The Balearic Islands lying off the Valencian and Catalonian coasts have been under Spanish sovereignty since the Romans incorporated them into their province of Hispania (which comprised the whole of the Iberian Peninsular). Together, the four main islands of Mallorca, Menorca, Ibiza and Formentera make up less than 1% of the area of Spain, with a total population of around 750,000. Because of government restrictions on development and limited land availability, prices on the islands are higher than on the mainland and it is difficult to find a well located property for less than €150,000. The islands are therefore the number one choice for buyers looking for luxurious properties, glamorous surroundings and the best weather. Homes on the islands are coveted by the rich and famous and Formula Ones Schumacher brothers are among the many owners of multi-million pound villas. Access to the Balearic islands from the UK is easy as there are numerous charter flights all year round. There are ferry connections to Ibiza from Denia and Barcelona and from Valencia to Ibiza and Palma. It is also possible to reach Mahon in Menorca by ferry from Barcelona.
