18 Mar, 2025 @ 13:02
1 min read

Ibiza breaks real estate record as two properties sell for over €50million each

Ibiza breaks real estate record as two properties sell for over €50million each
SANT JOAN DE LABRITJA. IBIZA

PROPERTY sales and prices are continuing to surge in the Balearic Islands with two homes sold on Ibiza last year for record amounts of €50 million each.

The Balearics government said both sales were in the municipality of Sant Joan de Labritja.

The average price of real estate transactions across the islands in 2024 was €360,000 but there was an upturn in sales at premium prices.

READ MORE:

SANT JOAN STREET(Sant Joan Aytm image)

There were more than a hundred transactions exceeding values of €6 million.

Overall, more than €5 billion of business was carried out, covering 13,847 sales.

In Mallorca’s Palma, 21 luxury home deals averaged out at €18.4 million per property.

The most up-market sales on the island were in Calvia, with 30 homes averaging out at €9.8 million each.

Andratx had 12 luxury sales above the €6 million mark, coming in with an average of €10.4 million per deal.

Notary statistics from last year showed that property prices rose faster in the Balearic Islands than in any other region of Spain.

Alex Trelinski

Alex worked for 30 years for the BBC as a presenter, producer and manager. He covered a variety of areas specialising in sport, news and politics. After moving to the Costa Blanca over a decade ago, he edited a newspaper for 5 years and worked on local radio.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

New yellow alert warning issued for heavy rain in eastern Spain
Previous Story

New yellow alert warning issued for heavy rain in eastern Spain

Next Story

‘Spain helped us heal’: US expat on moving to Valencia after family tragedy – as she warns ‘nightmare’ process is ‘not easy’

Latest from Ibiza

Go toTop