HOUSING

Home sales rebound in the Balearic Islands while single-family operations go down and small apartments go up

The Balearic Islands real estate market has seen a slight growth of 1.7% in the third quarter of 2025, with 3,615 operations and an annual increase of 10.5%, according to the Apibaleares report. Supply continues to shrink -especially in Palma-, driving prices to record highs, while rents are close to the limit of what tenants can afford.
24/04/2024 Tomàs Moyà / Europa Press ECONOMIA TOMÀS MOYÀ / EUROPA PRESS

The sale and purchase of homes in the Balearic Islands recorded an upward trend, although purchases of single-family homes fell and those of smaller apartments rose in the third quarter of 2025.

This is the result of the Apibaleares Report – Real Estate Market Trends presented this Thursday by the president of the Association and the Association, José Miguel Artieda, and the professor of Financial Economics and Accounting and director of the Real Estate Market Chair at the University of Zaragoza, Luis Fabra.

According to the report, in the third quarter a total of 3,615 sales and purchases were made in the Islands, which represents a growth of 1.7% compared to the previous quarter. The trend is upward, but still below other times, for example, in 2021.

In the last year, the number of sales amounted to 14,750, 10.5% more than in the same period last year. “There is an upward trend, not to shoot rockets, but at a good level of sales,” stressed Fabra.

The report details that the supply of housing is decreasing, while supply is increasing. For example, in Palma the number of homes on offer has halved in three years. As a result, Fabra pointed out, prices are at an all-time high and continue to rise every quarter.

As for the rent, the president of the College has pointed out that the price is reaching the limit that the tenant can assume. Likewise, he has indicated that many times the housing does not come on the market, since the owner has an acquaintance or relative who is waiting.

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Automatic Translation Notice: This text has been automatically translated from Spanish. It may contain inaccuracies or misinterpretations. We appreciate your understanding and invite you to consult the original version for greater accuracy.

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