House prices in Illes Balears province

At the average appraised value, a 90 m² home costs €358,272. With 10% down and a 30-year mortgage, the payment is €1,366 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.

31.3% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

Buyers living abroad bought 22.4% of the homes sold here in the four quarters to Q2 2026.

Appraised values have fallen by 3% or more once since 1995. That fall began in Q2 2008.

In 2024 the population grew by 17,184 while 2,717 homes were finished: 6.3 new residents for every new home.

16.2% of the 652,123 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

In 2025, 41% of the homes authorised were in existing buildings: conversions, extensions and changes of use.

Public bodies signed €4.6M of housing works here in 2025, and €4.6M since 2017.