Real estate in Menorca is a dream for those who want to live and relax comfortably, away from the noise of cities and crowds of tourists. Menorca property market is currently experiencing a golden period: according to information provided by “Engel & Völkers” consulting company, the demand for buying houses on this Balearic Island is very high. Moreover, the market is developing in two directions: both luxury houses and more modest, typical dwellings are acquired, and Spaniards, British and French prevail among buyers. But how to find an honest realty market in this region?
Of course, it is better to purchase property in Menorca from the developer. The price of such housing may be slightly higher, but there are enough advantages when buying a new property. A big plus in obtaining the new real estate is an improved layout of the house, more spacious rooms and the use of modern materials during construction. Real estate from the developer is cheaper than other new housing. You enter into a contract directly with the company that will build your house and do not spend money on various intermediaries. Discounts from the developer may be about 30%. Having bought a new house, you do not need to make repairs in it. So you save money.
You can find your dream home by browsing Spanish sites where people put up their houses and apartments for sale. If you do not know Spanish, use a special translator on the Internet, this will greatly facilitate the process of choosing a house. You can always bargain and buy real estate in Menorca cheaper because the price depends on the location of the object. If you buy a property located 300 meters from the sea, its cost will be lower than the price of a house on the sea coast.
If you want to buy a profitable home in Menorca, pay attention to the collateral realty. This property is pledged to the bank. You can choose for yourself the apartment, house, cottage, bungalow or villa for a lower price.
Menorca property market is more moderate than on the other Spanish islands. There is no difficulty to find an honest price for a dwelling. The main thing is to follow our advice: buy housing from a developer or mortgage property from a bank, and also look for options on the Internet. Thus, you will approach the dream of having dwelling in Menorca.