Why the Best Real Estate Investment Is Buying Land with a License in Formentera

Formentera is still one of the most exclusive places to visit in the Mediterranean.

Property prices keep going up every year because there is a lot of demand and not enough supply.

Buying land for sale in Formentera with an approved building license is a great strategy that many people don’t know about. It’s great for smart investors and people who want to buy a home in the future.

This method can help you save a lot of money and improve your quality of life if you’re looking at real estate in Formentera.

The Formentera real estate market has a lot of demand but not enough supply.

The real estate market in Formentera is one of a kind:

• New buildings are limited by strict building codes.
• There aren’t many homes for sale.
• The prices for finished villas are very high.
• A lot of homes for sale need some give and take.
• Because of these things, buyers often pay more for homes that don’t quite match what they want.

This is where buying licensed land in Formentera makes a big difference.

What does it mean to have “land with a license”?

The hardest administrative work is already done when you buy land for sale in Formentera with a building license.

This usually includes:

• Approved design for the building
• Permit to build granted
• Checked for compliance with urban planning
• Status of being ready to build

This cuts down on waiting times and uncertainty by a lot.

Big financial benefit: Build at €2,100/m²

Cost-effectiveness is one of the best reasons to think about this plan.

Average cost of building in Formentera: about €2,100 per square meter

This is different from buying a finished villa.

In the real estate market on Formentera right now:

• New luxury villas often cost a lot more than they are worth.
• People who buy things pay for features they might not want.
• Renovations can be hard and cost a lot of money.

By making your own home:

• You are in charge of the money.
• You don’t have to pay for design choices you don’t want.
• You make the most of every square meter.
• You often end up spending a lot less overall.
• The savings can be very big compared to buying a finished property.

Make the home you really want

Another great thing about buying land in Formentera is that you can make it exactly how you want it.

• When buying an existing property, buyers often have to make compromises:
• The layout doesn’t work with their way of life.
• Finishes are out of date.
• Not very energy-efficient
• Orientation or views aren’t great
• When you build from scratch, you can:
• Pick modern architecture
• Make the most of natural light
• Add systems that are good for the environment
• Plan spaces for living inside and outside
• Make the right number of bedrooms and bathrooms for your needs.

This kind of flexibility is very useful in a high-end place like Formentera.

Faster Than You Think

Many people think that building in Formentera takes too long. But if the land already has a license:

• There are fewer bureaucratic delays.
• The project is ready to go.
• You can count on construction schedules.
• This path can often be faster than looking for the perfect villa that already exists.
• A lot of potential for investment
• From an investment point of view, licensed land in Formentera is very appealing because  there isn’t much land available.

Historically, property values have gone up.

Custom-built villas sell for a lot of money when they are sold again.

There is still a lot of demand for high-quality homes.

This strategy can help investors in Formentera’s real estate market make money and improve their quality of life.

In conclusion, a better way to get into the Formentera market

If you’re looking for land for sale in Formentera or thinking about investing in Formentera real estate, think about the big benefits of buying a plot with a building license.

Important benefits:

• Less money spent overall
• Building costs start at about €2,100/m².
• No compromise on design
• A quicker way to get to your dream home
• High value over time

In a market like Formentera’s, where there isn’t much supply and demand, building your own villa is often not only a lifestyle choice, but also the best financial decision.

Are you looking for a plot of land in Formentera to build your vacation home or start a new project?
We can help you find the best opportunities on the island right now.