Housing prices in the Islas Baleares province

Property prices trend in the province of Islas Baleares

The following graphs show price trends over time for all types of residential real estate in the province of Islas Baleares, both for sale and for rent.

In October 2024 the average price asked for residential properties for sale was € 4,900 per square meter, with an increase of 15.98% compared to November 2023 (4,225 €/m²). Over the past 2 years, the average price in the province of Islas Baleares has 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 January 2023: for a property for sale, the average price asked was € 3,432 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 16.17% compared to November 2023 (€ 16.14 monthly per square meter). Over the past 2 years, the average price in the province of Islas Baleares has 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 January 2023: for a rental property, the average price asked was € 13.67 per month per square meter.

Prices per square meter of the municipalities in the province of Islas Baleares

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.