The real-estate market in Formentera is different from those of the other
Balearic Islands, having a real-estate on this island means both realizing
a lifetime dream and making a profitable investment.
Formentera is considered to be the last corner of paradise in the Mediterranean Sea: uncontrolled urbanization has been carefully avoided in order to prevent any damage to the land and to the very soul of the island.
This has guaranteed a profitable real-estate revaluation and a safe income to those who rent their properties during the holiday season (starting in May and finishing in October)
The price of a real-estate changes according to the type and location of the estate itself.
Here are some indicative prices of a real-estate investment in Formentera:
|one-room flat:||140.000 – 200.000 €|
|flat with one bedroom:||200.000 – 250.000 €|
|flat with two bedroom:||250.000 – 400.000 €|
|independent house with land:||400.000 – 800.000 €|
|big house or big villa:||800.000 – 1.200.000 €|
|luxury villa with swimming pool:||1.200.000 – 5.000.000 €|
The process of buying a property in Formentera consists of two phases:
If the buyer wants to request a mortgage to a Spanish Institute of Credit, the mortgage will usually be around 60% of the value of the real-estate
The documents required to request a mortgage are:
Casa de Formentera Inmobiliaria will be by the side of its customers during the purchasing process by offering the following services: