Many foreign purchases are second homes. | Archive
According to latest figures from the General Council of Notaries, 56,272 properties in the Balearics have been purchased by foreign buyers over the past ten years. Foreign buying has increased in all regions of Spain, but the market in the Balearics has its own particular characteristics. It is led by German buyers - whether for permanent residence or as second homes - while the islands also have the highest average price in the country.