Property in Spain cheaper than Menorca
Property in Spain
may be a better deal than the equivalent in mainland Spain, one newspaper has reported.
The Telegraph stated that all the Balearic Islands remain inexpensive but that this island is better value for money than before.
Menorca even beats neighboring Majorca
in prices, with the average coastal property priced at between €300,000 and €500,000 (£259,000 and £432,000).
Rhona Hutchinson, of buying agency Integrated Relocation Spain, said: "Prices are 30 to 40 per cent down on Menorca as they are throughout Spain."
Jan van Mesdag, a music producer who owns a property on the island, said that it is also easy to get to know the local area, due to Majorca's size.
He added that this means people are less likely to feel like a tourist if they visit their property in Spain quite a lot.
People looking for property in Spain should also consider distressed properties, as Paul Bradley, a spokesperson for the Spanish Property Owners Guild, recently said they represent a safe route.