If you are looking to invest in some Spanish real estate, there is no question the time is now. However, like everything else in life, it has to be done in the right way and with the right strategy in mind. You can’t just invest in Spain’s property willy-nilly and expect to come out ahead. If you are selective, it will help. In that regard, one of the best places to grow your investment dollar could be the Spanish island of Menorca, and here are some reasons why:
Villas in Menorca offer a better value.
One of the main reasons why investing in property in Menorca is such a good idea is because it is often lower by a rate of at least 15 to 20 percent compared to their Mallorca or Ibiza neighbors. Part of the reason for this is because the property on Mallorca and Ibiza has been marketed a lot more than the options on Menorca. However, Menorca’s property is every bit as good. Simply put, if you are looking for a good deal on some Spanish resort property, Menorca is your best bet.
Property in Menorca is scarce.
Between the three islands of Mallorca, Ibiza, and Menorca, Menorca is by far the smallest. Couple this with the local zoning regulations and property comes at a premium in Menorca. Of course, this island first caught the attention of the British in the ’70s and ’80s, who were enchanted by the laid-back charm of the island.
Quiet and unassuming.
Menorca hasn’t been marketed nearly as much as their Mallorca and Ibiza counterparts. This hesitation to make a fast buck paid off for Menorca in the long run. Whereas Mallorca and Ibiza are noisy, crowded, and jam-packed with large hotels and theme parks, Menorca gives the visitor a picture into what life on the islands was like before the marketing of the 1960s started. In Menorca, you can de-stress. In Menorca, you need a reason to move. These three factors are just a few of the things that make property investment on this island very appealing.