The quiet Balearic — family demand, UNESCO coastline, and the same scarce licences.
Menorca is the calmest of the big three Balearics: a UNESCO biosphere island of family beach resorts (Son Bou, Cala en Bosc), the historic ports of Mahón and Ciutadella, and a shorter but committed summer season dominated by British and Catalan families.
Listing volumes are a fraction of Mallorca’s, which cuts both ways — less competition for guests, but thinner data and a market where individual area selection matters more.
663
Tracked Listings
5
Areas Covered
40%
Avg Occupancy
€363
Typical ADR
€146
RevPAR
Occupancy and ADR are observed from live Airbnb calendars across Mar 2026–Nov 2026 (663 tracked listings). ADR reflects asking prices; upcoming months show booking pace to date and typically rise as the month approaches.
Live Airbnb performance by area — occupancy and typical nightly rate from tracked calendars, all property sizes blended.
| Area | Listings | Occupancy | Typical ADR | Est. Monthly Revenue |
|---|---|---|---|---|
| Ciudadela | 268 | 40% | €303 | €3,636 |
| Fornells | 140 | 39% | €287 | €3,238 |
| Son Bou | 131 | 42% | €364 | €4,652 |
| Mahón | 116 | 38% | €577 | €6,350 |
| Es Mercadal | 8 | 47% | €523 | €5,984 |
Calendar-observed occupancy per month. Upcoming months show bookings already on the calendar and fill further as dates approach.
0 bedrooms
37% occupancy
€226 per night
39 tracked
1 bedroom
41% occupancy
€203 per night
96 tracked
2 bedrooms
39% occupancy
€242 per night
229 tracked
3 bedrooms
42% occupancy
€394 per night
191 tracked
Licensing is the single biggest factor in Spanish STR underwriting — it determines whether projected income is achievable at all.
New ETV licences have been under moratorium since February 2022 (extended indefinitely in May 2024). A limited CBAT allocation of 654 new tourist places opened in September 2025 — the first since the freeze.
The licence attaches to the property and transfers with the sale, provided the deed expressly includes a transfer clause and the island council (Consell Insular) approves it within 60 days.
Buying a villa with an existing, transferable ETV is effectively the only reliable route into Balearic STR. Verify the licence number, plaza count, and that the deed includes the transfer clause before exchange.
Since 1 July 2025 every short-term rental in Spain must hold a national registration number (NRA) from the Registro Único (Royal Decree 1312/2024). Platforms like Airbnb must delist properties without one within 48 hours. The NRA sits on top of each region’s own licence regime — you need both.
Regulation overview only, current as of June 2026 — not legal advice. Verify with a local lawyer before purchase.
For-sale properties ranked by real Airbnb yield in Menorca are coming. Join the waitlist for first access.
It is a smaller, more seasonal market with lower entry prices and less licensed competition. Mallorca offers deeper demand and a longer season; Menorca suits buyers prioritising entry price and lifestyle with a credible summer rental.
Yes — the ETV regime and the moratorium on new licences apply across all four Balearic islands, so buying with a transferable licence is just as critical here.