Formentera. The last island that still feels rare.
No airport. No high-rises. No new tourist licences. Formentera is 19km of turquoise water, white-sand beaches, and an extraordinary Italian community that has quietly made this the Mediterranean's most discreet luxury address.
Highest concentration of foreign homeowners in Spain. Italian buyers dominate — this is a community, not a tourist stream. Most transactions happen off-market, through relationships.
Building moratoria, protected coastal zones, no new tourist-rental licences. The stock of sellable properties is structurally capped — and that's why prices hold.
Palma airport → luxury transfer → private ferry from Ibiza → villa. Getting to Formentera is the first signal that you're somewhere different. We can arrange the whole chain.
Frequently asked questions
Structural scarcity. The island is just 82 km², strict building moratoria are in force, and only ~120 properties are typically listed at any time. Foreign ownership is 52% (highest in Spain), demand is concentrated among Italian luxury buyers, and no new tourist-rental licences are being issued. Result: €15,000+/m² in Es Arenals and Illetes, and €2.65M–€3.4M average sale price.
No airport. Fly to Ibiza (Milan/Rome ~2 hours, from most European capitals direct), then 30-minute ferry from Ibiza port. Summer peak: ferries fill up, book weeks ahead. Private boat transfers from Ibiza run €1,500–€3,000 return. Off-season (November–March) the ferry schedule reduces significantly and much of the island's restaurant scene closes.
Yes — no restrictions. EU citizens face lighter paperwork than non-EU. Italian buyers dominate the market, and most listing agencies have Italian-speaking staff. NIE required before any signing. Italian buyers should consult a cross-border tax advisor: Spanish property must be declared on the Italian RW form, and IVIE (0.76% of value) is owed annually to Italy.
As a luxury lifestyle asset: historically very strong, with average appreciation of 8–12% annually over the last decade and a structurally capped supply. As a rental income play: weaker, because new ETV licences aren't being issued — only existing licensed properties can legally rent short-term. If buying primarily for personal use in a scarcity market, Formentera's numbers have outperformed Mallorca and Ibiza over the past 10 years.
Arrival is the first signal you're somewhere different.
Formentera has no airport. How you get there is part of the story. We're partnering with Palma's best drivers, private ferries, and the island's top villas to build an arrival experience that matches the address you're buying into.
Your flight lands. A Mercedes Maybach (or EQS for zero-emissions preference) meets you airside with your name on the board.
45-minute luxury drive, still in the car while you unwind. Champagne, espresso, or neither — your call.
Not the public boat. A small private transfer from Ibiza port or direct from Palma in season — one hour, zero queues.
Vehicle waiting at Formentera port. Concierge check-in. First meal booked if you want it. You've arrived.