'Paradise' island of s'Espalmador in the Balearics sold for £16m
Tehran (KNA) - A Spanish island described as an "unspoiled paradise" and which boasts a 13-bedroom house, chapel and watchtower, has been bought by a family from Luxembourg for €18m (£16m) "for their own use".
For decades tourists have been flocking to s'Espalmador - located in the Balearic Islands between Formentera and Ibiza - to enjoy its pristine beaches, crystal clear waters, picturesque coves and famed mud baths.Its previous Barcelona-based owners - Catalan architect Norman Cinnamond and his sister Rosy - whose ancestors are believed to have bought the island for the equivalent of €252 in 1932, put it on the market almost three years ago for €24m (£17m).
Its natural beauty is protected as it lies inside the Las Salinas Natural Park, and although s'Espalmador is one of the most coveted private islands in the world, its seafront is public land and is a favourite sunshine getaway for celebrities.
Source: NewsSky