Market
The Balearics are Spain's second most expensive property market: 3,885.60 euros per square metre, up 13.1 percent. What that means for buyers and owners.
The numbers speak plainly: according to current data from Spain's housing ministry, the Balearic Islands are the country's second most expensive property market, with only Madrid still ahead. In the first quarter of 2026 the estimated price per square metre across the islands stood at 3,885.60 euros. That is an increase of 13.1 percent on the year before.
For comparison: Madrid comes in at 4,047.50 euros per square metre, followed by Guipúzcoa with 3,419.70 euros, Barcelona with 3,207.70 euros and Málaga with 2,988 euros. Nationwide, the average price is 2,315.70 euros per square metre. The Balearics sit more than 67 percent above that, a figure that shows: whoever invests here invests in one of the most sought-after markets in Spain.
What is behind this? Demand remains high and supply is scarce. Buyers from Spain and abroad value the quality of life, the climate and the appeal of the island, and exactly that keeps pushing prices upwards.
For us at Alma Balear this shows one thing above all: whoever owns a property on Mallorca holds a valuable asset in their hands. And whoever wants to buy should seek good advice, to find the right property at the right moment. We are glad to accompany you along the way, with local market knowledge, experience and an honest look at the facts and figures. Get in touch, we look forward to hearing from you.
Source: Economía de Mallorca, 5 July 2026, based on data from Spain's housing ministry.
Written by
Co-Founder · Sales & Property Scout
On Mallorca since 1995. As founder and managing director of Impresol Media Solutions, she has run an agency specialised in tourism marketing and media for over 30 years. She brings her exceptional network of entrepreneurs, hoteliers and island decision-makers to the Alma Balear team.
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