Ara Balears in English - foreigners

The Balearics, foreigners' real estate paradise: They already buy four out of ten homes over €500,000

Jaume Perelló — Thu, 25 Jun 2026 19:09:45 +0000

Although state statistics speak of a global decrease in sales by foreigners in recent months, in the Balearic Islands the reality is quite different: According to the latest data from the Ministry of Housing and Urban Agenda, in 2025 these citizens acquired four out of every ten properties over €500,000 sold. A proportion that doubles any figure from other autonomous communities.

One in three people who want to buy a house in the Balearic Islands is a foreigner.

ARA Balears — Thu, 11 Sep 2025 08:04:34 +0000

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.

Buy a town

Marcos Torío — Sat, 30 Aug 2025 17:31:06 +0000

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.