Sant Antoni has positioned itself as the Balearic municipality with the most expensive rent, reaching an average price of 22 euros per square meter after an increase of 22.3% in the last year, according to data published by the real estate portal Fotocasa. This increase represents the highest recorded in the archipelago, well above the regional average, which grew by 2.2% in the same period.
Ibiza price contrasts
The municipality of Ibiza city also reflects a rise in rent, with a year-on-year increase of 8.7%, which places the average price at 17.84 euros per square meter, consolidating its position as one of the most expensive areas of the Balearic Islands. On the contrary, in other municipalities of the island there have been significant drops in rental prices. In Santa Eulària, the value of homes for rent has decreased by 9.3%, while in Sant Josep the drop has been even more notable, reaching 13.7%. Both municipalities, however, maintain high prices, hovering around 20 euros per square meter, placing them among the most expensive areas of the archipelago together with Calvià, which reaches 21.4 euros per square meter.
Impact on the real estate market
The strong increase in municipalities such as Sant Antoni contrasts with the reductions observed in other areas, evidencing different dynamics within the Balearic real estate market. These variations create challenges for residents and workers, especially in municipalities where prices continue to rise, making it difficult to access affordable housing.
