Guide to Islands of Spain: Where to Buy Real Estate?

Guide to Islands of Spain: Where to Buy Real Estate?

Spain is rich in beautiful islands, many of which are biosphere reserves. On the Balearic Islands in the Mediterranean Sea, there are the famous resorts of Ibiza and Mallorca; on the Canary Islands in the Atlantic Ocean, there is the resort city of Santa Cruz de Tenerife, where transatlantic yachts and snow-white cruise liners call. On these and other, less known but no less beautiful islands, you can buy real estate in Spain.

Content:

Balearic Islands: colorful club life, slow-paced leisure, and real estate for every taste

Mallorca

Mallorca, Menorca, Ibiza, and Formentera are the main islands of the autonomous community. Mallorca is the largest of them. Beaches with emerald blue sea and white sand attract windsurfers, divers, and rock climbers. Real estate is available both in the luxury and economy segments.

Real estate prices

  • An example of an economy segment property in the secondary market is an 85 m2 two-bedroom apartment with a private terrace priced at €150,000.
  • An example of a private luxury villa is a 6,000 m2 house within walking distance from Sol de Mallorca beach worth €15 million.
  • You can buy a 75 m2 apartment in a development project in Spain's Palma de Mallorca for €220,000.

Ibiza

Paradise for partygoers with the world-famous clubs Pacha and Es Paradis also attracts tourists, as paradoxical as it may sound, with quiet coves and pristine beaches. The resorts of Cala Portinatx and San Antonio are especially popular.

Real estate prices

You can buy a villa in Spain’s Ibiza for the following prices:

  • €637,000 for a 260 m2 three-bedroom villa (economy segment);
  • €3.5 million for a 325 m2 luxury villa in Es Jondal.

Menorca

This is the second largest island in the Balearic Islands after Mallorca, less crowded compared to it and more peaceful compared to Ibiza. According to UNESCO, Menorca is an international biosphere reserve. The nature of Menorca is amazing: beaches with reddish sand, deserts, flowering meadows. There are no tall buildings on the island: according to the rules, all properties cannot be higher than three floors. Another prerequisite is white walls of houses and the roofs of earthy colors.

How much do properties cost in Menorca?

Real estate on the island is represented mainly by private houses and villas.

  • You can buy a 218 m2 house in Spain's Ciutadella de Menorca for €520,000.
  • A 216 m2 five-bedroom townhouse costs approximately €795,000.
  • Those who have their sights set on luxury real estate will love a 1,445 m2 house priced at €4 million, which is on the south coast of Menorca, in Punta Prima, San Luis.
  • There are also inexpensive apartments. For example, a 51 m2 two-bedroom apartment costs €120,750.

Guide to Islands of Spain: Where to Buy Real Estate?

Canary Islands in the Atlantic Ocean: colonial architecture, warm winters, and new experiences every day

Tenerife

Tenerife’s tourist attractions are the 800-meter Acantilados de Los Gigantes (“Cliffs of the Giants”), the famous Pico del Teide volcano, beautiful beaches, and abundant vegetation. You can buy an apartment in Spain’s Tenerife at much lower prices than in the Balearic Islands. Experts especially recommend Santa Cruz de Tenerife.

Real estate prices

  • A 58 m2 apartment in a good residential complex costs about €110,000.
  • A high-end 114 m2 three-bedroom apartment with a garden and ocean views in Guía de Isora costs €745,000.
  • A new 137 m2 three-bedroom townhouse with a garden and parking space in Güímar costs €305,000.

Off-plan projects in Spain, both on Tenerife and other islands, often cost less than apartments in completed houses.

Gran Canaria

This picturesque resort is good for living and investing in real estate since there are no changing seasons. Even in winter, the temperature here rarely drops below 20 °C. Exquisite European architecture, mountains, 400 hectares of the Maspalomas Dunes, black volcanic sand beaches, and the mesmerizing Atlantic Ocean—there is definitely something to see and do on the island. Playa del Confital is recognized as one of the best beaches in Europe and is an ideal place for surfing and diving.

Real estate prices

Examples of properties:

  • A 57 m2 two-bedroom apartment in Telde costs €85,000.
  • A 140 m2 three-bedroom townhouse in Mogán costs €640,000.
  • A luxurious 427 m2 four-bedroom villa with a private pool and terrace costs €1,690,000.
  • There are apartments in new developments, for example, a 106 m2 two-bedroom apartment in the residential complex Residencial Tamadaba I in Las Palmas de Gran Canaria costs €205,000.

Guide to Islands of Spain: Where to Buy Real Estate?

Benefits of living on the islands of Spain

The islands give that very feeling of complete unity with nature, seeking which many people move to Spain. Each island is unique in its own way, be it volcanoes, cliffs, coves, architecture, or a highly developed entertainment industry. There is also great infrastructure everywhere: hospitals and medical centers, schools and kindergartens, shopping centers, restaurants and cafes. Furthermore, getting to Spain’s major cities is easy. The flight from Tenerife to Madrid takes less than three hours. There are ferries running between the islands: for €43, you will get from Gran Canaria to Tenerife in just one hour 20 minutes, and for €49, you will get from Ibiza to Mallorca in two hours.

We will help you buy real estate on the islands of Spain

You can get advice on buying real estate in Spain right now by contacting our experts via online chat or by phone. We will answer your questions in detail about the peculiarities of life on a specific island and offer interesting options for residential or commercial properties.

Guide to Islands of Spain: Where to Buy Real Estate?

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