Formentera Property
Property for sale in Formentera
The island of Formentera, offers some of the most picturesque and exclusive of all Spanish island properties for sale.
Mallorca, Menorca, Ibiza and Formentera are collectively the Mediterranean Balearic Islands. The real estate markets of each island varies greatly in terms of the property stock of villas, apartments and holiday homes that are available, and the location and price.
Property prices in Formentera have held their value very well in recent years, whereas in other areas, Spanish property has seen a big downward correction.
The Balearic islands are generally regarded as quite exclusive islands in which to own property. This is especially the case in Formentera due to its small size.
The island is such a beautiful natural phenomenon and there is strong demand for holiday villas rental, as well as Formentera real estate ownership.
Prices vary across the islands depending on the size of the property and location.
Property price guide, properties for sale, Formentera, Spain.
Mallorca, Menorca, Ibiza and Formentera are collectively the Mediterranean Balearic Islands. The real estate markets of each island varies greatly in terms of the property stock of villas, apartments and holiday homes that are available, and the location and price.
Property prices in Formentera have held their value very well in recent years, whereas in other areas, Spanish property has seen a big downward correction.
The Balearic islands are generally regarded as quite exclusive islands in which to own property. This is especially the case in Formentera due to its small size.
The island is such a beautiful natural phenomenon and there is strong demand for holiday villas rental, as well as Formentera real estate ownership.
Prices vary across the islands depending on the size of the property and location.
Property price guide, properties for sale, Formentera, Spain.
Small studios
€ 200.000 - € 250.000
One/ two bedroom apartments
€ 220.000 - € 300.000
Newer two bedroom apartments
€ 300.000 - € 400.000
Town houses
€ 370.000 - € 450.000
Small houses or holiday villas with a little land
€ 450.000 - € 800.000
Larger house or villa (two bedrooms or more), some land with sea views or in pine forest
€ 800.000 - € 1,000,000
Luxury beach villa with swimming pool and sea views
€ 1,000,000 - € 3,000,000
Property investment, Formentera
There is high demand for rental property in Formentera from the months of May to October. This means that anyone owning property should have no problems in renting for lengthy periods of the summer season.
Astbury Formentera have 28 years experience in renting property in Formentera and we can help you realise the potential from your investment properties.
Good rental returns and high demand from prospective buyers ensures that your risk is minimised if you buy property on Formentera island.
Mortgages can be obtained from banks either in Formentera or on the island of Ibiza and we can introduce you to several independent financial institutions and banks in Formentera and Ibiza.
We work especially closely with the local CAM bank in Formentera as well as Barclays Bank in Ibiza which is located very close to Ibiza port and Ibiza old town.
Anyone investing in Formentera should be aware that the main holiday season runs from May to October. It is possible to earn good rental yields between May to October but outside this time the only way to secure further rental income is through letting to local professionals such as doctors and teachers.
In some cases, rental yield may not be sufficient to cover a mortgage you may require on your property.
We can help advise you which properties will give the best returns.
Astbury Formentera have 28 years experience in renting property in Formentera and we can help you realise the potential from your investment properties.
Good rental returns and high demand from prospective buyers ensures that your risk is minimised if you buy property on Formentera island.
Mortgages can be obtained from banks either in Formentera or on the island of Ibiza and we can introduce you to several independent financial institutions and banks in Formentera and Ibiza.
We work especially closely with the local CAM bank in Formentera as well as Barclays Bank in Ibiza which is located very close to Ibiza port and Ibiza old town.
Anyone investing in Formentera should be aware that the main holiday season runs from May to October. It is possible to earn good rental yields between May to October but outside this time the only way to secure further rental income is through letting to local professionals such as doctors and teachers.
In some cases, rental yield may not be sufficient to cover a mortgage you may require on your property.
We can help advise you which properties will give the best returns.
