Tired of clubbing on Ibiza? Tired of jet-setting on Mallorca? Tired of sightseeing on Menorca? Don’t worry, it’s not that you’re tired of life. All you need is a little hideaway, somewhere to recharge your batteries – and where better than the quietest island of the four, Formentera? It would be misleading to say that property on Formentera is cheap, but it is, on average, slightly less expensive than on Mallorca or Ibiza – and with scarcely a corner of the Balearics being left unexplored by investors these days, it’s rapidly becoming the region’s worst-kept property secret.
The island itself is extraordinarily beautiful and dramatic, pure heaven for nature-lovers – and a real tonic for the over-stressed.
Believe it or not, Formentera is only 84 square kilometres in size, most of it flat, with two enormous seawater ponds, S’Estany des Peix and S’Estany Pudent. To the south-west and the south east are two huge headlands, the Cap de Barbaria and La Mola respectively. Stand on the dunes and feel those negative ions – wow!
And if you’re thinking of buying a holiday home on the island, the climate really couldn’t be much better – with average annual temperature of around 19 degrees Celcius, you can look forward to long hot summers and, even better, short mild winters.
So what about the property market? Well, wherever you are, take a look on-line and you won’t be disappointed. There are plenty of bargains at the lower end of the market – and you won’t have any difficulty finding ways to dispose of €1 million-plus.
Es Vedra Inmobiliaria, for instance, has prices starting at €125,000 for a 40 square-metre studio apartment with a four square-metre terrace and a communal pool, at Es Pujols, in the north-east of the island. For something with a little bit more space, they have a 100 square-metre, three-bedroom house at Punta Prima for €480,000.
Or how about heading south-east to La Mola and a detached house, on 4,000 square-metres of land, with a separate self-contained apartment, ideal for friends and family, for €715,000? Inmobiliaria Cecilio also has an impressive array of property. At Es Pujols, they have a 75 square-metre apartment in a development with mature communal gardens for €270,000. Or if you fancy a view of the sea – and who doesn’t – how about a two-bedroom, 92 square-metre house at Migjorn, for €400,000?
And don’t forget, once you’re revived and feel like getting back into the “club cycle”, Ibiza – known by mainland Spaniards as “the noisy island” – is only a few kilometres away!