Property prices in Balearic Islands by town
What homes are worth in Balearic Islands, town by town: the average value per m² from official mortgage appraisals in April – June 2026, published by the Spanish housing ministry.
| Town | Per m² | New (up to 5 years) | 12 months | Appraisals |
|---|---|---|---|---|
| Santa Eulalia del Río | €6,844 | €7,591 | +13.3% | 123 |
| Calvià | €5,502 | €6,606 | +7.7% | 191 |
| Ibiza | €5,473 | €6,291 | +2.7% | 121 |
| Ciutadella de Menorca | €4,074 | — | +16.5% | 105 |
| Llucmajor | €3,908 | — | +19.3% | 130 |
| Palma de Mallorca | €3,815 | €4,411 | +14.3% | 1,274 |
| Marratxí | €3,782 | — | +11.1% | 113 |
| Manacor | €3,031 | — | +31.9% | 117 |
| Mahón | €2,991 | — | +19% | 87 |
| Inca | €2,650 | — | +12% | 138 |
Official mortgage appraisals for April – June 2026: Ministerio de Vivienda y Agenda Urbana — valor tasado de vivienda libre. An appraised value is what licensed valuers put on homes for mortgages; it is not a sale price and usually sits below asking prices. Towns with fewer than 50 appraisals in the quarter are not shown.
Questions and answers
- Which town in Balearic Islands is the most expensive, and which is the most affordable?
- The most expensive is Santa Eulalia del Río — €6,844. The most affordable is Inca — €2,650.
- Where do these figures come from?
- From the official source — Ministerio de Vivienda y Agenda Urbana — valor tasado de vivienda libre — for April – June 2026. GREM refreshes the page from that source every week.