Mallorca, Menorca and Ibiza (and the tiny island of Formentera, off Ibiza) form the Balearic Islands in the Mediterranean.
On Mallorca, the madness of resorts like Magaluf sits alongside classy seaside villages and resorts where the Spanish royal family spends its summers and the likes of Richard Branson have homes. It has something for everyone, including the beautiful (and expensive) city of Palma, arty communities like Deià and Valldemossa along the northern coast and the more family-oriented resorts of the east coast. As well as villas and holiday apartments, beautiful and historic city-centre apartments and converted farmhouses in the interior are also popular.
Menorca is especially popular with British families. It is quieter, more easy-going and less expensive than its neighbours, but travelling there is less easy in winter.
No problems getting to Ibiza all year, where the party never stops. Although it may be known for its hedonistic lifestyle, Ibiza’s attractions also include rolling pine-covered hills and hidden coves. Property is among the most expensive in Spain.
Source. THE AIPP/RICS/RDE Guide to buying a property in Spain