1295 Adverts for Houses for sale or rent in Balearic Islands (Province)

Houses for sale in the province of Balearic Islands

In the Balearic Islands province, acquiring a home can have a very high final price, especially due to its coastal areas, which have a great tourist appeal almost all year round. In the interior areas, the cost, although somewhat cheaper, is still high compared to the rest of the provinces of Spain, especially in the Sierra de Tramuntana. Independent luxury chalets in exclusive developments, villas and estates, village houses in regions of the Sierra, even magnificent manor houses. The province of the Balearic Islands presents a high demand due to its high level of tourism, leisure areas, location, and good weather almost throughout the year. In the last decade, foreign investment has increased.

Buying an independent chalet in Balearic Islands

The most sought-after independent chalets in Balearic Islands are those with sea views, close to the coast or on the beachfront, located in the capital, Palma, or near it, in Ibiza, Menorca, or Formentera. These are located in luxury residential areas, with excellent communications and facilities. In fact, some even include a private dock. They also have private pools, spacious terraces, gardens, and the majority have two floors. This type of properties can exceed 8,000 €/m² as the highest price, with the lowest value being little more than 3,300 €/m².

The locations to buy an independent chalet in the province of Balearic Islands with a higher cost are Calvià, which can reach values above 7,000 €/m², Artà, which varies around 3,500 €/m², and Buñola, which varies around 2,500 €/m². Special mention is required for Palma de Mallorca, where the average price for this type of properties is around 3,300 €/m², sometimes exceeding 7,000 €/m². The same happens with Ibiza, which has an average price that varies around 3,500€/m², reaching costs around 8,000 €/m². Similar situations are recorded in Formentera and Menorca. This is because they are the 4 municipalities with the highest demand and population density, especially in summer.

On the other hand, the cheapest locations to buy an independent chalet are Son Servera, slightly more than 1,600 €/m², Cala Agulla, around 1,500 €/m², and Lluchmayor, also ranging around 1,500 €/m².

Sale of villas in Balearic Islands

The villas in Balearic Islands are usually exclusive properties and are mostly found in select residential areas, close to the coast, with golf courses or other luxury services. This is the case of the Calvià area, one of the most expensive towns to buy a villa, where the price can exceed 12,000 €/m². In Palma, they also have high values, more than 6,000 €/m². In the Palma Bay and Cala Blava there are also villas with a high cost, above 3,500 €/m². Similar costs are presented by the municipalities of Ibiza, Menorca, and Formentera. For its part, Cala Agulla is the locality with the villas at a more reduced price, about 900 €/m². It should be noted that the average price of villas in the province is about 4,000 €/m².

Buying a rural estate in Balearic Islands

Regarding rural estates in the province of Balearic Islands, extensive properties can have more than 400,000 m², including construction and land, whether for cultivation, event celebration, or personal use. The constructions are characterized by their stone facades, wooden beams inside, and fireplaces. Some even have private pools. The cost of these properties will depend on the location, square meters, and the state of the building. In the case of Balearic Islands, few rural estates require significant reform.

In Manacor, near the coast, the price exceeds 2,000 €/m², as well as in the vicinity and in the city of Palma, with high values. In those that need some type of rehabilitation, the average price in Manacor, for example, is just over 850 €/m². Buñola is another location with a high cost, above 2,000 €/m².

The most economical areas are located in the interior of the islands, as in Lloseta and Inca, which have more reduced prices, although these also exceed 1,000 €/m². The average price per square meter of the province exceeds 2,000 €/m² due to the high demand for these properties.

Buying village houses or plots in Balearic Islands

The village houses in Balearic Islands are characterized by having two floors, plus an upper terrace. Some have patios, and the majority need renovation. The location and dimensions of the property are the main factors that influence the final price.

Palma is the locality with the highest cost, in the El Terreno neighborhood, one of the most historic areas of the capital, where a village house or plot can be around 4,000 €/m². It is followed by Santa Eugenia, in the interior, with a cost ranging around 2,500 €/m². In Calvià the value is close to 1,700 €/m². The most economical municipalities are Inca, Son Servera, Lloseta, and Artà, where the costs do not exceed 1,000 €/m², and the minimums are just over 650 €/m².

Country houses for sale in Balearic Islands

Regarding thecountry houses for sale in Balearic Islands, in interior areas such as Muro, a country house can have a cost exceeding 4,000 €/m². In the metropolitan area of Palma, the price is around 2,000 €/m², as in Ibiza, Menorca, or Formentera. The cheapest are located in the locality of Lluchmayor, with values around 1,500 €/m².

House rentals in Balearic Islands

The rentals for independent homes in Balearic Islands have a very high price, especially in areas near the capital, such as Calvià Santa Ponça and Palma. A similar situation occurs in the islands of Ibiza, Menorca, and Formentera, which have a greater tourist demand, affecting the rental price, especially temporary rentals.

In coastal municipalities, the rental price of an independent chalet can exceed 150 €/day. Regarding luxury villas, the rental price can be more than 500 €/day. In relation to country houses, costs usually range around 100 €/day. The most economical values are located in the interior areas, with costs usually around 70 €/day.