According to the real estate website, Idealista, the price of used housing in the Balearics increased by 0.3% in February, meaning that there was an average price of 1,900 euros per square metre. There were, suggests this survey, only two regions where the cost of housing increased. The Balearics was one and the Canaries the other. There, the increase was 1.5% more than in January.
Overall, there was a fall in price of 0.9% across Spain, giving an average price of 1,583 euros per square metre. Compared with February last year, the drop was almost the same: 0.8%. La Rioja was the region where there was the highest percentage decrease. The 2.8% there was greater than the 2.2% in Murcia.
The Balearic cost per square meter makes the islands the third most expensive region for used homes. In Madrid it is 2,371 euros and in the Basque Country 2,550 euros. The cheapest parts of Spain are Murcia (1,057 euros per square metre), Castile La Mancha (968) and Extremadura, the cheapest of all with 955 euros.
Puerto Portals is the most prestigious nautical and leisure marina complex on the island of Mallorca. It is located in the bay of Palma and is situated just 10 kilometres west from the Balearic capital. It has become recognised around the world as a reference for quality of its facilities and its range of shops, restaurants and leisure options. Puerto Portals is the venue for numerous international events in the nautical world. And it offers an intense social life which is just another hallmark of this great spot.