Real estate investment in Menorca: is it recommended to buy a plot of land on the island?

Real estate investment in Menorca:

is it recommended to buy a plot of land on the island?

Real estate investment in Menorca: is it recommended to buy a plot of land on the island?

Real estate investment in Menorca:

is it recommended to buy a plot of land on the island?

Customers often ask us this question and our answer is formal: always! However, you need to keep in mind that there are many types of plots and you need to be very clear about the type of investment you want to make. Thus, you might want to build in the short term, in less than a year for example, or on the contrary you might think about the future by letting your children build their own home in a few years. You could also plan to buy today a plot at a good price, with the possibility of reselling it later at a higher price. Anyway, in all these cases, as well as in those we have not mentioned, it is important to take into account the following considerations.

First of all, you should know that it is almost impossible to build a house on a "rustic" land. Therefore, it will be better to focus your search in urban zones, in "caseríos" (areas on the outskirts of villages and close to the countryside) or in coastal urbanizations. In this article, we will concentrate on the latter, given the wide offer on the current market.

In addition, you should know that in the Balearic Islands, Law 12/2016 on Environmental Assessment imposes essential prerequisites for the granting of a building permit. In order to get one, the plot must have a series of basic services, such as water and electricity supply and sewerage. In fact, this law is commonly called the “sewerage law”: there are many areas in Menorca which do not have a sewerage network and in which, until now, houses were built with septic tanks.

Customers often ask us this question and our answer is formal: always! However, you need to keep in mind that there are many types of plots and you need to be very clear about the type of investment you want to make. Thus, you might want to build in the short term, in less than a year for example, or on the contrary you might think about the future by letting your children build their own home in a few years. You could also plan to buy today a plot at a good price, with the possibility of reselling it later at a higher price. Anyway, in all these cases, as well as in those we have not mentioned, it is important to take into account the following considerations.

First of all, you should know that it is almost impossible to build a house on a "rustic" land. Therefore, it will be better to focus your search in urban zones, in "caseríos" (areas on the outskirts of villages and close to the countryside) or in coastal urbanizations. In this article, we will concentrate on the latter, given the wide offer on the current market.

In addition, you should know that in the Balearic Islands, Law 12/2016 on Environmental Assessment imposes essential prerequisites for the granting of a building permit. In order to get one, the plot must have a series of basic services, such as water and electricity supply and sewerage. In fact, this law is commonly called the “sewerage law”: there are many areas in Menorca which do not have a sewerage network and in which, until now, houses were built with septic tanks.

Customers often ask us this question and our answer is formal: always! However, you need to keep in mind that there are many types of plots and you need to be very clear about the type of investment you want to make. Thus, you might want to build in the short term, in less than a year for example, or on the contrary you might think about the future by letting your children build their own home in a few years. You could also plan to buy today a plot at a good price, with the possibility of reselling it later at a higher price. Anyway, in all these cases, as well as in those we have not mentioned, it is important to take into account the following considerations.

First of all, you should know that it is almost impossible to build a house on a "rustic" land. Therefore, it will be better to focus your search in urban zones, in "caseríos" (areas on the outskirts of villages and close to the countryside) or in coastal urbanizations. In this article, we will concentrate on the latter, given the wide offer on the current market.

In addition, you should know that in the Balearic Islands, Law 12/2016 on Environmental Assessment imposes essential prerequisites for the granting of a building permit. In order to get one, the plot must have a series of basic services, such as water and electricity supply and sewerage. In fact, this law is commonly called the “sewerage law”: there are many areas in Menorca which do not have a sewerage network and in which, until now, houses were built with septic tanks.

Customers often ask us this question and our answer is formal: always! However, you need to keep in mind that there are many types of plots and you need to be very clear about the type of investment you want to make. Thus, you might want to build in the short term, in less than a year for example, or on the contrary you might think about the future by letting your children build their own home in a few years. You could also plan to buy today a plot at a good price, with the possibility of reselling it later at a higher price. Anyway, in all these cases, as well as in those we have not mentioned, it is important to take into account the following considerations.

First of all, you should know that it is almost impossible to build a house on a "rustic" land. Therefore, it will be better to focus your search in urban zones, in "caseríos" (areas on the outskirts of villages and close to the countryside) or in coastal urbanizations. In this article, we will concentrate on the latter, given the wide offer on the current market.

In addition, you should know that in the Balearic Islands, Law 12/2016 on Environmental Assessment imposes essential prerequisites for the granting of a building permit. In order to get one, the plot must have a series of basic services, such as water and electricity supply and sewerage. In fact, this law is commonly called the “sewerage law”: there are many areas in Menorca which do not have a sewerage network and in which, until now, houses were built with septic tanks.

Do you know which urbanizations in Sant Lluís municipality have a sewerage system and therefore which urbanizations grant building permits? Currently, you can build in the short term in S’Algar, Alcaufar, Punta Prima, Son Ganxo, Son Remei, Torret de Baix and Binibeca Vell. What about Cap d´en Font, Binisafúa Playa, Binisafúa Roters, Binibeca Nou and S’Atalaia? Although the Municipal Council is responsible for the granting of permits, it is also in charge of the installation of sanitation systems in these areas.

Do you know which urbanizations in Sant Lluís municipality have a sewerage system and therefore which urbanizations grant building permits? Currently, you can build in the short term in S’Algar, Alcaufar, Punta Prima, Son Ganxo, Son Remei, Torret de Baix and Binibeca Vell. What about Cap d´en Font, Binisafúa Playa, Binisafúa Roters, Binibeca Nou and S’Atalaia? Although the Municipal Council is responsible for the granting of permits, it is also in charge of the installation of sanitation systems in these areas.

Do you know which urbanizations in Sant Lluís municipality have a sewerage system and therefore which urbanizations grant building permits? Currently, you can build in the short term in S’Algar, Alcaufar, Punta Prima, Son Ganxo, Son Remei, Torret de Baix and Binibeca Vell. What about Cap d´en Font, Binisafúa Playa, Binisafúa Roters, Binibeca Nou and S’Atalaia? Although the Municipal Council is responsible for the granting of permits, it is also in charge of the installation of sanitation systems in these areas.

Do you know which urbanizations in Sant Lluís municipality have a sewerage system and therefore which urbanizations grant building permits? Currently, you can build in the short term in S’Algar, Alcaufar, Punta Prima, Son Ganxo, Son Remei, Torret de Baix and Binibeca Vell. What about Cap d´en Font, Binisafúa Playa, Binisafúa Roters, Binibeca Nou and S’Atalaia? Although the Municipal Council is responsible for the granting of permits, it is also in charge of the installation of sanitation systems in these areas.

These facts had an interesting effect on the real estate market. Plots on which permits aren’t currently granted are being sold at very attractive prices, making them good long-term investments. Here are four examples of this type of land:

These facts had an interesting effect on the real estate market. Plots on which permits aren’t currently granted are being sold at very attractive prices, making them good long-term investments. Here are four examples of this type of land:

On the other hand, if you want to build in a short interval, you must focus on the areas where permits are issued now. At Fincas Sant Lluís, we have exclusive rights to many building plots in Torret de Baix urbanization. Don't hesitate to ask us about them! Here is a selection of some properties located in this urbanization as well as in Binibeca Vell:

On the other hand, if you want to build in a short interval, you must focus on the areas where permits are issued now. At Fincas Sant Lluís, we have exclusive rights to many building plots in Torret de Baix urbanization. Don't hesitate to ask us about them! Here is a selection of some properties located in this urbanization as well as in Binibeca Vell:

We hope we have clarified any doubts you may have about purchasing plots in Menorca. If you need more information, do not hesitate to contact us: we will help and advise you as best as possible. You will find below all the lands for sale currently published on our site:

We hope we have clarified any doubts you may have about purchasing plots in Menorca. If you need more information, do not hesitate to contact us: we will help and advise you as best as possible. You will find below all the lands for sale currently published on our site:

We hope we have clarified any doubts you may have about purchasing plots in Menorca. If you need more information, do not hesitate to contact us: we will help and advise you as best as possible. You will find below all the lands for sale currently published on our site:

If you have been interested in this article, why not discover, also, "Where to eat in Menorca: a restaurant with sea view in Cala Torret" or enter in the "The before and after the reform of a Menorcan country house".