- February 22, 2021
Updated situation of Covid 19, Coronavirus in the Balearic Islands Formentera Covid situation in Formentera Click Here Ibiza Covid situation in Ibiza Click
The Balearics housing market will not be immune from Coronavirus COVID-19, but there is no more safer place to invest your money than in real estate on the Balearic Islands.
The housing market is very unique, the combination of a small housing stock and tight restrictions on new building projects makes the Balearic Islands one of the most exclusive places to own property in Europe today.
Are foreigners allowed to buy property in Spain? … There are no restrictions on buying property in Spain, whether it’s commercial, residential or land. In fact, Spain encourages investment by foreigners, both resident and non-resident.
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If you buy property in Spain you can get a Spanish residency permit, which allows you to live in Europe.
Minorca, and Formentera are the quietest and more authentic islands of the Balearics, making it a great holiday destination for those looking to recharge their batteries in serenity.
Despite the cost of living has been climbing gradually now for the last few years, the overall cost of living in Balearic Islands is still lower than in any of the european cities.