A tool to see what an apartment is worth without falling into the trap of speculators

PalmThe College of Notaries has developed a "very useful" tool that allows users to find out the real market price per square meter without falling prey to the prices set by speculators and real estate agencies. This is explained by a financial content creator.Esmeralda Gómez Lópezin a video on social media where he details the benefits of this new website.

This tool is based on the geographical location of the property. Using an interactive map, it allows you to research the price per square meter by neighborhood, area, municipality, or city. With this tool, the College of Notaries aims to combat housing price inflation and speculators, offering buyers the possibility of having a real and objective view of the real estate market.

Finding an affordable apartment in the Balearic Islands has become an odyssey for thousands of residents. Housing prices, both for buying and renting, have reached record highs in recent years, making the archipelago one of the most strained areas in Europe. While the real estate market continues to grow, driven by foreign investment and tourist pressure, many citizens are forced to leave their towns or even the islands altogether.

According to recent data from the National Institute of Statistics, the price per square meter in the Balearic Islands far exceeds the national average. In Palma, the monthly rent for a 70-square-meter apartment can easily reach €1,500, an unaffordable figure for most local salaries. In tourist towns like Ibiza and Sóller, the situation is even more critical: many seasonal workers live in vans or share overcrowded housing due to a lack of alternatives. Experts point to several factors fueling this bubble: the strong demand for second homes, the rise of vacation rental platforms, and the massive purchase of properties by international investment funds. This speculative dynamic has transformed housing into a financial asset rather than a basic right, displacing the local population and altering the social fabric of neighborhoods.

Overall, this new tool aims to help buyers, curb speculation, and prevent sellers and real estate agencies from having absolute control of the market and setting prices.