Figures from the Balearic Statistics Institute indicate that the average price for buying a home has gone up by more than four times since 1995. In the second quarter of 2022, the average price per square metre was 2,630.60 euros. In the same quarter of 1995, it was 591.60 euros.
Price of homes in Mallorca more than four times higher than in the mid-1990s
Only financial crisis brought prices down
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