With gorgeous sunny weather, friendly lifestyle and natural beauty it’s not hard to see why the Balearic Islands remain a top expat destination. Almost 15% of house purchases in Spain as a whole were closed by foreigners - an increase on the last quarter - with Brits leading the way. But in the Balearics specifically - which includes Majorca, Ibiza, Minorca and Formentera - a remarkable 32.
5% of house purchases were made by foreigners with its dream location perfect for those who want to enjoy the Spanish lifestyle while living in a beautiful place with quick access to the sea. The British were most active with 8.5%, followed by Germans (6.
4%), Moroccans (5.5%), Poles (5.3%) and Italians (5.
3%). Other nations included the French, Romanians and Dutch. The Balearics also closed the third quarter of the year with the highest average house price , reaching 3,644 euros (£3,029) per metre squared, according to data from the Association of Property Registrars.
After the archipelago, the highest prices were in Madrid (£2,953), the Basque Country in the north of Spain, Catalonia, including Barcelona, (£2,159) and the Canary Islands (£1,948). At the other end of the scale, the lowest prices were recorded in Castilla-La Mancha in central Spain with just 912 euros (£758) per metre squared and Extremadura , close to Portugal on the western side, with £678. Both of these communities have often been described as a glimpse into the “real” Spain and an undiscovered gem .
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