Mallorca’s region: home prices dip but still top Spain

Mallorca, in Spain’s Balearic Islands, sits in the country’s most expensive second-hand property market: homes across the islands average €5,163 per square metre in September, even after prices fall 0.4% in the third quarter of 2026. Property website Pisos.com ranks the Balearics as Spain’s priciest province for second-hand homes.

Across Spain, the average is €2,465 per square metre in the third quarter. That is up 0.45% on the previous quarter and 2.12% on a year earlier. Only Extremadura and Navarre join the Balearics in recording a quarterly fall.

Ferran Font, head of research at Pisos.com, says there are early signs that demand is easing. Prices are still rising nationally, though the increases are slower than before.

Topics: Housing

Source: Europa Press / Mallorca.com