Altamira – Santander’s real estate arm – are offering 200 homes with discounts of between 50pc and 58pc. One development in Menorca is particularly interesting.

The development in question is called Sa Caleta, on the edge of Ciutadella, Menorca’s second biggest city, in the north west of the island.

Spacious semi-detached homes of 237m2 with 4-beds, private terraces, communal gardens and pool, etc., from 260,000€.

I’ve been watching this development for more than a year. It started off too expensive, but now I think it’s a good price.

A couple of minutes walk from a pretty cove and small beach, I bet you could get a reasonable rental yield at this price.

Menorca is a gem, largely unspoiled by the building boom. If you are interested in property there, you might want to have a look at this.

Added to which 100pc financing and 40-year mortgage terms (in some cases).

I wish I could say that Santander Altamira were paying me for this, sadly not.

Check it out