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Menorca property prices

Average House Prices in Menorca

Q1 Q2 Q3 Q4
2005 No data No data No data No data
2006 No data No data No data No data
2007 € 281 K
Region Spain
-40.7% +16.7%
€ 318 K
Region Spain
-36.2% +28.2%
€ 311 K
Region Spain
-30.9% +26.3%
€ 321 K
Region Spain
-27.2% +29.5%
2008 € 299 K
Region Spain
-32.2% +24.4%
€ 264 K
Region Spain
-45.1% +10.0%
€ 238 K
Region Spain
-52.0% -2.7%
No data
2009 No data No data No data No data
2010 No data No data No data No data
Currently, house prices in Menorca province are 52.0% less expensive than in the region of Balearic Islands and 2.7% less expensive than the national average of Spain

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What IS cheap Spanish property?

Is any property below €50,000 a cheap Spanish property? Are cheap Spanish properties only to be found at auction or as bank repossessions? How much below market value does a Spanish property need to be to be considered cheap?

Continue reading: What IS cheap Spanish property?