Buying a house in Formentera: useful sites and practical information
Formentera, from the 70s until today, it has become a popular Mediterranean holiday resort as well as a favorite destination for expats or foreign investors. The beaches of Formentera are white, unspoiled, often boundless and the sea that surrounds it is certainly one of the most evocative of the whole Mediterranean basin. In addition, the reduced cost of living and a certainly more relaxed and better quality of life, make theFormentera Island a perfect opportunity to invest some capital and decide to buying a house or real estate.
Who decides to take this big step e buy a house in Formentera you can choose to move in two directions: look for in person, on the spot, a solution that suits your needs as well as your budget; or, decide to rely on a real estate agency that can carry out the research and help us during negotiations and real estate buying and selling. It goes without saying that, for those who have no contacts on the island or do not know Spanish, the optimal choice is therefore to rely on a real estate agency on site or in the care of a lawyer, who carries out and protects the bureaucratic part of the purchase once the property of our interest has been found. As far as it concerns prices per square meter, the properties of Formentera they can vary from 1200 euros per square meter up to even more than 2000 euros per square meter, as prices vary according to the real estate property and obviously the reference area. In this regard, as regards the areas in which to buy a house in Formentera, it is advisable to opt for a solution close to the coast, in order to be able to easily go to the sea and make the property more attractive to be rented by tourists. The areas of Platja de Migjorn and Es Pujols are among the most popular with tourists, while, for those looking for a house in a quieter location on the island, then in Sant Francesc Xavier or San Ferran it will certainly be possible to find something to your liking. .
Finally, consider that, at the bureaucratic level, to buy a property in Formentera, it is necessary to have the NIE (Número de Identidad de Extranjero) and a bank account at a Spanish bank, in order to facilitate all the purchase and sale practices. and apply for a loan or take out a mortgage.
Useful websites to buy a house in Formentera