Housing prices in the Illes Balears region

Property prices trend in the region Illes Balears

The following charts show price trends over time for all residential property types in the Illes Balears region, both for sale and for rent.

In October 2024 for residential properties for sale, was asked an average of € 4,900 per square meter, with an increase of 20.66% compared to October 2023 (4,061 €/m²). Over the past 2 years, the average price in the Illes Balears region reached its peak in the month of September 2024, with a value of € 4,914 per square meter. The month with the lowest asking price was December 2022: for a property for sale, the average price asked was € 3,347 per square meter.

In October 2024 the average price asked for residential rental properties was € 18.75 per month per square meter, with an increase of 17.19% compared to October 2023 (€ 16.00 monthly per square meter). Over the past 2 years, the average price in the Illes Balears region reached its peak in the month of October 2024, with a value of € 18.75 per square meter. The month with the lowest asking price was December 2022: for a rental property, the average price asked was € 13.41 per month per square meter.

Prices per square meter of the provinces in the region Illes Balears

During October 2024, the asking price for properties for sale in the province of Islas Baleares was highest in the municipality of Formentera, with € 10,394 per square meter. On the opposite, the lowest price was in the municipality of Sant Joan, with an average of € 2,144 per square meter.
During the same month, the asking price for rental properties in the province of Islas Baleares was highest in the municipality of Sant Joan de Labritja, with € 26.75 per month per square meter. The lowest price, instead, was in the municipality of Ariany with an average of € 3.11 per month per square meter.