RECORD SALES

Real estate transactions in the Balearics soar to new heights in 2022 with a stunning €7.5 BILLION spent

IT’S no secret the Balearics have emerged as one of the most sought-after destinations to own real estate in the Mediterranean.

After being voted one of the top places to live around the world, it’s no surprise to see property sales soaring through the roof. Real estate transactions rose to an all time high of €7.5 billion in total transactions in 2022, a 14% increase on the €6.6 billion of 2021.

While the majority of buyers are coming from Northern Europe and Scandinavia, drawn to Mallorca and its fantastic flight connections, there has been a noticeable surge in buyers from more distant locations, particu-