Formentera, the most tranquil of the Balearic Islands, offers a rich history that dates back to Roman and Carthaginian times. Its iconic lighthouses and mills are a testament to its past, while the acclaimed Megalithic Tomb of Ca na Costa speaks of even older eras. Located south of Ibiza, Formentera is accessible only by ferry, which contributes to its exclusive aura and unparalleled privacy. The island is recognized for its crystal-clear waters and white sandy beaches, which convey a sense of tranquility and natural luxury.
An Exclusive and Stable Real Estate Market
The market for exclusive properties in Formentera remains stable, with demand generally exceeding the supply of luxury houses and apartments. This is due to its popularity among international buyers seeking a private retreat. Real estate commissions typically range from 2% to 6% for both buyers and sellers, depending on negotiations. It is important to consider additional costs such as the transfer tax, which can reach up to 10%, and other fees from notaries and potential building inspections.
Access and Strategic Location
Formentera has no airport; visitors arrive on the island via the port of Ibiza, about a 30-minute ferry ride away. Although it lacks extensive roads and railways, its compact size allows easy access to any corner by bicycle or electric car. Located about 80 km from the city of Palma, and close to the Ibiza Airport, the island is a strategic point for those who seek exclusivity without straying too far from civilization.
Unmatched Lifestyle and Nature
With an ideal Mediterranean climate, summers in Formentera are warm and dry, and winters are mild. The island offers numerous sports and outdoor activities, such as diving, sailing, and cycling. Additionally, spending the day at Ses Illetes beach or exploring the Ses Salines Natural Park are very popular activities.
Luxury and Culture in Formentera
For those seeking luxury, Formentera offers exclusive and elegant boutiques, and a vibrant nightlife in its select bars and restaurants, like the famous "Juan y Andrea." The cultural scene is also present with annual events such as the Formentera Jazz Festival, and for elegant entertainment, there are numerous venues offering live music experiences.
Education and Health Services
Although Formentera lacks universities, it is well-equipped with quality educational institutions at the basic and secondary levels. As for health, the Hospital of Formentera provides adequate medical care for the needs of residents and tourists, with comprehensive hospital services.
Infrastructure and Socioeconomic Environment
The infrastructure in Formentera is modern and adequate, with a local administration that maintains a balance between development and natural preservation. Its political and economic situation is stable, making it a safe option for investing in luxury properties. Currently, the island has a small but growing population of approximately 12,000 inhabitants, adding to the intimate and community atmosphere so valued in the region.
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