Mallorca property: Balearic prices hit €3,535 a sq m
Mallorca sits in Spain’s most expensive region for homebuyers: across the Balearic Islands, the average purchase price reaches €3,535 per square metre in the third quarter of 2026. That is 5.3% more than a year earlier. Property valuation firm Gesvalt released the figures on Monday, 19 October.
At the regional average, a 90-square-metre home costs €318,150 — €15,930 more than a year ago.
Palma below the regional average
In Palma, Mallorca, the average is €3,401 per square metre, below the Balearic figure but still among the highest prices for Spain’s provincial capitals. Across Spain, the average is €2,085 per square metre. National prices rose 10.6% year on year, faster than in the Balearics.
Rents rise too
The average Balearic rent reaches €20.40 per square metre per month, up 2.6% from a year earlier. Barcelona remains more expensive at €23.39, followed by Madrid at €23.14 per square metre per month.
Source: Europa Press / Mallorca.com