The Balearic municipality where housing prices have skyrocketed… and it's not what you think
The small towns of the Part Forana are also victims of speculation and the real estate boom
PalmSineu is the Balearic municipality where housing prices have risen the most in the last year. Specifically, according to data from the real estate portal Idealista, the price per square meter currently stands at €2,915, representing a 27% increase compared to October 2024. Across Spain, seven of the ten Spanish municipalities with the highest increases in used housing prices over the past year are located in Sineu. Specifically, Malpica (A Coruña) has seen the largest price increase, with a 57% rise in the last year. Following Malpica, the top three are two Alicante municipalities, Cox and Rafal, with housing price increases of 54% and 53%, respectively. Next on this list are the Madrid municipality of Villarejo de Salvanés with a 48% year-on-year increase, Torre-Pacheco (Murcia), where housing prices rose by 46%, and Font-Àlber (Murcia), where they increased by 44%. Following these is Marina de Cudeyo, a Cantabrian municipality where housing prices have risen by 39% compared to October of last year. Rounding out the top ten is a three-way tie with a 37% price increase between La Pobla de Vallbona, in Valencia, and El Muro. All the increases in these ten municipalities are at or above 37%, which far exceeds the national price increase of 15.7% year-on-year over the past year.
