Everything you ever wanted to know about the Balearic Islands

The Mediterranean’s most sought-after destination

The Balearic Islands are much more than the group of four stunning islands—Mallorca, Menorca, Ibiza, and Formentera—that have captivated travelers for decades. For international property buyers, these Mediterranean jewels represent one of Europe’s most compelling real estate opportunities, offering an unbeatable combination of year-round sunshine, robust rental markets, and a quality of life that has attracted over 200,000 international residents.

Whether you’re dreaming of a holiday home where your family can create lasting memories, seeking an investment property in one of Europe’s most visited destinations, planning your retirement in a place where healthcare exceeds expectations, or looking to establish a base for remote work in paradise, each island offers distinct advantages tailored to different property goals.

The numbers speak for themselves: with over 11 million tourists visiting annually, properties here benefit from exceptional rental demand. International buyers represent over 40% of all property purchases, with British, German, Dutch, and French nationals leading the way. The islands have recovered strongly from the 2008 crisis, with property values in prime locations now exceeding their historical peaks, yet still offering compelling value compared to similar destinations in France or Italy.

These pearls of the Mediterranean continue to be the preferred destination for discerning property buyers who understand that owning here isn’t just about bricks and mortar—it’s about securing a piece of one of Europe’s most desirable lifestyles.

Why are the Balearic Islands a paradise on earth?

One of the best destinations to spend the summer is Ibiza. If you’re looking for a party, this is the place to be. Apart from the mad nights, Ibiza also offers a range of other activities, including visiting its beaches and coves, savoring the variety of dishes and traditional island drinks, and purchasing handcrafted items at its local markets.

For lovers of culture, the Castell de Bellver, located in Palma de Mallorca (capital of the Balearic Islands), is one of the few in Europe with a circular floor plan. From its walls, you will have the best views of the Bay of Palma and the Sierra de Tramuntana.

On the same island of Mallorca, in the south, are the small Islands of “Es Vedrà”. This islet (one of the most visited points of the Balearic Islands) has a height of 385 meters, and since 2002, it has been considered a natural reserve (to enter, you need a permit).

If what you are looking for is more tranquillity, the islands of Menorca and Formentera are the best. The first, renowned for its coves and tranquil beaches, is the ideal destination for couples and families. The second, smaller, but no less visited (its proximity to Ibiza makes it a good day getaway), offers beaches that could be from the Caribbean itself, thanks to the green and turquoise colour of its waters.

Of course, the weather is outstanding. Check the monthly weather statistics for Mallorca before booking your holidays.

The Cathedral of Palma de Mallorca

Let’s start with gastronomy 🙂

Gastronomy is a fundamental part of the Balearic Islands, as they treasure a great diversity of exquisite, high-quality products, including oil, ensaimada, sobrasada, cheese, wine, flaó, herbs, and sea salt. All these products are deeply rooted in the land, its traditions, and the unique characteristics of each island, giving them a distinct identity based on authenticity, quality, and tradition. All these products can be found in markets, wineries, and restaurants. Furthermore, it is possible, and at the same time very advisable, to take any of these foods unique to these islands as a souvenir.

Must-See Places of the Balearic Islands and Prime Property Locations

According to data from the National Institute of Statistics (INE), the population of the Balearic Islands exceeds 1,100,000 people. The most populated island is Mallorca, with almost 900,000 inhabitants. Ibiza and Menorca have around 100,000 inhabitants, while Formentera has a population of just over 10,000 people.

Understanding what makes each area special is crucial when choosing where to invest your money and your future. The Balearic Islands offer far more than beautiful beaches—each location has its own story and provides different opportunities for property buyers.

Mallorca: The Island That Has Everything

Palma Cathedral and the Historic Center form the beating heart of Balearic life, where Gothic architecture meets contemporary Mediterranean living. The area surrounding the cathedral, known as Casco Antiguo, has become increasingly sought-after by international buyers seeking luxury apartments and historic buildings with character. Properties here aren’t just homes—they’re pieces of living history, with many buildings dating back centuries, now carefully restored to offer modern amenities while preserving their authentic charm. The neighborhood’s proximity to Palma’s best restaurants, galleries, and cultural sites makes it particularly attractive to buyers who want to immerse themselves in authentic Spanish culture while enjoying urban conveniences.

The Serra de Tramuntana, designated a UNESCO World Heritage site, offers a completely different property experience. This dramatic mountain range, stretching along Mallorca’s northwest coast, is home to some of the island’s most exclusive fincas and rural estates. Properties in this area often come with olive groves, citrus orchards, and panoramic views that extend to the sea. The mountain villages of Valldemossa, Deià, and Soller have become magnets for international celebrities and artists, driving property values while maintaining their authentic Mallorcan character. For buyers seeking privacy, natural beauty, and investment potential, the Tramuntana region represents some of the island’s finest opportunities.

Soller Valley deserves special mention for its unique combination of accessibility and authenticity. The famous vintage train that connects Palma to Soller isn’t just a tourist attraction—it’s a testament to the area’s enduring appeal. Properties in Soller town and the coastal Port de Soller benefit from this direct connection to the capital while maintaining their traditional charm. The valley’s citrus groves and traditional architecture create an atmosphere that attracts both holiday home buyers and those seeking permanent relocation.

Alcudia’s Roman ruins and family beaches represent northern Mallorca’s appeal to families and cultural enthusiasts. The well-preserved Roman walls and archaeological sites create a unique backdrop for property ownership. At the same time, the excellent beaches and family-friendly infrastructure make this area particularly appealing to buyers with children. Properties here benefit from consistent tourism demand while offering access to some of the island’s most important historical sites.

Valldemossa village has achieved legendary status among international property buyers, thanks partly to its association with Chopin and George Sand. This picturesque mountain village offers some of Mallorca’s most exclusive properties, where traditional stone architecture meets modern luxury. The village’s artistic heritage continues to attract creative professionals and cultural enthusiasts who value both beauty and authenticity in their property investments.

Cala Mondragó Natural Park represents the growing trend toward eco-luxury property development. This protected area offers properties that strike a balance between environmental responsibility and luxury living, appealing to buyers who prioritize sustainability without compromising on quality. The natural park’s protection ensures that development remains limited, supporting long-term property values.

The island of Mallorca can be reached by boat or plane (its airport is the third-largest in Spain). There are also multiple sea connections with Ibiza, Menorca, Barcelona, Valencia, and other cities in Spain and the Mediterranean. The airport of Mallorca offers routes to the main cities of Spain and Europe. Many roads can take you anywhere on the island. There is also a train line that crosses the island from the south (Palma de Mallorca) to the north.

Ibiza: Where Lifestyle Meets Investment Returns

Dalt Vila, Ibiza’s UNESCO-protected old town, represents the pinnacle of exclusive Mediterranean living. Properties within these ancient fortified walls are among the most coveted real estate assets in Europe. The combination of historical significance, stunning harbor views, and proximity to the island’s cultural heart creates property values that have consistently outperformed broader market trends. For buyers who can afford the premium pricing, Dalt Vila offers not just a home, but membership in one of the Mediterranean’s most exclusive communities.

The western coastline, dominated by the mystical Es Vedra rock formation, has become synonymous with luxury living. Villas perched on cliffs overlooking this dramatic seascape command some of Spain’s highest property prices, but also deliver exceptional rental returns from visitors willing to pay premium rates for this iconic setting. The sunset views from these properties have become Instagram-famous, driving demand from both traditional luxury buyers and a new generation of digital influencers and entrepreneurs.

Sant Antoni’s Sunset Strip offers a unique investment opportunity, centered on the tourism infrastructure that drives Ibiza’s economy. Properties here benefit from the island’s reputation as a world-class entertainment destination; however, buyers should carefully consider the balance between rental income potential and their lifestyle preferences.

The Cala d’Hort beach area offers some of Ibiza’s most dramatic natural settings, with properties providing direct views of Es Vedra and access to pristine beaches. The area has become popular with buyers seeking luxury accommodations that prioritize natural beauty over proximity to nightlife.

Las Salinas salt flats and beach represent Ibiza’s unique combination of natural protection and luxury development. The area’s status as a nature reserve limits new construction while providing a stunning backdrop for existing properties. This combination of environmental protection and luxury amenities creates a unique value proposition for discerning buyers.

In Ibiza, a well-developed road network connects every corner of the island, and various bus lines serve the populated areas. The airport of Ibiza has flights to the largest cities in Spain and Europe. There are also boat connections to the other Balearic Islands (Mallorca, Menorca, and Formentera), as well as to Barcelona and Valencia.

Menorca: The Peaceful Investment

Ciutadella, Menorca’s former capital, showcases some of the most elegant architecture in the Balearics. The town’s historic port, lined with noble palaces and traditional fishermen’s houses, creates a sophisticated atmosphere that attracts discerning property buyers. Unlike Ibiza’s party scene or Mallorca’s bustling tourist areas, Ciutadella offers refined tranquility. Properties here, whether historic town houses overlooking the port or modern apartments near the marina, appeal to buyers who appreciate authentic Mediterranean culture without the crowds.

The island’s pristine southern beaches, including the famous Cala Macarella and Cala Turqueta, remain largely undeveloped thanks to Menorca’s UNESCO Biosphere Reserve status. This protection means that properties near these beaches are rare and highly valued. For investment buyers, this scarcity creates long-term value protection that’s difficult to find elsewhere in the Mediterranean.

Menorca also has a well-developed road network that connects every corner of the island. The airport of Menorca, located near Mahón, has connections to the main Spanish cities. Additionally, there are boat connections to the other Balearic Islands (Mallorca, Ibiza, and Formentera), as well as to Barcelona and Valencia.

Monte Toro, the island’s highest point, offers properties with 360-degree views across the entire island. The central location provides easy access to both the north and south coasts while maintaining the rural tranquility that makes Menorca special. Properties in this area appeal to buyers seeking authentic island living without sacrificing accessibility.

Mahón, the capital, boasts a unique blend of British colonial architecture that reflects the island’s fascinating history. The natural harbor, one of the largest in the Mediterranean, provides a dramatic setting for waterfront properties. The town’s Georgian influences create a distinctive architectural character that sets Menorcan properties apart from other Mediterranean destinations.

Formentera: The Ultimate Exclusive Retreat

Ses Illetes beach, consistently ranked among the world’s finest, defines Formentera’s appeal to ultra-high-net-worth individuals seeking luxury properties. The handful of properties with direct beach access or sea views command prices that rival the French Riviera, but with the authenticity and tranquility that have largely disappeared from other Mediterranean hotspots. For buyers seeking the ultimate exclusive retreat, Formentera offers what money often can’t buy elsewhere—genuine isolation and pristine natural beauty.

The island’s eastern plateau around La Mola lighthouse has become a haven for artists and creative professionals, creating a unique micro-market for characterful properties that blend traditional architecture with contemporary artistic vision. These properties appeal to buyers who value creativity and authenticity over pure luxury.

Estany Pudent lagoon and natural reserves provide opportunities for buyers who prioritize environmental consciousness. Properties near these protected areas offer unique natural settings while supporting the island’s commitment to sustainable development. The limited availability of such properties creates natural scarcity that promotes long-term value appreciation.

Formentera, the smallest of the Balearic Islands, features a main road that runs the entire length of the island. The rest are dirt roads that lead to the beaches. The port has multiple daily connections with Ibiza.

Choosing Your Island: Matching Properties to Your Lifestyle Goals

Each island in the Balearic archipelago has developed its own character and property market dynamics. Understanding these differences is crucial for making informed investment decisions tailored to your specific needs and goals.

For Holiday Home Buyers

Mallorca remains the overwhelming favorite for families and couples seeking a holiday home they’ll use regularly throughout the year. The island’s superior infrastructure ensures that even if you visit for only a few weeks annually, your property remains accessible and well-maintained. The extensive flight network from Northern Europe—with direct connections to over 100 European cities—makes spontaneous weekend breaks entirely feasible. Property management services are well-established, offering a range of services from basic maintenance to complete concierge services for arriving guests.

Menorca appeals to holiday home buyers who prioritize tranquility over convenience. The island’s deliberate development restrictions mean fewer crowds and a more authentic experience, but this comes with trade-offs in terms of flight connectivity and service availability. For families with young children or buyers who prefer peaceful relaxation over nightlife and activities, Menorca’s offering is unmatched in the Mediterranean.

Ibiza offers the most dynamic holiday home experience, particularly for buyers who appreciate the island’s world-renowned social scene. The combination of luxury amenities, vibrant nightlife, and beautiful beaches creates a unique atmosphere that appeals to buyers seeking excitement alongside relaxation. However, the higher prices and seasonal crowds require careful consideration of usage patterns and investment goals.

Formentera represents the ultimate in exclusive holiday home ownership, offering privacy and natural beauty that’s increasingly rare in the Mediterranean. The limited property availability and extremely high prices mean this option is reserved for buyers who prioritize exclusivity above all other considerations.

For Investment Property Buyers

Ibiza continues to deliver the strongest rental yields in the Balearics, with prime properties achieving annual returns that can exceed 8-10%. The island’s reputation for luxury and exclusivity allows property owners to command premium rental rates year-round, not just during summer months. However, these higher returns come with higher purchase prices and increased competition from other investors.

Mallorca offers more balanced investment opportunities, with steady yields of 4-6% and lower volatility, compared to Ibiza. The diversified tourism market—from cultural tourists visiting Palma to hiking enthusiasts in the mountains—creates year-round demand, reducing seasonal rental risks. For investors seeking steady returns with capital preservation, Mallorca’s established market provides reassuring stability.

Menorca represents the archipelago’s best value opportunity for patient investors. Current property prices remain below their potential given the island’s UNESCO protection and improving tourism infrastructure. The limited new supply due to environmental restrictions creates long-term scarcity value that should support price appreciation over time.

Formentera offers investment opportunities for ultra-high-net-worth individuals seeking trophy assets rather than traditional rental yields. The extreme exclusivity and limited supply create a market more similar to art collecting than conventional real estate investment.

For Retirement Living

Mallorca’s healthcare infrastructure makes it the clear choice for retirees prioritizing medical access and quality. The island’s university hospital rivals any European medical facility, while the large international community ensures English-speaking healthcare professionals are readily available. The established expatriate community, comprising over 80,000 international residents, means newcomers can easily find social connections and practical support.

For retirees seeking a quieter pace of life, Menorca offers excellent healthcare in Mahón combined with a more intimate island community. The lower cost of living and reduced tourist pressure create an environment where retirees can integrate more easily into local life while still maintaining connections to international culture.

Ibiza attracts retirees who want to maintain an active social life within an international community. The island’s year-round cultural calendar and sophisticated dining scene appeal to retirees who view their relocation as an opportunity for new experiences rather than a quiet retreat.

Formentera appeals to retirees seeking ultimate tranquility and connection to nature. The island’s small size and limited development create a unique environment for those who prioritize peace and natural beauty above urban conveniences.

For Digital Nomads and Remote Workers

Mallorca has emerged as a significant hub for remote work, with Palma developing a thriving co-working scene and startup ecosystem. The island’s fiber internet infrastructure now matches that of major European cities, while the international business community offers networking opportunities that can enhance career development alongside lifestyle benefits.

Ibiza attracts creative professionals and entrepreneurs who value the island’s inspirational environment and the networking opportunities it offers within the creative industries. The higher cost of living is often justified by the unique business connections and innovative collaborations that emerge from the island’s dynamic international community.

Menorca offers remote workers seeking work-life balance in a peaceful environment. The improving internet infrastructure and lower costs make it attractive to digital nomads who prioritize tranquility and natural beauty over urban amenities and networking opportunities.

Formentera provides the ultimate retreat for remote workers who can operate independently and value complete disconnection from urban pressures. The limited infrastructure makes this option most suitable for established professionals who don’t require extensive business networking or services.

Balearic Islands map

Our Balearic Islands map is available for easy download. Don’t hesitate.

Find everything on the Costa del Blanca: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities, and last but not least the top beaches.

Download our map of the Balearic Islands here

The Reality of Living in the Balearics

Beyond the apparent attractions of sunshine and beaches, international residents discover that the Balearic Islands offer a quality of life that often exceeds their expectations, supported by infrastructure and services that make permanent or extended living both comfortable and practical.

Healthcare Excellence that exceeds expectations

The Balearic Islands’ healthcare system consistently ranks among Europe’s finest, often surprising newcomers with its quality and accessibility. The main hospital in Palma, Son Espases, is a state-of-the-art facility that serves as a teaching hospital for the University of the Balearic Islands, ensuring access to the latest medical innovations and specialist treatments. International residents regularly comment that healthcare here exceeds what they experienced in their home countries, both in terms of quality and responsiveness.

For non-EU residents, private healthcare insurance costs significantly less than equivalent coverage in Northern Europe while providing access to the same high-quality facilities and English-speaking medical professionals. The mild climate contributes to improved health outcomes, with many residents reporting improvements in conditions such as arthritis, respiratory issues, and overall well-being after relocating to the islands.

Education and Family Life

International families find that the islands offer exceptional educational opportunities that often surpass what’s available in major European cities. The British School of Mallorca, Queen’s College, and other international institutions offer world-class education based on familiar curricula, complemented by the invaluable benefit of multilingual development. Children typically become fluent in Spanish and Catalan while maintaining their native language, creating advantages that last throughout their lives.

The outdoor lifestyle available year-round means children develop strong connections to nature and outdoor activities that are increasingly rare in urban European environments. Many families report that their children become more independent, confident, and culturally aware as a result of growing up in this international island community.

The Digital Revolution

The transformation of internet infrastructure across the islands has been remarkable, with fiber connections now reaching even remote rural properties. This digital revolution has enabled the islands to attract a new generation of remote workers and digital entrepreneurs who can maintain international careers while enjoying Mediterranean living. Palma’s co-working spaces have become networking hubs where international professionals collaborate on projects spanning multiple continents.

Community and Integration

Perhaps most surprisingly for newcomers, the Balearic Islands have developed some of Europe’s most welcoming international communities. Unlike traditional expatriate enclaves that remain separate from local culture, the islands’ international residents often develop deep connections with Spanish neighbors and a genuine appreciation for local traditions. This integration is facilitated by the inherently relaxed Mediterranean approach to life and the islands’ long history of welcoming visitors who choose to make them their home.

The cost of living, although higher than in mainland Spain, remains significantly lower than in equivalent lifestyle destinations in Northern Europe. A comfortable lifestyle that might require substantial wealth in London, Paris, or Amsterdam becomes accessible to middle-class professionals in the Balearics, creating opportunities for life changes that seemed impossible in more expensive European cities.

Events and parties

As it is, the Balearic Islands also have a wide range of parties. For example, in Palma de Mallorca the city day is celebrated on January 20 (fiestas de San Sebastián) where small bonfires called ” foguerons ” are made. On the same island, in Pollença, the Feast of Our Lady of the Angels is celebrated on August 2, where Joan Mas’s fight against the invading pirates is reenacted.

In Mahón, Menorca, the carnival is celebrated in February. On the same island, specifically in Ciutadella, the Fiestas de San Juan are celebrated at the end of June, making it one of the most attractive festivals in Spain. The celebration of this population dates back more than 600 years. One of the highlights of the celebrations is when the horses get caught up in the crowd of the public.

On August 24, San Bartolomé celebrates essential cultural and sports festivities in San Antonio, Ibiza.

In Formentera, on August 5, a very popular party is celebrated, that of Santa María de las Nieves, with cultural events.

Cala Agula, Mallorca

The Balearic Islands Property Market

Outperforming Spain in a challenging environment

The real estate market in the Balearic Islands has delivered one of Europe’s most impressive property market performances, significantly outpacing both national trends in Spain and most international alternatives. The data reveal a market that has not only recovered from previous challenges but has also established itself as a premium European destination, where scarcity and international demand continue to drive exceptional returns.

Outstanding Price Performance: nearly 10% annual growth

The numbers tell a compelling story of market strength. From the first quarter of 2022 to the end of 2024, Balearic property prices surged from €2,511 to €3,316 per square meter—a remarkable 32.1% total appreciation over three years, representing an annualized growth rate of 9.7%. This performance becomes even more impressive when compared to the Spanish national market, which grew from €1,734 to €1,972 per square meter over the same period, delivering a total growth of 13.7% and a more modest annualized appreciation of 4.4%.

Balearic Islands property market performance vs Spain mainland through December 2024, showing 77% total growth since 2013 compared to Spain’s 34%, with current prices at €3,316/m² vs €1,972/m² nationally. The chart illustrates three distinct market phases: synchronized growth (1995-2007), crisis response (2008-2014), and premium market emergence (2015-2025) across four diverse island property markets.

The Balearic Islands haven’t just outperformed the national market—they’ve dramatically expanded their premium positioning. In early 2022, Balearic properties commanded a 45% premium over the national average in Spain. By the end of 2024, this premium had expanded to 68%, reflecting growing international recognition of the islands’ unique value proposition. This expanding premium suggests that the Balearics are increasingly viewed as a distinct asset class rather than simply expensive Spanish real estate.

Market Resilience despite volume normalization

While prices have soared, transaction volumes tell a more nuanced story that strengthens the investment case. Quarterly transactions in the Balearics declined from 4,797 in Q1 2022 to 4,295 in Q4 2024, representing a 10.5% decrease over the three years. However, this decline closely mirrors the Spanish national pattern, where transactions fell from 175,383 to 159,051 quarterly sales, a 9.3% decrease over the same period.

This parallel decline suggests that the Balearic market isn’t experiencing unique demand challenges but rather reflecting broader European real estate normalization following the post-pandemic surge. The critical difference lies in price resilience: while transaction volumes normalized, Balearic prices continued their upward trajectory, indicating that serious buyers remain willing to pay premium prices for quality properties.

The Quality over Quantity market dynamic

The combination of declining transaction volumes with accelerating price growth reveals a market increasingly driven by quality rather than quantity. The peak quarterly activity of 5,365 transactions in Q2 2022 coincided with the post-pandemic reopening rush, when pent-up international demand created exceptional market activity. As this initial surge normalized, the market has settled into a pattern where fewer, but more committed buyers, compete for the limited premium inventory.

This evolution benefits serious property buyers in multiple ways. The reduced speculative activity means fewer properties being purchased purely for short-term flipping, while sustained price growth validates long-term value creation. International buyers now compete primarily with other serious owners rather than opportunistic speculators, creating a more stable foundation for community development and property maintenance standards.

Comparative Performance: Why the Balearics Lead

The 9.7% annual price appreciation in the Balearics, compared to 4.4% nationally, reflects fundamental differences in market dynamics. While mainland Spanish markets benefit from urban development and economic growth, the Balearics offer something increasingly rare: genuine scarcity combined with growing international demand.

The Spanish national market, despite solid performance, faces the reality of virtually unlimited developable land in many regions. The Balearics, constrained by UNESCO protections, water limitations, and environmental regulations, are unable to increase their supply to meet growing demand. This scarcity premium, reflected in the expanding price differential with mainland Spain, creates structural support for continued appreciation that doesn’t exist in markets with flexible supply responses.

Island-Specific Performance Within the Archipelago

While the overall Balearic figures show exceptional performance, individual islands have experienced varying degrees of appreciation. Formentera has achieved the extraordinary distinction of becoming Spain’s most expensive municipality, with prices reaching €9,000 per square meter in December 2024. Prices have remained high, with values above €10,000 per square meter in recent months. This places the island among the Mediterranean’s most exclusive real estate destinations.

Ibiza continues to command exceptional prices across different market segments, with prime municipalities like San José averaging €8,000 per square meter, while maintaining its position as a year-round luxury destination rather than just a summer party spot. The island’s evolution has attracted ultra-high-net-worth individuals who view properties as alternative investments comparable to art or rare collectibles.

Mallorca’s diverse market has consistently delivered strong returns, with remarkable regional variation. Prime Palma neighborhoods have experienced extraordinary growth, with 2024 providing an annual appreciation of 24.5% to reach more than €5,000 per square meter, making it Spain’s fourth most expensive capital city. The contrast with more affordable areas, such as Sa Pobla, at under €2,000 per square meter, highlights the island’s unique ability to cater to different buyer segments while maintaining a premium positioning across all price ranges.

Menorca, starting from a lower baseline, has delivered exceptional value appreciation while maintaining its position as the archipelago’s most accessible entry point. Despite average prices remaining below those of other islands, the UNESCO protection and growing recognition create significant appreciation potential for patient investors.

Investment Returns in an international context

The 9.7% annual appreciation rate places Balearic real estate among Europe’s top-performing asset classes over the recent period. These returns exceed those of most European stock markets, bond yields, and alternative investments, while also providing the additional benefits of personal use and rental income potential. When combined with rental yields of 4-8% depending on location and property type, total returns for well-positioned Balearic properties have regularly exceeded 15% annually.

More importantly for long-term investors, these returns have been delivered during a period of rising interest rates, economic uncertainty, and geopolitical tensions that challenged most traditional investments. The resilience of Balearic property values during challenging global conditions suggests strong fundamental demand that transcends typical economic cycles.

Market Outlook: structural strengths support continued growth

The expanding premium over Spanish national prices—from 45% to 68% in just three years—indicates that the Balearics are increasingly viewed as a distinct market rather than expensive Spanish real estate. This differentiation, combined with limited supply growth and expanding international demand from remote workers, retirees, and investors, creates structural support for continued outperformance.

The normalization of transaction volumes at elevated price levels suggests the market has reached a mature equilibrium where serious buyers recognize current pricing as fair value rather than speculative excess. For property buyers considering 2025 purchases, this combination of proven performance, structural scarcity, and international demand validation creates compelling investment fundamentals that extend well beyond traditional real estate cycles.

The Balearic Islands have established themselves not only as premium Spanish destinations but also as European lifestyle assets where a limited supply meets an unlimited international appeal. This combination continues to deliver exceptional returns for informed property buyers. Remote working and quality of life could have helped the beautiful islands, as we wrote in our article: Spain is one of the best countries in the world for remote work.

Foreigners are very active in the region:

“British, Germans, Dutch and French are the biggest buyers”.

Chart with the real estate price evolution for the Balearic Islands since 1995

Real Estate prices in Mallorca are 68% higher than the national average and have returned to their highest prices since 2007. Activity is vigorous, nearly back to the pre-COVID period.

Current Market Pricing by Island

Foreigners remain exceptionally active across all islands, with British, German, Dutch, and French buyers continuing as the dominant international purchasers. The current pricing levels reflect not only recovery from previous challenges but also a genuine market transformation driven by fundamental changes in how international buyers value lifestyle assets.

• • Formentera leads the ultra-premium market, with prices above €9,000 per square meter, making it Spain’s most expensive municipality. This extraordinary pricing reflects the island’s unique combination of pristine natural beauty, minimal developable land, and growing recognition among ultra-high-net-worth individuals seeking the ultimate exclusive retreat.

• • Ibiza maintains its position as the established ultra-premium market, with significant variation reflecting different luxury market segments. The three most expensive municipalities remain Sant Josep de sa Talaia and Santa Eulalia des Riu, both above €4,000/m², and Ibiza town above €3,500/m², demonstrating the island’s ability to serve both ultra-luxury buyers and those seeking entry into the Ibiza market at more accessible price points.

• • Mallorca exhibits sophisticated diversity within its premium territory, with the most exclusive areas of Calvià, particularly Portals Nous-Bendinat, reaching €8,500 per square meter. Meanwhile, Palma‘s remarkable growth, surpassing €5,000 per square meter, reflects the capital’s evolution into a sophisticated urban market that rivals major European cities.

• • Menorca remains the most accessible entry point into Balearic property ownership, while also fully participating in the overall market appreciation. The island’s UNESCO protection and deliberate development restrictions create long-term scarcity value that supports sustained appreciation potential.

Getting Started: Your Path to Balearic Property Ownership

The opportunity to own property in the Balearic Islands represents more than a real estate transaction—it’s a gateway to a lifestyle that combines Mediterranean tranquility with modern conveniences, financial returns with personal fulfillment, and international sophistication with authentic local culture.

The market data, lifestyle benefits, and investment performance all point to the same conclusion: the Balearic Islands have evolved from seasonal destinations to year-round lifestyle choices for discerning international buyers. Whether your goal is creating family memories in a holiday home, building wealth through strategic investment, enjoying a healthy and fulfilling retirement, or establishing a base for location-independent work, these islands offer proven opportunities for achieving your objectives.

The key to success lies in understanding that each island serves different needs and preferences. The diversity within the archipelago means that buyers can find their perfect match while participating in one of Europe’s strongest property markets. From Formentera’s ultra-exclusive retreats to Menorca’s value opportunities, from Ibiza’s dynamic luxury market to Mallorca’s sophisticated diversity, the Balearic Islands offer something exceptional for every serious property buyer.

With our team of over 100 local real estate partners, HowtobuyinSpain helps foreigners navigate this remarkable market with confidence. Our local experts are active in all the fields you need to find your Spanish dream property, ensuring that your journey to Balearic property ownership is as rewarding as the destination itself.

The Mediterranean lifestyle you’ve imagined is not just possible—it’s proven, profitable, and waiting for you to discover it in the Balearic Islands.

For expert guidance on finding your perfect property in the Balearic Islands, connect with our network of vetted local professionals who understand both the market dynamics and the lifestyle dreams that bring international buyers to these exceptional islands. Françoise, Sofia, Luca, and Jeremy are our local property hunters in the Balearic Islands, ready to assist you with your property search. They will make it happen for you!

Check the Ibiza property Market and the Balearic Islands property market in our quarterly report dedicated to the analysis of the Spanish real estate market.

Discover the best new build projects in the Balearic Islands available right now.

Read our earlier article on Palma de Mallorca if you want to learn more: Mallorca, a paradise in the middle of the Mediterranean

Are you looking for a local partner, such as a lawyer or property hunter, on the Costa del Sol? Don’t look further, check our team and ask us for the correct contact.

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Balearic Islands map – details

Here are all the main items you’ll find in our Balearic Islands infographic.

• Airport: Ibiza, Menorca, Palma de Mallorca
• Ave stations: –
• Cities: Manacor (40,300 inhabitants), Inca (25,900 inhabitants), Pollensa (16,200 inhabitants), Alcúdia (19,300 inhabitants), Ibiza (132,600 inhabitants), Ciutadella de Menorca (28,600 inhabitants), Mahón (28,100 inhabitants), Palma de Mallorca (402,900 inhabitants),
• UNESCO sites: None. Find all the UNESCO Sites in Spain on our page: “10 reasons why you should buy in Spain”
• Top beaches: Balnearion de San Juan, Plage de Ses Illetes (Formentera), Cala Comte (Ibiza), Playa de Muro Beach (Playa de Muro), Cala Pregonda (Minorque), Cala Macarelleta (Minorque), Port de Pollença Beach (Port de Pollença), Playa de Alcudia (Port d’Alcudia), Playa de Son Bou (Alaior), Playa de Llevant (Formentera), Cala Turqueta (Ciudadela), Cala Mitjana (Cala Galdana), Playa de Migjorn (Migjorn), Cala Saladeta (Sant Antoni de Portmany), Cala Millor Beach (Cala Millor)
• Kids Parks: “Western Water Park (Magaluf), Forestal Park Mallorca (Palma de Mallorca), Aqua Center (Cala’n Blanes) Katmandu Park (Magaluf), Jungle Parc (Santa Ponsa), Marineland Majorca (Calviá), Hidropark (Port d’Alcudia), Wave House (Magaluf), Aqualand El Arenal (El Arenal), Katmandu Park (Magaluf) .
• Shopping Malls & Outlets: Centre Comercial S’Escorxador, Centro Comercial Porto Pi, Fan Mallorca Shopping (Palma de Mallorca)
• Traditional & Flea markets: Binissalem (Mallorca), Las Dalias (Ibiza), Ciutadella (Menorca), Palma de Mallorca (Mallorca), Calviá (Mallorca), ahón (Menorca), Ferreries (Menorca)
• Top golf courses: Son Gual Alcanada, Son Muntaner, Son Vida Maioris, Vall d’Or Puntiro Play with the best golf clubs sets in Spain thanks to our local partner.
• Natural Parks: Cabrera Archipelago Parc Natural de Mondrago (Cala d’Or), Lithica (Ciutadella), Parque natural s’Albufera de Mallorca (Can Picafort), Artestruz Mallorca (Campos), Parc Nacional de Cabrera (Colonia de Sant Jordi), La Gola (Port de Pollenca), Parc Natural de la Península de Llevant, Parc Natural Ses Salines d’Eivissa i Formentera, Mondragó Natural Park, Sa Dragonera Natural Park, Archipiélago de Cabrera National Park
• University: Universitat de les Illes Balears (Palma de Mallorca)
• Hospitals: Hospital Universitari Son Espases, Hospital Son Llàtzer (Palma de Mallorca)

Read further on the Balearic Islands and Spain

1. TOURIST OFFICES:
   • Palma de Mallorca
   • Ibiza
2. AIRPORTS: All the Spanish Airports and flights info on the official site of AENA
3. TRAINS: Renfe website
4. BEACHES: Where will you find the top beaches in Spain?
5. GOLFS: Reread our Summer paper on the subject What are the top golf courses in Spain? Play with the best golf clubs sets in Spain thanks to our local partner. Check the Spanish Federation here: Looking for a Golf Club in Spain?
6. KIDS PARKS: Our selection of the Top parks for children in Spain
7. MUST VISIT IN SPAIN: Our top 5 UNESCO World Heritage Sites in Spain, Find all the Unesco sites in Spain

Find all our other articles and downloadable maps on the Spanish Costas:

With our team of over 100 local real estate partners, HowtobuyinSpain helps foreigners buy real estate in Spain.

Our local experts from our network are active in all the fields you need to find your Spanish dream property:

1. Property finders
2. B&B
3. Lawyers
4. Tax
5. Architects
6. Money Transfer
7. Mortgage
8. Holiday rental management
9. Ensure your Spanish property
10. Property survey
11. Renovation

Looking for an expert in Spain? Ask us directly!

Stéphane

Senior Analyst and Strategist at HTBIS

Check the full team at HTBIS here

The post Discover the Balearic Islands appeared first on How to buy in Spain.

Spain has about 8,000 kilometres of coastline and 3,000 listed beaches, only Italy has a longer coastline in Europe! It’s not a surprise: Spain is one of “the” top tourist destination for European with more than 20% of European travellers. For those in search of sun and sand at any time of year,… yes, you found it!

You will find excellent facilities and sandy beaches in all the Spanish Regions. In 2022, 120.000 properties were bought by foreigners! Have a look at our detailed analysis if you want to read more on that: Who are the foreigners buying properties in Spain?

How could you quickly find a nice beach in Spain?

Of course, you have to ask it to the local residents. But we want to help you if you want to plan before getting there! Don’t hesitate to tell us, should you think we missed one! We helped you with four sources:

1.Our top beaches sorted per Spanish Costas

We have created Infographics for the main Spanish Costas. You will find on those everything you should know on the Spanish Costas: Airports, AVE stations, Cities, Traditional & Flea markets, Outlets, Shopping malls, Unesco sites, kids parks, Natural parks, Golf courses, Universities and of course the top beaches.

All our infographics on the Spanish costas

2.The Blue Flag rating: 579 beaches in Spain

3.The Q rating: 248 beaches in Spain

4.The Top 10 Spanish beaches according to the Tourist Bureau

1. Our ranking of the best beaches in Spain sorted by Costas

We have created a series of “Must see activities” for each Spanish Costas and incorporated those in our newly released infographics. Click on any link and you will find a pdf downloadable version of each of those infographics.

The best beaches in the Spanish Islands

The best beaches in the Balearic Islands

• Balnearion de San Juan
• Playa Illetes (Formentera)
• Cala Comte (Ibiza)
• Playa de Muro Beach (Playa de Muro)
• Cala Pregonda (Minorque)
• Cala d’Hort (Ibiza)
• Cala Macarelleta (Minorque)
• Port de Pollença Beach (Port de Pollença)
• Playa de Alcudia (Port d’Alcudia)
• Playa de Son Bou (Alaior)
• Playa de Llevant (Formentera)
• Cala Turqueta (Ciudadela)
• Cala Mitjana (Cala Galdana)
• Playa Aguas Blancas (Ibiza)
• Playa de Migjorn (Migjorn)
• Cala Saladeta (Sant Antoni de Portmany)
• Cala Millor Beach (Cala Millor)

Find everything on the Balearic Islands: its Airports, stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches.

The best beaches in Canary Islands

• Pozo de la Salud (El Hierro)
• Playa de Cofete (Morro del Jable)
• Playa de las Conchas (Isla de Graciosa)
• El Cotillo Beach & Lagoons (El Cotillo)
• Playa de Benijo (Almaciga)
• Sotavento Beach (Costa Calma)
• Playa de Sotavento (Playa de Jandia)
• Playa del Matorral (Pajara)
• Playa de Las Canteras (Las Palmas de Gran Canaria)
• Monumento Natural de Ajuy (Fuerteventura)
• Playa Del Duque (Costa Adeje)
• Playa Dorada Beach (Playa Blanca)
• Piscinas Naturales El Caleton (Garachico)
• Playa El Bollullo (Puerto de la Cruz)
• Playa de las Vistas (Los Cristianos)
• Playa de Maspalomas (Maspalomas)

Know everything on the Canary Islands: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

The best beaches in the Spanish Costas

The best beaches in the Costa de Almería

• Balneario de Sierra Alhamilla (Almería),
• Monsul Beach (San Jose),
• Playa de los Muertos (Carboneras),
• Serena Beach (Roquetas de Mar),
• Playa de los Genoveses (Cabo de Gata),
• Playa de Aguadulce (Aguadulce),
• Cala de Enmedio (Agua Amarga),
• El Playazo (Rodalquilar),
• Garrucha Beach (Garrucha),
• Playas de Vera (Vera),
• Cala del Plomo (Agua Amarga)

Know everything on the Costa Almeria: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

The best beaches in the Costa de Azahar

• Playa Almadrava (Benicàssim),
• Playa Benicarló (Benicarló),
• Balneario Villavieja (Castellón),
• Playa Marina D’Or (Castellón),
• Playa Romana(Castellón),
• Playa Moro (Alcocébre),
• Playa Sant Antoni (Cullera),
• Playa Gandia (Gandia),
• Playa Serradal(Alcocébre),
• Playa Xeraco (Xeraco),
• Playa Peñiscola (Peñíscola),
• Playa Alcossebre (Alcocébre),
• Playa Benicàssim (Benicàssim),
• Playa Vinaros (Vinarós)

Know everything on the Costa Azahar: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

The best beaches in the Costa Barcelona

• Balneario Titus (Arenys de Mar),
• Balneario Hotel Colón (Caldes d’Estrac),
• Santa Susanna,
• Malgrat de mar (Maresme),
• PREMIÀ DE MAR (Maresme),
• San Bartolomé y santa Tecla,
• Vilassar de mar (Barcelona),
• playa principal de Calella (Calella),
• Roca Grossa (Calella), Barceloneta Beach (Barcelona),
• La Playa de Sitges (Sitges),
• Beach Castelldelfels Barcelona (Castelldefels),
• Playa de Castelldefels (Castelldefels),
• Playa Balmins (Sitges),
• Bogatell Beach (Barcelona),
• Platja de Ribes Roges (Vilanova i la Geltru),
• Badalona Beach (Badalona),
• Passeig Marítim (Sitges),
• Nova Mar Bella Beach (Barcelona),
• Playa de Sant Sebastia (Sitges),
• Ocata Beach (El Masnou),
• Delta del Llobregat (El Prat de Llobregat),
• Playa del Hombre Muerto (Sitges),
• Sausalito Beach (Sitges),
• Platja de la Nova Icaria (Barcelone),
• Platja de Gava (Gava)

Know everything on the Costa de Barcelona: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

The best beaches in the Costa Blanca

• Poniente Beach (Benidorm),
• Playa de la Fossa o Levante (Calpe),
• Arenal Beach (Javea),
• Las Salinas de Torrevieja (Torrevieja),
• Promenade of Calpe (Calpe),
• Guardamar Moncayo Beach (Guardamar del Segura),
• Cala Finestrat Beach (Finestrat),
• Playa del Albir (El Albir), Playa El Carabassi (Elche),
• Cala del Moraig (Benitachell),
• Playa de Guardamar (Alicante),
• Altea Beach (Altea),
• Playa L’Ampolla (Moraira)

Know everything on the Costa Blanca: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

The best beaches in the Costa Brava

• Cala Senyor Ramon,
• Platja de s’Agaró,
• Cala Futadera,
• Platja del Castell de Palamos,
• Cala Boadella

Know everything on the Costa Brava: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

The best beaches in the Costa Calida

• Playa de Calblanque (Cartagena),
• Cala del Pino et Plage Entremares (La Manga),
• Playa Portús (Cartagena),
• Playa Barraca Quemada de La Llana (San Pedro del Pinatar),
• Playa Amarilla (Águilas),
• Playa La Carolina (Águilas),
• Playa de Percheles (Mazarrón),
• Playa Baño de las Señoritas (Lorca),
• Cala Cortina (Cartagena),
• Cala Blanca (Lorca)

Know everything on the Costa Calida: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

The best beaches in the Costa Daurada

• Balneario de Coma-Ruga (Vendrell)
• Llevant Beach (Salou)
• Llarga Beach (Salou)
• Playa de la Pineda (La Pineda)
• Capellans Beach (Salou)
• Cambrils Beach Platja Prat d’En Fores y Regueral (Cambrils)
• Playa El Torn Naturist Beach (L’Hospitalet de l’Infant)
• Playa El Milagro (Tarragona)
• Playa de Arrabassada (Tarragona)
• Playa La Savinosa (Tarragona)
• Platja de la Llosa (Cambrils)
• Playa Cristal (Miami Platja)

Know everything on the Costa Daurada: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

The best beaches in the Costa de la Luz

• Playa de Isla de Canela,
• Playa de Punta Umbria,
• Playa de torre de la Higuera,
• Playa de matalascañas,
• Playa cruz del mar,
• Playa del rompidillo,
• Playa la caleta,
• Playa de la Cortadura,
• Cala de Roche,
• Playa de los caños de Meca,
• Playa del Cañuelo,
• Paya de los Lances

Know everything on the Costa de la Luz: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

The best beaches in the Costa del Sol

• Playa de la Cala Mijas (La Cala de Mijas)
• Playa La Carihuela (Torremolinos)
• Playa El Bajondillo (Torremolinos)
• Burriana Beach (Nerja)
• Puerto Cabopino Beach and Marina (Marbella)
• Playa de La Malagueta (Malaga)
• Playa Del Cristo (Estepona)
• Playa de la Cala el Cañuelo (Nerja)
• Playa de San Pedro de Alcantara (San Pedro de Alcantara)
• Playa Los Alamos / El Canuelo (Torremolinos)
• Playa Arroyo de La Miel (Benalmadena)
• Carvajal Beach (Benalmadena)

Find everything on the Costa del Sol: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

The best beaches in the Costa Tropical

• Playa de Calahonda,
• Playa de La Rijana,
• Playa de Castell de Ferro,
• Playa de La Mamola,
• Playa de La Herradura

Know everything on the Costa Tropical: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

The best beaches in the Costa de Valencia

• Playa de Malvarrosa,
• Playa de Pinedo,
• Platja de la Malladeta,
• Playa de San Antonio,
• Playa de Jeresa,
• Playa de Daimus,
• Playa de Oliva

Know everything on the Costa de Valencia: its Airports, its AVE stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches. Check our infographic.

2. Blue Flag rating: 579 beaches in Spain

In Spain, you can choose from 579 beaches, 100 Marina resorts and five sustainable tourist boats, all distinguished with the prestigious Blue Flag award, thanks to their quality and safety.

As such, Spain is the top nation in terms of site ranked by the Blue Flag system.

What does this mean?

• One out of five beaches in Spain has a Blue Flag!
• One out of six beaches in the World is Spanish!

This award is bestowed by the Foundation for Environmental Education (FEE). This institution was created in 1987 by Europe but now is a worldwide organisation.

What does this distinction guarantee?

The sites are ranked on 31 different criteria’s: Environment, Water Quality, Safety,… Have a look at the full list of criteria’s here.

Find the map with all the beaches, sorted by Access to the beach for disabled, Nudist, Sandy, Rocky, Inland, Coastal,…

3. Q for Quality distinction rating: 248 beaches in Spain

This rating is awarded by the Spanish Tourism Quality Institute (ICTE). The Tourism Institute ranks not only beaches but as well many different sites for the quality and safeness of their sites: campings, hotels, Golfs, Touristic activities,…

Find all lists of the best beaches for all the Spanish Costas in our papers on all the Spanish Costas and on the infographics: Enjoy all the Spanish Costas: get the best out of it: our top papers of 2017

4. The top 10 beaches according to the Tourist Bureau of Spain

1. Illetes, Formentera, Balearic Islands
2. As Catedrais, Galicia
3. La Concha, San Sebastian
4. Bolonia, Costa de la Luz
5. El Cofete, Las Palmas, Canary Islands
6. Cala Bassa, Ibiza, Balearic Islands
7. Las Canteras, Las Palmas, Canary Islands
8. Rodas, Galicia
9. Platja Gran, Cadaqués, Costa Brava
10. Cué, Llanes, Asturias, Costa Verde

Source: Spain Tourist Bureau

If you want to have some pictures of those beaches, google image is a good start but have a look at the impressive database on the website of Aena (the company managing the Spanish airports).

Are you booking your holidays soon? Read our last paper: Our best ideas for planning your holidays in Spain! Our top 2017 papers!

Here are 8 reasons why you need more holidays to enjoy the best Spanish beaches?

Don’t hesitate to tell us what’s your favourite beach or if you found an even more beautiful one to share with our readers!

Looking for a lawyer, an architect, a property hunter in Spain? Ask us directly!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

The post Summer Edition: Where will you find the top Beaches in Spain? appeared first on How to buy in Spain.

We did this ranking according to the number of times our readers read those during 2017 (year of publication).

Find out the most loved Spanish Cities of our readers in 2017

1. Barcelona real estate market is rising in 2017
2. Real estate foreign investors are discovering Madrid
3. Alicante: the Spanish pearl
4. Have a look at the property market in Tenerife
5. Malaga is always a place for your dream house
6. Valencia, the third biggest city in Spain, is a centre of interest for foreigners
7. Discover the charm of the south and invest in Seville
8. The Ibiza real estate market is going very well
9. Mallorca, a paradise in the middle of the Mediterranean
10. Zaragoza Real estate market in 2017

None of your favourite city is here?

Check our main summary paper, you can find it back easily here:

We published another very interesting article on the same subject: Which are the top 10 Spanish cities where foreigners are buying properties NOW?

Before picking your city, don’t forget to check our monthly weather statistics on the top 20 Spanish Cities:

Monthly Weather Statistics on top Spanish Cities

Looking for an expert in Spain? Ask us directly!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

The post 2017 Review: Find out the most loved Spanish Cities appeared first on How to buy in Spain.

FYI, all our charts are always up to date, but for the up to date comments, check our most recent quarterly update “Quarterly update on the Spanish real estate market“.

Everything you ever wanted to know about the top 20 Spanish Cities real estate markets

Here is a summary of all our resources that we have created in 2017 on the 20 biggest Spanish cities in order to help you be more efficient in your search for your ideal property in Spain. We ended this week our series of 21 papers on all the main Spanish cities with our paper on Castellón. Since March 2017, we wrote 21 specific papers we are very proud of this work!

Have a look at the real estate price evolution for all the 18 Spanish regions since 2005 (€/m²):

As you can see on this chart, Spanish real estate prices (thick orange line) got its lowest price point in early 2014 since the crisis of 2008. Since early 2014, real estate prices are rebounding and reached on average 1530€/m² as of June 2017. If you look at prices in general, yes we can talk again about growth but if you compare those to the levels of 2008 or to European real estate prices, you can still find bargains. Furthermore, you surely noticed that most of the prices are lower than the prices of early 2005, as it is the case for Spain when prices were at 1680€ per square meter.

The market in Spain is divided into two groups since 2014: the regions where prices are increasing again: mainly, Barcelona, Madrid and the Balearic Islands and all the other regions where the prices have stabilized or are increasing modestly.

The five regions with prices above the national average are the Basque Country (2397€/m² as of June 2017), the Community of Madrid (2264€/m² as of June 2017), the Balearic Islands (2208€/m² as of June 2017), Catalonia (1834€/m² as of June 2017) and Ceuta and Melilla (1668€/m² as of June 2017).

It is really easy to buy a property in Spain but, because you are not on the ground, because you don’t know the market and because you need to check your property in order to avoid any nasty surprise, we advise you not to do it alone. We are foreigners and Spanish residents who bought properties in Spain and we developed a network of reliable partners in order to assist foreigners in their purchases of a Spanish property.

Don’t forget, if you are buying in Spain as a foreigner, you could have two different motives:

• Pleasure
• Investment

or the two combined. Depending on what is (are) your own motivation (s) your criteria will be different.

90% of foreigners are looking for beaches, sea and sun…

Rember our infographic on why people are buying a property in Spain:

So it’s not a surprise to have as the top 4 buying destinations Cities in Spain for foreigners: Alicante, Malaga, Barcelona and Madrid (the exception, but yes it’s the capital and the 3rd biggest city in Europe).

The top Regions where foreigners are buying real estate are the Valencian Community, Andalucia, Catalonia and the Canary and the Balearic Islands. Madrid is the last Region. Have a look at our infographic with the data of 2016. Foreigners bought 77500 properties, i.e. 17% of all the transactions that took place in Spain during the last year.

After those quick reminders on the Spanish market, let’s finally get to the core of our paper: find all resources sorted per city with the evolution of the price per square meter of all the different cities for the last 20 years!

All you ever wanted to know about the 20 biggest Spanish cities from Alicante… to Zaragoza:

Alicante, Almeria, Barcelona, Bilbao, Cadiz, Castellon, Girona, Ibiza, Las Palmas de Gran Canaria, Madrid, Málaga, Palma de Mallorca, Murcia, Santa Cruz Tenerife, Sevilla, Sitges, Valencia, Valladolid, Zaragoza

Alicante

• Our article on Alicante: Alicante: the Spanish pearl
• Check the monthly weather statistics for Alicante
• Check our Citytrip ePostcards on Alicante
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Alicante since 1995

Almeria

• Our article on Almeria: Almería, one of the Andalusian pearls
• Check the monthly weather statistics for Alméria
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Almeria since 1995

Prices in Almeria remain on average 25% lower than the national average and close the lowest reached since the crisis of 2008.

Barcelona

• Our article on Barcelona: Barcelona real estate market is rising in 2017
• Check the monthly weather statistics for Barcelona
• Check our Citytrip ePostcards on Barcelona
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Barcelona since 1995

Bilbao

• Our article on Bilbao: Bilbao, the new awakening of the city
• Check the monthly weather statistics for Bilbao
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

1. Best Professionals 2. Follow up 3. Competitive pricing 4. Partners 5. Qualitative Check

Cadiz

• Our article on Cadiz: The real estate market in Cadiz, 2017
• Check the monthly weather statistics for Cadiz
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Cadiz since 1995

Castellon

• Our article on Castellon: The Castellón real estate market resurrects but remains very attractive in 2017
• Check the monthly weather statistics for Castellon
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Castellon since 1995

Girona

• Our article on Girona: Girona, the door to the Pyrenees and the Costa Brava
• Check the monthly weather statistics for Girona
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Girona since 1995

Ibiza

• Our article on Ibiza: The Ibiza real estate market is going very well
• Check the monthly weather statistics for Ibiza
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for the Balearic Islands since 1995

Las Palmas de Gran Canaria

• Our article on Las Palmas de Gran Canaria: Gran Canaria, the tropical gem of Spain
• Check the monthly weather statistics for Las Palmas de Gran Canaria
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for the Gran Canaria since 1995

Madrid

• Our articles on Madrid: Real estate foreign investors are discovering Madrid, Madrid on the top 3 list of European Cities to invest in
• Check the monthly weather statistics for Madrid
• Check our Citytrip ePostcards on Madrid
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Madrid since 1995

Málaga

• Our articles on Málaga: Malaga : an emerging city to buy second homes, Malaga is always a place for your dream house
• Check the monthly weather statistics for Málaga
• Check our Citytrip ePostcards on Málaga
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Málaga since 1995

Palma de Mallorca

• Our article on Palma de Mallorca: Mallorca, a paradise in the middle of the Mediterranean
• Check the monthly weather statistics for Mallorca
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

• Check the real estate price evolution for the Balearic Islands since 1995

Murcia

• Our article on Murcia: Murcia, a good city to make a property investment
• Check the monthly weather statistics for Murcia
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Murcia since 1995

Santa Cruz Tenerife

• Our article on Tenerife: Have a look at the property market in Tenerife
• Check the monthly weather statistics for Tenerife
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Tenerife since 1995

Sevilla

• Our article on Sevilla: Discover the charm of the south and invest in Seville
• Check the monthly weather statistics for Sevilla
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Sevilla since 1995

Sitges

• Our article on Sitges: Sitges, a commitment to tranquillity near Barcelona
• Check the monthly weather statistics for Sitges (Barcelona)
• Check our Citytrip ePostcards on Barcelona
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Barcelona since 1995

Valencia

• Have a look at our feedback from our real estate city trip to Valencia, April 2018.
• Our article on Valencia: Valencia, the third biggest city in Spain, is a centre of interest for foreigners
• Check the monthly weather statistics for Valencia
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Valencia since 1995

Valladolid

• Our article on Valladolid: Valladolid is getting more open to outside investors
• Check the monthly weather statistics for Valladolid
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Valladolid since 1995

Zaragoza

• Our article on Zaragoza: Zaragoza Real estate market in 2017
• Check the monthly weather statistics for Zaragoza
• We have the experts: Lawyers, Property hunters, Architects, Banks from our network of local partners to assist you in your language
• Follow this link to ask for one of our local experts

Check the real estate price evolution for Zaragoza since 1995

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Source: Ministerio de Fomento

The post Everything you ever wanted to know about the top 20 Spanish Cities real estate markets appeared first on How to buy in Spain.

The Ibiza real estate market is going well

Like most Mediterranean islands, Ibiza is really spectacular. Its crystalline sea with dreamlike views, beautiful white villages, rural roads, flowering fruit trees and much more, make this island a special place.

Why Ibiza?

With an average temperature of almost 18 degrees and more than 300 days of sunshine a year, that makes this island a paradise where one can bathe in the sea almost every month of the year. In addition, you can enjoy some of the best gastronomic experiences in Europe with the Mediterranean diet as a flag.

Ibiza is also very accessible. In half an hour by plane you arrive from Barcelona, in an hour from Madrid and in two hours you fly from London. It is possible to work during the week in the city and enjoy the weekend on the island.

How is the real estate market?

The average price per square meter of Ibiza (about € 4,500) is one of the most expensive in Spain. In the capital of the island, Ibiza, the average price was just above € 4,700 at the beginning of 2017. As for properties, in May of this year, the average price stood at € 830,000, which meant an increase of almost 30% with respect to the previous year.

Check this chart of National averages vs the Balearic islands.

As for foreigners, according to the real estate agency Ibiza VIP Area:

“British, German, Dutch and French are the biggest buyers, with English and German being the most investing this year in the sector.”

Where to live in Ibiza?

Dennis Wesenberg of the real estate agency Kühn & Partner SL explains that

“most foreigners buy homes in Es Cubells and the southern part of the island, and also in areas around the center of the city of Ibiza like Talamanca or Can Pep Simon.”

The city of Ibiza or Vila (as the locals call it to differentiate it from the concept of the whole island) is the largest and most complete in terms of services, communications and leisure options that can be found throughout the island. In addition, it is a very good area to live with children as it has most of the island’s schools and countless parks and play areas. As far as Es Cubells is concerned, it is a much quieter area than the capital, but not far from it.

If what is wanted is the action, Sant Antoni de Pormany is the nerve centre of the movement ibicenca. In this town, thousands of tourists arrive every year to enjoy the sun, beach and party. It is a leisure centre full of commerce and services of the first level in which there is never time to be bored.

For those who want tranquillity, there is the town of Sant Joan de Labritja, located in the north of the island. In it, you can enjoy the most authentic and natural face of the island. It is one of the least populated and with less tourism. It also has basic services covered.

Another quiet town is also Santa Eulària des Riu, an ideal place to rest. It is the ideal place to travel with family and enjoy a quiet holiday. It is also very close to Ibiza town.

How to get around in Ibiza?

There is a road network that leads to every corner of the island, and there are also Different bus lines that lead to the populated areas of this one.

Ibiza airport has flights to the largest cities in Spain and Europe. There are also boat connections to the other Balearic Islands (Mallorca, Menorca and Formentera) and to Barcelona and Valencia.

If you want to read more on the Balearic Islands, read our article on the Balearic Islands: Everything you ever wanted to know about the Balearic Islands.

Find everything on the Balearic Islands: its Airports, stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches.

Find all our other detailed maps on all the Spanish Costas and the Balearic Islands.

If you want to invest in the Spanish real estate market in Spain, don’t hesitate to read our special report with the 10+ reasons why you should have a look at the Spanish property market.

Have a look at the yearly weather statistics of Ibiza and of the 18 biggest cities in Spain.

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The post The Ibiza real estate market is going very well appeared first on How to buy in Spain.

The Ministry of development has released its Statistic of the residential real estate prices in Spain.

The average price per m² stood at 1,526 euros in the first quarter of 2017.

• An increase of 2.2% year-on-year and 0.9% on a quarterly basis
• It is the eighth consecutive quarter with annual growth of prices after 26 quarters of year-on-year drop in housing prices,
• The number of property transactions increased 6.5% in Annual terms
• After inflation, the housing price experienced a small drop of -0.5%,

Evolution by Autonomous Communities

• 11 of them presented a Year-on-year growth: with Catalonia standing out (5.4%), Madrid (4.9%), Ceuta and Melilla (4.2%), Canary Islands (3.9%), Cantabria (3.0%) and Navarre (2.6%).
• 7 communities still showed Year-on-year decreases: the most notable being Extremadura (-2.3%), Asturias (-1.7%), Aragon (-1.5%) and Murcia (-1.5%).

Have a look at our interactive map of real estate price evolution over the last year for all the Spanish Autonomous Communities at the top of our home page.

Evolution since highs of 2008

According to the historical series of this statistic, the average value per m² In the first quarter of 2017 was 27.4% lower than that of the level reached in the first quarter of 2008. In real terms (taking into account the Variation of the CPI), the current price reflects a fall of 32.7%. Since the third quarter of 2014, the price has recovered 4.8%.

Evolution of prices by age of the properties

The average value of the square meter less than five years old properties stood at 1,781.2 euros in the first quarter of 2017. This represents a year-on-year growth of 3.1%.

With regard to properties of more than five-year-old, the price reached 1,517.6 euros per square meter, a rise of 2.1% year-on-year.

Evolution of prices by cities

For municipalities with more than 25,000 inhabitants, the highest prices of private housing were presented at

• San Sebastian, 3286.0 euros / m²,
• Sant Cugat del Valles, 2875.8 euros / m²,
• Barcelona, 2851.5 euros / m²,
• Getxo, 2762.6 euros / m²,
• Santa Eulalia del Rio, 2747.3 euros / m²,
• Ibiza, 2713.5 euros / m²,
• Pozuelo de Alarcón, 2659.1 euros / m²
• Madrid, 0 euros / m².

The lowest prices in municipalities with more than 25,000 inhabitants are recorded in

• Elda, 520.0 euros / m²,
• Jumilla, 575.2 euros / m²,
• Ontinyent,581.1 euros / m²,
• Novelda, 585.8 euros / m²,
• Villarrobledo, 593.4 Euro / m²
• Alcoy, 608.5 euros / m².

The number of real estate transactions used to perform the calculation of housing prices in the first quarter of 2017 was 117,339, which is 6.5% more than in the same quarter of last year.

If you want to keep an eye on the trends of the real estate market in Spain:

• Have a look at our table of the Spanish Real estate prices and transactions from our Trend section.
• Have a look at our table of the Spanish Real estate prices per region from our Trend section.

Do you want to know 10+ reasons why you should buy in Spain? Read our full paper.

Do you want to have a more precise view on real estate price evolutions in Spain? Check our trend section.

Are you serious about Spain? Read our 8 legal steps to your Spanish property.

Source: Ministerio de Fomento

Looking for an expert in Spain? Ask us directly!

Stéphane

Senior analyst and strategist at HTBIS

Check the full HTBIS team here

The post Spanish property prices up 4,8% since the bottom of Q4 2014. Still down 27.4% since 2008 appeared first on How to buy in Spain.

Mallorca, a paradise in the middle of the Mediterranean

According to the British newspaper “The Times”, Mallorca is the first on the list of the best places for travelling and living. Its quality of life, weather and easy going people makes this Mediterranean island a dream for those interested in investing in a second home. Of course Palma is one of the most expensive city to live in Spain with Madrid and Barcelona but stil very much cheaper than a lot of cities.

What will you love in Mallorca?

Mallorca has a Mediterranean climate with mild winters and warm summers, it is possible to swim from March/April to November.

The island also has some of the best beaches that we can find in Spain, such as Torrent de Pareis or Cala Varques. Besides, Mallorca also offers the opportunity of doing hiking and trekking in the wonderful mountains of Serra de Tramuntana.

Although Mallorca is a small island, it is one of the most cosmopolitan areas of Spain.

Who are the real estate buyers in Mallorca in 2017?

Trinidad Moreno, from the real estate agency Morcas, points out that “Scandinavians are the top buyers of property on the island, followed by Germans and British. Although lately Swiss are getting more interested in investing in Mallorca”.

What does it cost to buy a second home in Mallorca?

Similar to all Spanish cities, the real estate market in Mallorca also suffered a deep descent during the years of the crisis (around 39%), but since 2015 it is experiencing a slow rise thanks to foreign investments. Nowadays, the price per square meter in the capital, Palma de Mallorca, is 1.657€.

Comparison of prices in the Balearic Islands and in Spain

Transaction Growth of 11% in 2016

There are signs that the market will keep growing because in 2016, there was a growth of 11% in the transactions, and the forecast for 2017 is that the market will keep growing.

Discover the best new build projects in Balearic Islands available right now

Where would you want to live in Mallorca?

Palma de Mallorca, the capital, offers an excellent location due to its proximity to the airport and the sea. It is also the biggest city of the island and offers a large variety of places where to live. Casc Antic and Calatrava are the trendiest areas to live now because they are in the centre of the city and offer all basic facilities (hospitals, shopping malls, supermarkets, etc). Portixol is a nice area next to the Sea. For those longing for a quiet place not far from the city, the best choice is Son Vida. This place has different golf fields and a harbour (Port Portals) to give a home to your boat (if you have one of course).

Sóller is a great area if you want to live in a small town surrounded by the fields, close to the harbour and the beach. It also has a vibrant Saturday market.

Pollença is the perfect place if you are looking for a seasonal residence because this small town has a bustling life during the warm period (in winter most of the shops and restaurants are closed). Pollença also has a big British community.

If the sea is not your top priority, the central area of the island is for you. There are plenty of villages were to live in their local shops and restaurants. Just in case, the beaches are not far thanks to the size of the island.

Get in and around Mallorca

Mallorca can be reached by ferry and plane. There are plenty of ferry lines that connect with Ibiza, Menorca, Barcelona, Valencia and other cities in Spain and the Mediterranean.

The airport offers routes to the main cities of Spain and Europe. There are different highways that bring you to every corner of the island, and there is also a train line that crosses the island from the south (Palma de Mallorca) to the north.

If you want to read more on the Balearic Islands, read our article on the Balearic Islands: Everything you ever wanted to know about the Balearic Islands.

Find everything on the Balearic Islands: its Airports, stations, its Cities and villages, its shopping places: Traditional & Flea markets, Outlets and shopping malls. What should you visit? The Unesco sites, the parks for kids, the green parks, the golf courses, the universities and last but not least the top beaches.

Find all our other detailed maps on all the Spanish Costas and the Balearic Islands.

If you want to invest in the Spanish real estate market in Spain, don’t hesitate to read our special report with the 10+ reasons why you should have a look at the Spanish property market.

Have a look at the yearly weather statistics of Mallorca.

Have a look at our ePostcards before planning your next holidays in Spain.

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Looking for an expert in Spain? Ask us directly!

Raimon

Senior Journalist and writer at HTBIS

Check the full HTBIS team here

The post Mallorca, a paradise in the middle of the Mediterranean appeared first on How to buy in Spain.