This is the price per square meter of used housing in Ibiza and its municipalities.

The price of second-hand housing in the Balearic Islands closed 2025 with a strong year-on-year increase of 14.6%, to an average of 5,267 euros per square meter, according to the latest data from the real estate portal Fotocasa. The evolution confirms the sustained pressure on the residential market in the Islands, with rises exceeding 30% in some municipalities.

Fotocasa’s Director of Studies and spokesperson, María Matos, points out that the market’s behavior in 2025 is part of the change of pace that began in 2023 and consolidated during 2024. “This year’s rises reflect the combination of high demand, investor interest and scarce supply, factors that mark the island market,” explains the analyst, who highlights the strength of the Balearic real estate sector.

• 48% of homeowners in Ibiza and Formentera are foreign nationals.

The increase has been generalized in the 17 municipalities analyzed by Fotocasa with annual variation. Inca leads the increases with an increase of 35.9%, followed by Campos (32.9%), Manacor (31.4%) and Sant Antoni de Portmany (30.4%). Sant Josep de sa Talaia (25.0 %), Llucmajor (23.0 %) and Andratx (21.5 %) also recorded significant increases. In Palma de Mallorca, the annual increase was 14.4 %, while in Ibiza it reached 10.1 %.

The price per square meter

In absolute termsIn the same year, seven municipalities already exceed 6,000 euros per square meter. Santa Eulària des Riu tops the ranking with 8,494 euros/m², followed by Ibiza (7,689 euros/m²), Sant Antoni de Portmany (7,608 euros/m²) and Sant Josep de sa Talaia (7,440 euros/m²). Andratx, Campos and Calvià are also above this threshold, consolidating these municipalities among the most expensive in the Balearic market.

• Ibiza and Formentera, together with the rest of the Balearic Islands, lead in the purchase of homes by foreigners.

At the opposite extreme, the lowest prices are concentrated in inland municipalities and Menorca. Inca registers the most contained value, with 2,782 euros per square meter, followed by Manacor (3,156 euros/m²), Maó (3,405 euros/m²) and Son Servera (3,687 euros/m²). Despite this, even in these localities prices continue to rise, reflecting a generalized trend of rising prices throughout the archipelago.

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