Lucas Fox Spanish Real Estate Market Report / First half 2023 / Ibiza & Menorca
IBIZA & MENORCA SALES INDEX BASE = Q1 2019 Source: MITMA
IBIZA 100%
SALES
92.6
Year-on-year, sales declined significantly in both Ibiza and Menorca (Minorca) to end the first quarter, with little change since 2019. An acute shortage of property for sale in the Balearics has reduced sales and increased prices, whilst efforts by the previous regional government to exclude foreigners from the housing market may also have contributed to the decline in sales. In contrast to general market performance, we see our own Lucas Fox Ibiza office recording its strongest year of sales ever.
50%
150%
IBIZA MENORCA 390 418
Q1 sales 390
Y-O-Y -34%
Trend
MENORCA
100%
101.2
50%
150%
Q1 sales 418
Y-O-Y -25%
Trend
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