The average monthly payment has almost doubled from €684 in 2016 to €1,341, while the Spanish average has risen by slightly under 50% from €523 to €769.
The study points to house prices continuing to rise at a much faster rate than salaries. Between January and March, the average property value in the Balearics reached €4,170 per square metre, over 13% more than twelve months earlier. Meanwhile, salaries have risen on average by 6.3%. When discounted for inflation, the real improvement in spending power is under three per cent.
The difference between these two trends reflects the growing problem of housing affordability, with homeownership becoming more out of reach for a large part of the resident population.
Mortgage lending in the Balearics in April slumped by around a quarter. In 2025, however, there were record figures for financing.
In general, the report paints a picture of a mortgage market that continues to grow, driven by sustained demand and more moderate interest rates. However, the rise in housing prices keeps the Balearics as the region where buying a home requires the greatest financial commitment in the whole of Spain.
