R.I.Ibiza24/01/24 18:04
TW0

The Balearic Islands has topped the average price per square metre of luxury homes in the last year, exceeding 9,000 euros, according to the study on luxury homes in Spain prepared by the Tecnitasa Group.

According to this report, the preferred location for premium, luxury and super-luxury homes is the Balearic Islands, followed by Madrid, Catalonia and the provinces of Malaga and Cadiz.
Factors such as security, geographical location, climate and communications have been "key", according to the Group, in making the Islands "the Mecca of luxury" for decades, "significantly attracting foreign investors".

The areas of the archipelago with the highest concentration of super luxury properties, valued at more than ten million euros, are Andratx (up to 19 million); Calviá (up to 18 million); Eivissa (up to 15 million); Sóller (up to 13 million); Deià (up to 11.7 million); Marratxí (up to 6.7 million): Palma (between five and 11.8 million euros, although there are some exceptions of homes valued at more than 16 million euros); Sant Josep de Sa Talaia (between five and 11.3 million and up to 17.7 million); Santa Eulària des Riu (up to 19.9 million and with the maximum square metre value exceeding 27,000 euros) and Sóller (between ten and 13 million).

Other properties in towns such as Alaró, Alcúdia, Deià, Esporles, Estellencs, Llucmajor, Maó, Marratxí, Santanyí and Sant Antoni de Portmany exceed five million euros.

Translated with DeepL.com (free version)