{"id":47581,"date":"2023-07-07T08:33:40","date_gmt":"2023-07-07T06:33:40","guid":{"rendered":"https:\/\/mallorcaglobalmag.es\/el-precio-del-metro-cuadrado-en-baleares-subio-un-17-en-mayo\/"},"modified":"2023-07-07T08:38:06","modified_gmt":"2023-07-07T06:38:06","slug":"the-price-of-the-square-metre-in-balears-rose-by-17-in-may","status":"publish","type":"post","link":"https:\/\/mallorcaglobalmag.es\/en\/the-price-of-the-square-metre-in-balears-rose-by-17-in-may\/","title":{"rendered":"The price of the square metre in Balears rose by 17% in May"},"content":{"rendered":"

The average price per square metre stood at 3,687 euros, a figure that represents an increase of 17% compared to the same month in 2022. The purchase of homes fell by 18.5%, according to data from the General Council of Notaries<\/p>\n

The number of home sales and purchases fell by 18.5% year-on-year in May in the Balearic Islands to 1,469 transactions. For its part, the average price per square metre stood at 3,687 euros, 17.2% more than in May 2022, according to the General Council of Notaries.<\/p>\n

\"vivienda<\/p>\n

By type of housing, sales of flats on the islands fell by 16.6% year-on-year, to 1,158 units, while sales of single-family homes fell by 24.9% year-on-year, to 311 units.<\/p>\n

Prices of flats on the islands rose by 14.3% last May compared to the same month in 2022, to 3,303 euros per square metre. For its part, the price of single-family homes stood at an average of 4,264 euros per square metre, an increase of 20.3%.<\/p>\n

As regards mortgage loans for the purchase of a home, these fell in the Balearic Islands by 27.5% year-on-year last May, to 591 operations. The average amount of these grew by 7.8% year-on-year, and stood at 241,806 euros.<\/p>\n

40.2% of homes were financed through a mortgage loan last May in the Balearic Islands. On average, the loan represented 61% of the price.<\/p>\n","protected":false},"excerpt":{"rendered":"

The average price per square metre stood at 3,687 euros, […]<\/a><\/p>\n","protected":false},"author":4,"featured_media":47576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1515],"tags":[],"class_list":["post-47581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-tourism"],"yoast_head":"\nPrice of the square metre in Balears - Mallorca Global Mag<\/title>\n<meta name=\"description\" content=\"The average price per square metre stood at 3,687 euros in May, up 17% on the same month in 2022. 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