Pere Garau in Palma was among the city's least expensive districts for housing. In April 2021, the average price for a square metre was 1,425 euros. By December last year, this average had risen to 2,263 euros - a 41% increase. A 100 square metre flat had therefore gone from costing 142,500 euros to 226,000.
The Palma district where house prices have risen 40% in 18 months
There has been growing foreign interest
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