British expats: The cheapest town to buy a house in Majorca named – ‘real oasis’

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The island of Majorca is stunningly beautiful and it’s not hard to see why British expats would want to move there. Unfortunately, it’s also one of the most expensive areas of Spain to buy property.

However, it’s possible to find a cheaper bargain in Majorca if expats are flexible on their new home’s location.

Property experts at idealista have revealed the cheapest town in Majorca to purchase a house is Petra.

The charming village of Petra is the cheapest spot for property across the whole Balearic islands.

The average price of property in Petra was 1,154 euros (£963) per square metre, cheaper than other Balearic hotspots.

Petra hit the headlines in 2020 when the Spanish Royal Family made a visit to the village on their summer holidays.

King Felipe, Queen Letizia and their daughters were greeted by welcoming crowds as they explored the village.

Petra is under 50km from the Majorcan capital city of Palma and has several interesting monuments.

The Sanctuary for the Bonany Virgin is a beautiful spot where visitors can admire panoramic views of the village.

One visitor wrote on Tripadvisor: “Set on top of the mountain surrounded by lush vegetation, this place is a real oasis of retreat.”

A four bedroom house in Petra’s historic centre is currently listed on idealista for 450,000 euros (£375,872).

The beautifully renovated home has an amazing terrace and original historic features including an impressive inner archway.

A rustic farmhouse is currently listed at 379,000 euros (£316,600) on idealista and offers incredible views of Palma.

An exciting prospect for any green fingered expats, the property’s soil is ideal for growing olive trees.

The rustic property requires renovation but the new owners could even add a swimming pool.

Petra has around 3,000 residents and its surrounding natural landscape is perfect for cycling or hiking.

There are many vineyards located around Petra which offer tours and tastings to visitors.

‘Petra’ translates as rock in Latin and is a great choice for expats who don’t want to live in a tourist town.

The sleepy village has a weekly market where expats can purchase fresh fruit and vegetables.

Although Petra is an inland town, it’s only a half an hour trip to the seaside at the Bay of Alcúdia.

The coastal resort at Alcúdia is popular with tourists in the summer months and has a 3km beach as well as an 18 hole golf course.

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