One option to consider when buying a property in Menorca is to invest in the holiday market.
Holiday market investment consists of buying a property that may have a tourist license and renting it all or part of the summer. In this way, we can practically get it to be payed for itself and even enjoy it for some weeks of the summer.
The advantage of vacation homes is that there are many types and for every budget. In short, we can differentiate them into these categories:
Apartment in Santo Tomás beach with two bedrooms and two bathrooms with communal pool.
Purchase price: € 195,000
July rental: € 4,840
Rent in August: € 5,040
Rent month of September: € 3,096
Without taking May, June and October into account, we can obtain around € 13,000 gross for this apartment each year, so the return on the investment would be around 7 or 8% per year.
All prices and details are subject to change without prior notice, including properties no longer being available. We have endeavored to make sure all the information is correct, however Portal Menorca cannot be held responsible for any errors or omissions.