At Bonnin Sanso, we are closing 2024 with a highly positive outlook for the Menorca real estate market. The success of new-build developments targeting the second-home sector has been clearly demonstrated, particularly with the ongoing progress of the Ànima de Marès project in Fornells. Notably, the completion of the Sa Llosa Homes development marks a historic milestone for the island. This exclusive project, set within a private complex, offers exceptional communal spaces and controlled access. Over 20 buyers will begin to enjoy their new homes at the start of the New Year.
The Residencial Cala Corb development in Es Castell has also attracted significant interest, with over 40% of sales already secured. Scheduled for completion in 2026, this project comprises 28 apartments, many of which boast sea views. Residents will also enjoy a stunning rooftop communal pool, offering panoramic vistas of Mahón harbour.
The key challenge for the year ahead is to address the ongoing housing crisis, both in terms of sales and rentals. Young buyers and those seeking long-term housing solutions are encountering a market with severely limited options for purchase and virtually no availability in the rental sector. To resolve this, greater flexibility from public authorities is essential, alongside a restoration of legal certainty in the market, ensuring property owners are provided with the necessary guarantees to offer their properties in the long-term rental market.
A key solution to the housing crisis is the ability to significantly increase supply in the market. This will create new opportunities for all.
Ànima de Marès
Cala Corb
