Illes Balears province · report
People and new homes in Illes Balears province
In 2024 the population grew by 17,184 while 2,717 homes were finished: 6.3 new residents for every new home.
- New residents per new home, 2024
- 6.3
- Population change, 2024
- +17,184
Population change and homes finished in Illes Balears province
The population's yearly change, net migration plus births minus deaths, against homes certified complete. INE and MIVAU.
Population change
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| Year | Population change |
|---|---|
| 2024 | 17,184 |
| 2023 | 21,461 |
| 2022 | 22,435 |
| 2021 | 3,055 |
Homes finished
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| Year | Homes finished |
|---|---|
| 2024 | 2,717 |
| 2023 | 2,760 |
| 2022 | 3,625 |
| 2021 | 3,146 |
Year by year
| Year | Net migration | Births minus deaths | Population change | Homes finished |
|---|---|---|---|---|
| 2021 | +2,337 | +718 | +3,055 | 3,146 |
| 2022 | +22,676 | −241 | +22,435 | 3,625 |
| 2023 | +21,362 | +99 | +21,461 | 2,760 |
| 2024 | +17,118 | +66 | +17,184 | 2,717 |
Births and deaths are INE's, by place of residence; net migration counts moves to and from abroad and the rest of Spain, and INE publishes it from 2021. Homes finished are completion certificates. A home houses a household, not a person: two or three new residents per new home is roughly one home per new household.
Other reports for Illes Balears province
At the average appraised value, a 90 m² home costs €358,272. With 10% down and a 30-year mortgage, the payment is €1,366 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 37%
- Payment, one income
- 74%
31.3% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 4,086
- Per 1,000 residents
- 3.3
Buyers living abroad bought 22.4% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 22.4%
Appraised values have fallen by 3% or more once since 1995. That fall began in Q2 2008.
- Deepest fall
- −25.8%
- Recovery from the low
- 102 months
16.2% of the 652,123 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 16.2%
- Empty homes
- 105,632
In 2025, 41% of the homes authorised were in existing buildings: conversions, extensions and changes of use.
- Homes in existing buildings, 2025
- 41%
Public bodies signed €4.6M of housing works here in 2025, and €4.6M since 2017.
- Signed in 2025
- €4.6M
- Per resident, 2025
- €4