House prices in the Balearics increased 15% in 2024
Increases unmatched in other Spanish regions
Prices are a factor of available supply, and new homes haven't kept pace with demand. | A. G.
Palma28/02/2025 10:11
According to the latest figures from the College of Notaries, house prices in the Balearics rose by 15.2% in 2024. This meant that the price of a property increased on average by 46,560 euros.
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Just TogetpublishedWhy? If the demand is there the prices will continue to rise. As simple as that.
Beachcomber'...demolish the UK economy..' I guess with only 14 years the last lot didn't really get a fair crack of the whip
Just to get published doesn’t understand the economics in play here. Many Brits have pots of cash and pension lump sums that they will continue to invest in Majorca properties and were never bothered about Brexit as they had no plans to relocate permanently anyway. As Flip Flop and Rachel from accounts continue to demolish the UK economy a place in the sun is just the ticket. Ditto the Germans who have now elected a proper government and will start to prosper again after years in the doldrums. The properties for the expat market will always be unaffordable to Majorcan’s on the lower incomes, but this continued influx brings great benefits and income to local trades and shops etc.
This is all going to implode soon. Those who have property on the island will soon find that it's value will fall like rain.