Ibiza and Calvià remain among the ten municipalities with the highest rental prices in Spain, with rents exceeding €22 per square meter. This is according to the report. Rental housing in Spain in the year 2025According to the study prepared by the real estate portal Fotocasa, Ibiza ranks second in Spain, with an average price of €23.34/m², surpassed only by Esplugues de Llobregat, which leads the ranking at €25.53/m². Calvià comes in fourth, with an average price of €22.17/m², while Barcelona is just ahead of Ibiza, at €23.30/m². The report also analyzes price trends by province and places the Balearic Islands as the fourth most expensive in Spain, with an average of €18.60 per square meter, representing a year-on-year increase of 7.2%. Only Barcelona (€21.90/m²), Madrid (€20.66/m²), and Gipuzkoa (€19.02/m²) have higher prices. Fotocasa notes that the rental market closed 2025 with a scenario marked by "very high prices," concentrated mainly in areas with strong demand, such as Catalonia, the Community of Madrid, the Balearic Islands, the Basque Country, and the Canary Islands. In this regard, the portal's Director of Studies and spokesperson, María Matos, explains that "the increase in rental prices is especially concentrated in areas with greater demographic and economic pressure, where the creation of new housing stock is unable to absorb existing demand." This structural lack of supply, she adds, causes prices to remain persistently high, even in contexts of lower economic growth. Matos also points out that, although the rate of price growth has moderated in some areas, rents remain at "peak levels," which demonstrates that "the adjustment is not due to a real market relaxation, but rather to the economic limitations of households in affording increasingly higher rents."

The Balearic Islands continue to lead the ranking of Spanish municipalities with the highest housing prices. Santa Eulalia, in Ibiza, San Antonio de Portmany, and San José de Sa Atalaya top the list along with San Sebastián, exceeding €7,000 per square meter. In the case of Santa Eulalia, prices reach almost €8,500/m², according to Fotocasa data. Beyond these five locations, other municipalities in the archipelago complete the top 10 most expensive towns in Spain, with prices very close to this threshold and varying trends. In Andratx, housing prices stand at €6,982/m² after registering a year-on-year increase of 22%. Also nearby is Campos, with €6,791/m² and the largest annual increase in the ranking, at 33%, followed by Calvià with €6,747/m². These figures highlight the pressure on the real estate market in the Canary Islands, which remains one of the most expensive areas in Spain.

The declaration of a "stressed zone," a measure provided for in the state Housing Law that allows for limitations on rental prices, has begun to bear fruit in municipalities like Barcelona, ​​where, according to official data, the average price of new contracts fell by 6.4%. According to data from the Catalan Land Institute (Incasol), average rental prices in Catalan municipalities have decreased by nearly 5%. Given that the housing situation in the Balearic Islands is worse than in most of Spain, is there any objective reason not to apply this measure, in such an extremely serious situation?

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.

As the sun rises, the residents of Son Güells close their front doors to begin their workday. Son Güells is not a housing development, but a caravan settlement In Palma, which is beginning to take shape as a micro-neighborhood on wheels. The first quarter of the 21st century is ending, and living in a vehicle is just one example of the normalization ofhousing emergency that the Archipelago suffers. There are many more: living in shacks, abandoned buildings like the old Palma prison, apartments shared by several families, or rooms in houses where common areas have been eliminated and rented out.

The first prize in the Extraordinary Christmas Lottery, known as La Grossa, worth €400,000 per ticket and €328,000 net after taxes, would not be enough to buy a home in the Balearic Islands. According to average price data for the archipelago, an additional €178,313 would still be needed to reach the average price of €506,313 for a 90 m² property.²

The Es Fangar estate in Son Macià (1,000 hectares in the Manacor area, bordering the municipality of Felanitx) has gone back on the market for a slightly lower price than a few years ago. "The most expensive mansion in Mallorca," as several European media outlets have called it recently, is returning to the real estate market for 87 million euros (approximately 100 million dollars). It's worth remembering that the estate still belongs to German industrialist Peter Eisenmann, who bought it for just over 13 million euros in 2001 from the Bonnín-Armstrong family. After renovations, the planting of vineyards, and the creation of his own winery (which he had to build off-site, initially attempting to locate it in the Manacor industrial park without success), and controversies surrounding the closure of several public roads crossing the estate and passing in front of the houses, financial difficulties led to his sale. Downward

In 2020, Eisenmann put Es Fangar up for sale for €100 million, at €100,000 per hectare. This estate, dedicated to organic farming with wine production, breeding purebred horses, and organizing equestrian championships, occupies more than 0.27% of the island's surface area, covering over 1,000 hectares. The former president of the Eisenmann SE group, dedicated to the engineering industry, went bankrupt after rejecting acquisition offers from a Chinese group. The estate also has a helipad. Finally, in 2019, a winery was inaugurated in Felanitx, with an investment of €8 million, to market the organic wine produced from his vineyards. A 7,500 square meter space, 48 tanks with a capacity of 12,000 liters of red wine and a 20,000-liter tank for blending, as well as oak barrels, mostly French.

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Housing prices in the Balearic Islands have reached an all-time high once again. The average price per square meter is €4,096, 11.5% higher than a year ago, according to the latest report from the Balearic Islands Association of Real Estate Agents (Apibaleares). Faced with these figures, the Balearic Government has adopted a strategy of "build, build, and build"—in the words of President Marga Prohens—and has implemented significant regulations to this effect. This has accelerated planning but not construction, which in most cases has not yet begun. The Government's promise to build 7,000 affordable homes cannot be fulfilled during this legislative term; the Executive now acknowledges that the results of the legislative changes will take time, despite efforts to streamline permits and reduce bureaucracy. "It's important to remember that the first phase of the previous government's housing plan—five homes in Palma—was delivered in 2020, during its second term," argue sources at the Ministry, who are urging patience. These are the main housing initiatives undertaken this term and the results achieved so far, according to data from the Ministry itself. All are part of the Housing Action Plan launched by the Executive. Meanwhile, the Government continues to refuse to implement the rent cap allowed by state law. First Vice President Antoni Costa insisted on Friday that he considers it a "failed policy."

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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.

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The 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.

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31.5% of people looking to buy an apartment or house in the Balearic Islands are foreigners. This figure makes the archipelago the second province in Spain with the highest share of foreign demand for home purchases, according to data published by the real estate website Idealista.

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The first affordable housing in the Balearic Islands is now ready, and it's located in Manacor. In fact, the developer Grup Con Tu (based on Avenida del Torrent in Manacor) already made an initial visit to the media and early buyers in mid-February of this year. Now, a few months later, it has announced that this Monday, starting at 10:00 a.m., it will hold an open house to unveil its first completed 10-story building, located at 63 Avenida del Tren.

]]> The editorial office of ARA Baleares overlooks a street in the noble area of Palma, a in the place filled with art galleries of all kinds, cafes cutesy, an antique dealer who isn't an antique dealer, and a real estate agency. Tourists love taking photos on this street. It's narrow, sterile, impersonal, but quite picturesque by Instagram standards. Sometimes I go out and walk around just to hear the comments of those who stop by the real estate agency, presented with all the clichés of Nordic luxury: standardizing white, light-colored designer furniture, Mac computers (Apple grants status), and ads on tablets. Everything digital, everything modern, everything neutral to the point of nausea. Art galleries don't garner nearly as much interest as the real estate agency. Both luxury homes and contemporary art are reserved for the wealthy, but everyone aspires to the former, and the latter only interests those who appreciate it, those who pretend to appreciate it, or those (to close the circle) who want to decorate their luxury homes.

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Real estate agencies have found a new niche market to exploit in the Balearic Islands: fishermen's cottages (casitas varadero). While the Balearic Islands are experiencing an unprecedented housing crisis and residents are finding it increasingly difficult to buy a flat or house to live in, speculators have found a new tool to speculate.

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The artificial intelligence of Fotocasa's Predictive Rental Date Venues Index estimates that rental prices in Palma will fall by 4.8% between July and September 2025, placing the Balearic capital among the 19 Spanish cities where a downward correction in prices is expected, compared to the 26 where an increase is forecast.

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The PSOE (Spanish Socialist Workers' Party) in Palma has warned that the theoretical limited-price housing to be built on municipal land will have "a premium rent of between €1,000 and €1,600, a far cry from the €600 to €1,000 announced by Mayor Jaime Martínez." The Socialists are making this complaint after the company awarded the only two lots calculated the final rents, including tenants' payment of property tax (IBI), garbage collection fees, and community fees, which can reach up to €233 per month, in addition to parking and storage.

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