Formentera Property Blog

Some achive photographs for anyone interested in Formentera and Ibiza architecture.

We are pleased to offer this attractive and well located house for sale in Formentera, which is known as Casa Regina, on the market currently for 690K euros.

Formentera Property for sale, Casa Regina

Situated in an extremely picturesque setting, close to the inland salt water lake and only a 10 minute walk from the beautiful beaches of Illetes and Levante.

The property benefits from large terraces and enjoys fabulous views over the water to the port of La Savina and the sunset.

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We are pleased to offer this simple but well maintained top floor apartment in Es Pujols.

The apartment has one bedroom, a clean and functional bathroom and terrace with sea views. Roof top terrace.

Highly lettable through the summer season, investors will see a good return.

The apartment building is in a quiet area, located away from any noise associated with passing traffic.

Everything is included in the purchase of this apartment and there is no major works needed in order to get the apartment into a lettable condition.

We are pleased to offer this excellent investment opportunity located only a few minutes walk from the National Park of Sierra de Cazola in Cordoba Andalucia.

Situated 3 km from the picturesque village of Almedinilla, this property is within easy distance to Granada, Jaen or Cordoba.

The main ‘Cortijo’ or farm house is a listed ‘Casa Rural’ with a license to operate by the tourist board. Built on two floors with 200m2 of living space with terraces. Read the rest of this entry »

One of our regular clients is purchasing a Formentera hotel business on our favourite island and is looking for investors.

Written by Oliver Merlin

This project represents a relatively low-risk, hi-return investment.

Oliver Merlin (with his partner Sarah) is planning to buy a beautiful 5 bedroom hotel, situated 150 metres from the beach at the end of the Platja Migjorn.  The pre-existing building requires little work and he is looking for €250,000 from investors.

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By Spanish Property Insight

Euribor, the rate normally used to calculate mortgage payments in Spain, fell from 2.622% in January to 2.1% last month (a change of -18.6%), suggesting that borrowers on annually resetting Spanish mortgages may start to benefit from smaller mortgage repayments.

This is the lowest Euribor rate since June 2005, and almost 50% lower than year ago, when it stood at 4.349%.

Assuming that lower rates are passed on by the banks, the average borrower should see their monthly mortgage repayments fall. Monthly repayments on a typical annually-resetting mortgage (150,000 Euros, 25 years, Euribor + 0.5%) should fall by 200 Euros a month - a saving of 2,400 Euros a year.

Some borrowers have complained, however, that falling base rates are not translating into lower mortgage rates, as banks pocket the difference. Some people have even reported that their mortgage rates have gone up.

This very well located Formentera apartment / hotel property consists of well maintained tropical gardens and a large swimming pool.

The property and surrounding land has been beautifully kept.

It benefits from a large swimming pool, and a fantastic location- only 400 metres away from Migjorn beach.

The apartments are very well kept, they are sunny and spacious.

There is mains electricity, a sisterna and sweet water wells which can be utilized to maintain the swimming pools.

Viewing of this property is highly recommended, as properties of this quality do not often come on to the market.

“If we buy property on the coast in Formentera, is it affected by the coastal law, or ‘Ley de Costas’?”

This is often one of the questions that we are asked by prospective buyers of property on the coast of Formentera.  Read the full article written on how Formentera is affected by the 1988 costal law by IbizaA-Z

The Ministry of the Environment in Madrid are referring back to this law from 1988 in order to protect coastal areas from rampant over-construction and at the same time make every inch of beach easily accessible to the general public.

However, the first sections of the coast to which this law has been applied, which includes Formentera, have been inaccurately measured. Now, Madrid is threatening homeowners with eviction, transforming them into concessionaires in their own homes. Those owners are now grouping together to oppose the law.

The 1988 coastal law divided the beach area into two main sections: no one is allowed to own private property within the public coastal zone (dominio publico maritimo-terrestre). Homeowners whose property lies within these demarcations will have it forcibly repossessed. The second section is the area of coast where private property is allowed (zona de influencia en suelos no urbanos, dominio privado). This area can extend up to 500 metres inland. No forced repossessions are planned for these properties.

Set in a quiet and very tranquil part of the island this three bedroom country villa has fabulous views over to Ibiza and the sunset over the sea.  The property has large lounge with wood burning stove and dining area with new built-in kitchen.

The bathroom is also completely new.

One of the bedrooms is en suite with walk in shower.

Set in 9000mt2 of land there are permissions for a swimming pool and garage, so fantastic potential to add value.

There is both solar and mains electricity.

A separate store room can potentially be turned into a guest room and there is a good amount of storage space.

Viewing of this property is highly recommended.