British buyers are flocking to the Balearic Islands of Majorca, Ibiza, Menorca and Formentera. The Spanish Statistics Institute reports that the islands are growing in popularity with British and other overseas buyers, with expats now making up over a fifth of residents, the highest proportion in Spain. You do not have to look hard to see why the Balearics are so popular: good infrastructure, a wide variety of resorts of all sizes, sandy beaches and stunning pine-covered mountains. If you are thinking of buying in the Balearics, read on for our guide to the islands, and when you’ve chosen your new home, remember to keep it safe with holiday home insurance.
Majorca is most popular of the islands, and has developed a rather upmarket image in recent years. The big resorts of Magaluf and Palma Nova in the south still bring in the party crowd, but elsewhere there are some gorgeous homes to be found in family-friendly resorts and traditional Majorcan villages. The capital, Palma, has lots of elegant historic buildings, set around an attractive bay. Along the east coast you’ll find wide beaches and resorts, while the west is rocky and wild, and much less densely populated.
Ibiza is famous as a party island, but there is much more to it than that. The capital, Ibiza Town is a fascinating place, with a walled old town and a friendly vibe. Around the coast there are various beach resorts, such as family-oriented Santa Eulalia, with its safe beach, good shopping and arty feel. Just off the coast is Formentera, a tiny island fringed with white sand beaches. There is no airport, which keeps it relatively undiscovered.
Menorca has more beaches than Majorca and Ibiza put together, from tiny coves to huge stretches of sand. Built around them is a wide choice of resorts. They include large, busy resorts like Cala Galdana that throng with families in summer, and tiny traditional fishing villages. The northern coast is quieter and less populated than the south.