New housing construction has been reactivated in all the islands due to the increase in local and international demand. | M.BARRO
The price of housing (new and used) rose in the Balearics by 9.3% this year, this is the highest increase across the whole of Spain according to the appraisal company Tinsa. The increase in Spain as a whole was 4.3% and the price per square metre reached 1,470 euros per square metre. In the year-on-year comparison, the increase was 8.4% year-on-year in the fourth quarter of the year alone, driven mainly by the Balearics and the Basque Country, where prices rose by more than 12% in the fourth quarter.