A capital like no other
The capital of Minorca is an attractive place for those who are considering to buy property in the island. There are two places in Minorca that can fit the ‘city’ label: the first one is Mahon, and the other is Ciutadella, which stands on the opposite extreme of the island. Of course, we’re not talking about major, stressful cities; Mahon is a delightful place that features city-like services for its 30,000 permanent residents.
The city has long been known for having one of the most impressive natural ports in the world, and a significant number of the city’s buildings and houses offer superb views of its deep blue waters. In addition to its panoramic views and services, Mahon stands out as the island’s main transport and culture hub. The airport is just 10 minutes away from downtown, and the seaport offers regular ferry connections to Barcelona, Valencia and Majorca. Those who plan to commute between the island and the continent on a regular basis won’t find a place in Minorca than Mahon to do so.
Townhouses and apartments: what to expect
In contrast to other Minorcan locations, Mahon is an old city, and some of its buildings date back as far as the 18th century. Stylish buildings built in the first quarter of the 20th century are fairly common in the real estate market, and fully renovated units are widely available for purchase. The price range for renovated 2-bedroom apartments with a terrace goes from €100,000 up to €200,000. On the upper end, prices for 4+ bedroom penthouses with a seaview start at €300,000.
In the case of townhouses, true opportunities await. In Mahon, houses combine classic Mediterranean architecture with renovated interiors; as a result, it’s not rare to come across unassuming gems while looking around for a house. Plus, the majority of the houses in Mahon boast the benefits of location, given that most sit on the heart of the city. Beaches, theatres and restaurants will likely be within walking distances for those who go for a house. Prices for 3-bedroom houses in the old town start at €200,000, the average being €350,000. The city also features some villas, but due to limited urban space, the offer is limited in comparison to other locations within the island. Prices for villas start at €500,000 and climb up way above €1,000,000. Tons of space and stunning seaviews are the common denominator when it comes to this kind of properties. Luckily, there are alternatives for every kind of buyer in Mahon, and with so many options available killer deals await.