in Menorca a good investment?
Property in Menorca may not see the same rapid appreciation as in Ibiza or Palma, but it tends to be more stable. The local market is resilient, supported by domestic buyers and long-standing expats. As Menorca continues to attract those wanting a quieter Mediterranean experience, the potential for mid- to long-term capital growth is promising.
Holiday lets can do well in high season, especially near beaches or in historic towns. Do bear in mind that the season is shorter, and access becomes trickier in winter. You’ll also pay 8% purchase tax (Impuesto de Transmisiones Patrimoniales) on resale properties – average for Spain, but important to factor in.
Steps to buying property in Menorca
1. Start your online search
Get a feel for what your budget will buy. Make a wish list – do you want a sea view, terrace, traditional finca or a ready-to-let apartment? Prioritise your non-negotiables and areas of interest.
2. Build your expert team
You’ll need:
- An English-speaking estate agent familiar with Menorca’s market
- A qualified lawyer who can check contracts and legal status
- A currency transfer specialist like Smart Currency Exchange
- Possibly a financial adviser and mortgage broker if financing locally
3. Visit the island
Plan a viewing trip with pre-arranged appointments. Summer is ideal for getting a feel for the island, but if you’re considering living here year-round, try visiting off-season too.
4. Make an offer
If you find the right property, your agent will help submit a formal offer. If accepted, you’ll sign a reservation contract and pay a fee to take the property off the market.
5. Legal checks and deposit
Your lawyer will conduct searches and confirm everything is in order. Then you’ll pay a deposit (usually 10%) and sign a preliminary sales contract. Now’s the time to lock in your exchange rate.
6. Completion
At the notary’s office, you’ll sign the final contract (escritura pública) and pay the balance. Additional costs include:
- 8% property transfer tax (ITP)
- Notary and legal fees
- Stamp duty
Once complete, you’ll receive your title deeds – and the keys to your new Menorcan home.
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