CONTENTS: INTRODUCTION - ESTEPONA, COSTA DEL SOL - MARBELLA, COSTA DEL SOL - FUENGIROLA, COSTA DEL SOL - MIJAS - BENALMADENA - TORREMOLINOS, COSTA DEL SOL - MALAGA, COSTA DEL SOL - NERJA, COSTA DEL SOL - BARCELONA, COSTA BRAVA - BLANES, COSTA BRAVA - LLORET DE MAR, COSTA BRAVA - TOSSA DE MAR, COSTA BRAVA - ALMERIA, COSTA DE ALMERIA - ROQUETAS DE MAR, COSTA DE ALMERIA - SALOU, COSTA DORADA - MIAMI PLAYA, COSTA DORADA - CADIZ, COSTA DE LA LUZ - ISLANTILLA, COSTA DE LA LUZ - A CORUNA, GALICIA - SANTANDER, CANTABRIA - SAN SEBASTIAN, BASQUE COUNTRY - JAVEA, COSTA BLANCA - GANDIA, COSTA BLANCA - BENIDORM, COSTA BLANCA - ALICANTE, COSTA BLANCA - TORREVIEJA, COSTA BLANCA - LA MANGA, COSTA BLANCA - ORIHUELA COSTA, COSTA BLANCA - PALMA, MAJORCA - MAGALUF, MAJORCA - ALCUDIA, MAJORCA - MAHON, MENORCA - LOS DELFINES, MENORCA - IBIZA TOWN, IBIZA - SAN ANTONIO, IBIZA - PLAYA D’EN BOSSA, IBIZA - PLAYA DE LAS AMERICAS, TENERIFE - PUERTO DE LA CRUZ, TENERIFE - LOS GIGANTES, TENERIFE - LOS CRISTIANOS, TENERIFE - COSTA DEL SILENCIO, TENERIFE - CALETA DE FUSTE, FUERTEVENTURA - LAS PALMAS, GRAN CANARIA - PLAYA DEL INGLES, GRAN CANARIA - PUERTO DEL CARMEN, LANZAROTE - PLAYA BLANCA, LANZAROTE - LA PALMA, CANARY ISLANDS - LA GOMERA, CANARY ISLANDS - GRANADA, ANDALUSIA - VALENCIA -
| Area: | MAHON, MENORCA | |||||||||||||||||||||
| Investor Profile: | Retirement, Worker, Holiday, Business | |||||||||||||||||||||
| Category: | A | |||||||||||||||||||||
| Population:
| Total | British | ||||||||||||||||||||
| 25,000 | 1,500 | |||||||||||||||||||||
| Climate: | Hours of Sunshine Per Day in Summer | Days of Rain Per Year | Average Spring Air Temp. | Average Summer Air Temp. | Average Autumn Air Temp. | Average Winter Air Temp. | Average Water Temp. | |||||||||||||||
| 11 | 65 | 20 | 27 | 23 | 13 | 17 | ||||||||||||||||
| Proximity to: | Airport | Beach | Nearest City | |||||||||||||||||||
| 3 miles (Mahon) | 0.25 - 2 miles | Mahon | ||||||||||||||||||||
| Educational facilities: | No. of Universities | No. of International Schools | No. of Private Schools | |||||||||||||||||||
| 0 | 1 | 2 | ||||||||||||||||||||
| Health services: | No. of Public Hospitals | No. of Private Hospitals | No. of Private Clinics | |||||||||||||||||||
| 1 | 0 | 6 | ||||||||||||||||||||
| Shopping: | No. of Shopping Centres | No. of Markets | ||||||||||||||||||||
| 1 | 1 | |||||||||||||||||||||
| Restaurants and bars: | Most bars found in Anden Poniente are near port. The number of restaurants and bars is smaller than on other Balearic Islands, and many restaurants close in off-peak season. Variety of international cuisine available. | |||||||||||||||||||||
| Sports and leisure facilities: | Horse-riding stables. Speedboats at port. Aero-club with go-kart track, snooker, pool & table tennis tables and a bridge club. Aquarium (at port). Glass bottom boat rides from port. Classical music concerts throughout the year. Organ recitals at Mahon cathedral. Theatre productions at the Teatro Principal. Menorca Cricket Club and International Rotary Club for expatriates. Military museum. | |||||||||||||||||||||
| Transport: | Public Transport | Roads | ||||||||||||||||||||
| Regular bus service between Mahon and Ciutadella. | 1 main road through centre of island between Mahon and Ciutadella. | |||||||||||||||||||||
| Crime rate: | Low | |||||||||||||||||||||
| Main types of employment | Tourist sector during peak season. Limited number of foreign workers. | |||||||||||||||||||||
| Future plans: | Increased size of national parks and marine reserves. | |||||||||||||||||||||
| Yield range | 21.9% - 25.7% | |||||||||||||||||||||
| Type of property | Entry Price | Rent- School Holiday Peak | Rent- Peak | Rent- Off Peak | Average Annual Yield | |||||||||||||||||
| 2 bed apartment | 133,000 | 1500 | 1200 | 720 | 25.7% | |||||||||||||||||
| 3 bed apartment | 166250 | 1800 | 1440 | 864 | 24.7% | |||||||||||||||||
| 3 bed townhouse | 249375 | 2400 | 1920 | 1152 | 21.9% | |||||||||||||||||
| Villa | 292600 | 3150 | 2520 | 1512 | 24.5% | |||||||||||||||||
| Demand for letting | School Holiday Peak | Peak | Off peak | |||||||||||||||||||
| High | High | Low | ||||||||||||||||||||
| Finance and leisure scores: | Total (out of 10) | Financial (out of 5) | Leisure (out of 5) | |||||||||||||||||||
| 9 | 5 | 4 | ||||||||||||||||||||
| Flights scheduled from: | Gatwick, Luton, Stansted, Bournemouth, Bristol, Cardiff, Birmingham, East Midlands, Manchester, Liverpool, Leeds/Bradford, Humberside, Teesside, Newcastle, Glasgow, Edinburgh. | |||||||||||||||||||||
| Typical cost of flights: | School Holiday Peak | Peak | Off Peak | |||||||||||||||||||
| £120-543 | £89-402 | £67-302 | ||||||||||||||||||||
| Operators: | Monarch, Iberia, BA, My Travel, Air2000, Astraeus, Thomas Cook, Excel Airways, Britannia Airways | |||||||||||||||||||||
| Description: | Mahon is the capital of Menorca- the second largest island in the Balearics. The city is situated on the east coast of the island and has its own port and harbour. Property consists of mainly low-level buildings of Moorish and British architecture. There are several historical buildings, including the Arch de San Roque, the Town Hall, (built in 1631) and the Church of Santa Maria (rebuilt between 1748 and 1772). There are relatively few high-rise buildings and the city is more tranquil compared to other Balearic islands. The British are the main foreign purchasers of property in the area, and Menorca has the cheapest property out of all the Balearic Islands. Although it is a busy resort it is still relatively quiet compared to other Balearic Islands. Likely tenants will be families looking for a well rounded activity packed holiday. The great thing about this island is that its cheap to get to. This has kept a steady flow of tenants into the area all requiring a property for the week or fortnight. With this increased demand it has led to rental prices shooting up. As a result fantastic yields are being achieved and good yields, at the very least, will be achievable in the foreseeable future. | |||||||||||||||||||||
| Hot Website: | http://www.menorca-net.co.uk/ | |||||||||||||||||||||
| Estate Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| The Prestige Property Group | No Address | 01935 817188 Fax. 01935 817199 | http://www.prestigeproperty.co.uk Email: | |||||||||||||||||||
| Interealty Balearics | Plaza Santa Ponsa, 4 Local 1 en E-07180, Santa Ponsa, Mallorca | Tel: 0034 971 699 545 Fax: 971 699 556 | www.interealty-mallorca.com. | |||||||||||||||||||
| H & G C Villas & Apartment | Sue Harvey-Jones Barnhouse lodge Barnhouse lane Pulborough RH20 2BS | Tel 01798 872682 | www.menorcanvillas.info | |||||||||||||||||||
| Vil-la Inmobiliari | Plaza del Carmen 3. 07701 Mahon Menorca Baleares | Tel [0034] 971 36 78 52 Fax [0034] 971 36 85 66 | E-mail Vil-la@vil-la.com | |||||||||||||||||||
| Letting Agents: | Name | Address | Tel | Web | ||||||||||||||||||
| GW Villa Rentals Limited | 122 Kimbolton Road, Bedford, Bedfordshire MK41 9DN. | 01234 344161 | http://www.gwvillarentals.com/ Email: gillian@gwvillarentals.com | |||||||||||||||||||
| Vil-la Inmobiliari | Plaza del Carmen 3. 07701 Mahon Menorca Baleares | Tel [0034] 971 36 78 52 Fax [0034] 971 36 85 66 | E-mail Vil-la@vil-la.com | |||||||||||||||||||
| H & G C Villas & Apartments
| Sue Harvey-Jones Barnhouse lodge Barnhouse lane Pulborough RH20 2BS | Tel 01798 872682 | www.menorcanvillas.info | |||||||||||||||||||