We close 2024 with gratitude and results that reflect more than just numbers: 156 property transactions, 48 million euros in registered sales, and hundreds of dreams fulfilled. Discover how we’ve helped buyers and sellers with professionalism, transparency, and dedication.
At Portal Menorca, we close 2024 with great satisfaction, not just because of the numbers that reflect a year of intense activity, but above all, because of the stories, dreams, and hopes we’ve had the privilege to be part of. Beyond the results, we feel deeply grateful for the trust buyers and sellers have placed in us, allowing us to be part of such an important journey in their lives. Our work philosophy remains unchanged: to provide a professional, honest, approachable, and transparent service, always putting people first.
A year of activity and trust
During 2024, our team has achieved the following results:
- 156 completed property transactions.
- 48 million euros in registered sales value.
- Average sale value: 307,000 €.
These figures reflect a dynamic real estate market and our team’s constant effort to facilitate operations that meet the expectations of both sellers and buyers.
Personalized advice and meaningful results
This year, we have provided guidance to 436 property owners considering selling their properties, resulting in the listing of 256 properties marketed following our methodology, based on transparency and in-depth knowledge of the local market.
One of the numbers we are most proud of is the 1.54% variation between our initial valuations and the final sale price. This figure speaks to the skill and experience of our valuation team, as well as our commitment to providing accurate, market-aligned assessments.
Buyer and seller profiles
Our diverse clientele continues to be one of Portal Menorca’s distinguishing traits. In 2024, 72.4% of our buyers were Spanish, followed by 10.4% British and 7.5% French. We also had the privilege of working with Italian, German, and Belgian clients, among others.
On the other hand, the majority of sellers who entrusted us with their property sales were Spanish, with a smaller proportion of British and French sellers.
Property types and purchase motivations
Regarding the types of properties we marketed in 2024, the most prominent categories were:
- Apartments: nearly 30% of all operations.
- Flats, villas, and houses: each with slightly more than 10% of the total.
- Land and plots: representing 19% of the transactions, indicating a growing interest in new builds on the island.
When it comes to purchase motivations, we’ve observed some significant trends:
- 35.7% of purchases were for primary residences, marking a notable increase from 23.8% in 2023.
- 37% of transactions were for second homes, showing a decrease from 48% last year.
- 27% of purchases were made as investment properties, remaining stable year-over-year.
Looking Ahead with Excitement
These results motivate us to continue working with the same dedication, humility, and professionalism that have defined us from the beginning. We extend our heartfelt thanks to everyone who placed their trust in Portal Menorca for their property purchase or sale in Menorca throughout 2024.
We hope that 2025 brings more opportunities to guide both buyers and sellers toward their new homes or next investments. If you’re considering buying or selling a property in Menorca, we’d be delighted to advise you with no obligation.
Because, in the end, the results we value most are the dreams fulfilled by those who trust us. Thank you for being part of our story!