The town of the founding father of California is the cheapest to buy a home in the Balearic Islands
He town of Junípero Serra (1713), who founded the mission system in California and who is considered one of the founding fathers of the United States, is the cheaper to buy a home in the Balearic Islands.
In fact, Petra tops the ranking of the cheapest municipalities of the archipelago to buy a house, with a average price of 2,502 euros per square meter, according to a study by Idealistic.
This real estate portal reports that the average price per square meter in this Majorcan municipality is 53% cheaper than in the rest of the Islands, where the price of the property is 5,337 euros per square meter.
Still, Petra It is not among the 25 most economical municipalities in Spain to acquire a home and it is the municipality of Ovejuna Fountain (Córdoba) the one that has the square meter more economicalwith 369 euros. A price at a starry distance from the Balearic real estate marketwhere it must be remembered that the five municipalities with the highest home sale prices in Spain in the first quarter of this year are from the Balearic Islands, with Formentera leading the ranking with 10,027 euros/m² and an average housing price of 902,000 euros, according to the real estate portalhostels.com.
This analysis indicated that Formentera was followed Santa Eularia des Riuwith 9,107 euros/m² and 819,604 euros on average, and Andratxwith 8,158 euros and 734,231 euros. The top five municipalities are completed by Sant Josep de sa Talaia, with 7,868 euros, and Calvià, with 7,565 euros/m².
Likewise, further down the ranking, there were Ibiza (7,358 euros/m²), Sant Antoni de Portmany (7,112 euros), Soller (5,925 euros), Santa Maria (5,870), Santanyí (5,574 euros), Pollença (5,316 euros), Bunyola (5,120 euros) and Sant Lluís (5,055 euros/m²), which together accounted for 12 of the top 20 positions in that reference study.
The prices in several municipalities of the Balearic Islands contrast with those of the interior of the peninsula, where the majority of homes do not exceed the average price of 50,000 euros.