It is evidently clear why young people have problems getting on the property ladder; the average price of a home across the islands was 346,499 euros, according to official figures announced today. Meanwhile, the average price of a home nationwide was almost half, 188,000 euros. The house prices in the Balearics compare favourably with Britain with average house prices at £295,000. The average purchasing price of a house in Germany is around 320,000 EUR.
The average cost of a home in the Balearics: 346,499 euros
Nationwide average is 188,000 euros
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