Houses for sale in Balearic Islands (Province)

Houses for sale in the Balearic Islands

In the province of the Balearic Islands, the purchase of a home can have a very high final price, especially due to its coastal areas, which have a great tourist attraction almost all year round. In the interior areas, the cost, although somewhat cheaper, also remains high compared to the rest of the province of Spain, especially in the Sierra de Tramuntana. Detached luxury chalets in exclusive developments, villas and estates, townhouses in Sierra regions, including magnificent stately homes. The province of the Balearic Islands is in high demand, due to its high level of tourism, its leisure areas, its location, and its good climate almost all year round. Foreign investment has increased in the last decade.

Buy an independent villa in the Islands

The independent villas in the Balearic Islands with the greatest demand are those with sea views, near the coast or on the beachfront, located in the capital, Palma, or close to it, in Ibiza, Menorca or Formentera. These are in luxury residential areas, with excellent communications and facilities. Some even include their jetty. They also have a private pool, large terraces, gardens, and the vast majority have two levels. This type of property can exceed €8,000/m² as the highest price, with the lowest value being just over €3,300/m².

The towns where to buy an independent villa in the province of the Balearic Islands with a higher cost are Calvià, which can present values ​​above €7,000/m², Artá, which ranges from €3,500/m² and Buñola, which ranges from €2,500/m². Palma de Mallorca requires special mention, where the average price for this type of property is around €3,300/m² and may exceed €7,000/m² in some cases. The same happens with Ibiza, which has an average price of around €3,500/m², reaching costs of around €8,000/m². In Formentera and Menorca, similar situations are recorded. This is because they are the 4 municipalities with the highest demand and population density, especially in summer.

For its part, the cheapest towns to buy an independent villa are Son Servera, just over €1,600/m², Cala Agulla, about €1,500/m², and Lluchmayor, which also ranges from €1,500/m².

Villas for sale in the Balearic Islands

The villas in the Balearic Islands are usually exclusive properties and, in most cases, they are located in select residential areas, near the coast, with golf courses or other luxury services. This is the case of the Calvià area, one of the most expensive places to buy a villa, where the price can exceed €12,000/m². In Palma, they also present high values, more than €6,000/m². In the bay of Palma 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 town with villas at a lower price, around €900/m². It should be noted that the average price of villas in the province is around €4,000/m².

Buy a rustic property in the Islands

Concerning the rustic properties in the province of the Balearic Islands, extensive properties can be seen that can reach more than 400,000 m², including construction and land, either to cultivate, to hold events or for personal use. The constructions are characterized by their stone facades, their wooden beams inside, as well as a fireplace. Some even have a private pool. The cost of these properties will depend on the location, its square meters, and the state of the building. In the case of the Balearic Islands, few rustic properties require major reform. In Manacor, near the coast, the price exceeds €2,000/m², as well as in the vicinity and in the city of Palma itself, with high values. In those that need some type of renovation, the average price, for example, in Manacor, is just over €850/m². Buñola is another town with a high cost, above €2,000/m².

The cheapest areas are in the interior of the islands, this is the case of Lloseta and Inca, which have lower prices, although these also exceed €1,000/m². The average price per square meter in the province exceeds €2,000/m², due to the high demand for these properties.

Buy townhouses or plots

The townhouses in the Balearic Islands are characterized by having two levels, plus an upper terrace. Some have a patio and the vast majority need reform. The location and dimensions of the property are the main factors that influence the final price.

Palma is the town with the highest cost, in ​​the El Terreno neighbourhood, one of the most historic in the capital, where a townhouse or plot can cost around €4,000/m². It is followed by Santa Eugenia, in the interior, with a cost of around €2,500/m². In Calvià the value is around €1,700/m². The cheapest municipalities are Inca, Son Servera, Lloseta and Artá, where the costs do not exceed €1,000/m² and the minimum is just over €650/m².

Country houses for sale

Regarding the country houses for sale in the Balearic Islands, in inland areas, such as Muro, a country house can cost more than €4,000/m². In the metropolitan area of Palma, the price is around €2,000/m². The same happens in Ibiza, Menorca or Formentera. The cheapest is in the town of Lluchmayor, with values ranging from €1,500/m².

Houses for sale with price statistics.

Real estate product for sale in the province:

686 plots of land for sale of all types, whether urban, developable or rustic, from individuals, agencies and banks.

1346 houses for sale throughout the province.

Houses for sale with price statistics in Balearic Islands.

810 independent chalets for sale of which 1 chalets for sale by individuals and 809 by professionals and banks with the cheapest price per m2 of 130.9€/m2, the average price of 4393€/m2 and chalets in more expensive areas can reach 24856.6€/m2

466 rustic properties for sale, of which 7 properties for sale by individuals and 459 by professionals with the cheapest price per m2 of 153.8€/m2 the average price of 3234.8€/m2 and in more expensive areas it can reach 15476.2€/m2

153 country houses for sale of which 2 rural houses for sale by individuals and 151 by professionals with the cheapest price per m2 of 124.7€/m2 the average price of 3450.7€/m2 and in more expensive areas it can reach 15000€/m2

242 village houses for sale of which 2 rural homes for sale by individuals and 151 by professionals with the cheapest price per m2 of 666.7€/m2 the average price of 2826.1€/m2 and in more expensive areas it can reach 14545.5€/m2