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Mallorca 29 August 2017

The price of housing rises in Palma but falls in the Balearic Islands until June

The real estate market in the Balearic Islands is considered one of the most developed in the sector in Spain.

The price of housing in Palma rose by 6.3%, more than in the rest of Spain, and in the Balearic Islands as a whole it decreased by 0.3%, according to a report by the valuation company Tinsa.

Housing prices are recovering and the Tinsa survey also notes that, on average, it takes 9.5 months to sell a property in Spain.


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