The Balearic Islands' real estate market continues its downward spiral towards extreme tension, with no indicator suggesting the slightest change. According to data from the Association of Property Registrars on declared property prices for the third quarter of 2025, the average price of housing in the Islands has reached €4,096 per square meter, the second highest in Spain, surpassed only by the Community of Madrid. Furthermore, the cumulative figures for the first nine months of 2025 also confirm this trend: at €4,000 per square meter, the Islands have, on average, the second highest price in the entire country.

Sineu 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.

Between July and September, the Idealista website advertised 474 occupied homes for sale in the Balearic Islands, a figure that represents 2% of the properties offered. In Palma, there were 184 (2.5%).

Thirteen percent of the homes for sale in the Balearic Islands during the second quarter of this year were listed on the real estate portal Idealista for less than a week. According to the company in a statement reported by Europa Press, this percentage is two percentage points higher than that recorded during the same period in 2024. Nineteen percent of the listings were available for between one week and one month; 25%, between one and three months; 32%, between three months and one year; and only 11%, for more than a year.

Manacor is the most affordable municipality to rent a home in the Balearic Islands, with an average price of €13.5 per square meter, according to the June 2025 price report prepared by Idealista. According to the study, this figure is 33% lower than the average rental price in the archipelago, which stands at €20.2 per square meter.