Buying in Ibiza, increasingly difficult: used housing prices are close to 7,600 euros per square meter

The price of second-hand housing in the Balearic Islands continues to set record highs. According to the latest data published by Fotocasa, the average value of the square meter in November stood at 5,206 euros/m², which represents a rise of 0.2% compared to October and a strong increase of 14.8% compared to November 2024.

This escalation means that a standard 80 square meter home now costs an average of 416,491 euros in the islands, an amount that consolidates the Balearics as one of the most stressed real estate markets in the country.

• Marga Prohens presents the Public Housing Shock Plan

Increases in 16 out of 17 municipalities analyzed

The increase in prices extends practically throughout the community. Fotocasa points out that 16 of the 17 municipalities analyzed recorded year-on-year increases, some of them particularly intense.

• The waiting list for affordable apartments in Ibiza soars: what are the projects for 2026?

Seven locations exceed 20% increase in price in just one year:

• Inca: +42.9%.

• Manacor: +34.1%.

• Fields: +31.9%.

• Sant Josep de sa Talaia: +22.7%.

• Son Servera: +22.5%.

• Ciutadella de Menorca: +22.3%.

• Felanitx: +21.8%.

The only exception to the upward trend is Alcúdia, which recorded a drop of 1.6% year-on-year.

• “You go to Thailand and I pay your rent”: outrage in networks over winter housing in Ibiza

Ibiza and Santa Eulària, among the most expensive areas in Spain

As for the absolute price per square meter, several locations in the Pitiusas and Mallorca are well above the 6,000 euros/m² barrier, ranking among the most expensive in the country.

The highest figures correspond to:

• Santa Eulària des Riu: 8.666 €/m².

• Ibiza: 7.553 €/sqm

• Sant Josep de sa Talaia: 7.392 €/m².

• Andratx: 7.291 €/m²

• Sant Antoni de Portmany: 7.054 €/m².

• Fields: 6,823 €/sqm

• Calvià: 6.594 €/m².

These areas are consolidating their position as some of the most demanding real estate markets in Spain, driven by high demand, scarcity of land and sustained international buyer interest.

• Ibavi will build eight public housing units in the old Mercat Pagès: this is what the new development for residents in Ibiza will be like.

A sustained increase that strains housing affordability

The data reflect the upward trend of recent years and once again highlight the difficulties of access to housing for residents and workers, especially in Ibiza and Mallorca, where prices far exceed the average purchasing power.

The real estate industry attributes this dynamic to a combination of supply shortages, tourism pressure, foreign interest, and lack of affordable housing, factors that continue to push prices to record highs.

Continue reading:

• Secure Rentals, stagnant in Ibiza: barely a handful of homes taken after one year

• Affordable rental housing in Santa Eulària: requirements, deadlines and project details

• Clash between the Consell de Ibiza and the Government over the veto of legal tourist homes