The Balearics are booming. Expansion of the tourism impacted positively on the property market. In general, economy has been accompanied by a sharp rise in the one can observe a positive growth in prices and in the economic power of the Balearic Islands. The per-capita number of property transactions. Engel & Völkers has income of Balearic residents is among the highest 22 property shops in the Balearics – 18 in Mallorca, in the whole of Spain. The strong economy has also two in Menorca and two in Ibiza. Real Estate Transaction Volume 6 B 60% 5 B 50% 4 B 40% 3 B 30% 2 B 20% 1 B 10% 0 0% 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Foreign Buyers Resident Buyers Share of Foreign Buyers in the Real Estate Market Figure 1: Real Estate Transaction Volume – Balearic Islands, Ministerio de Fomento According to the Spanish Ministry of Development, The diagram highlights the positive growth and the total sales volume in the Balearics has been the further potential of the property market in the stable with a result of more 4.2 billion euros. Balearics. Since 2014, there have been substantial Approximately 40 percent of buyers are foreign; increases year on year, and the trend is continuing in thisproportion has roughly doubled since 2008. the same direction – upwards. RUE M3ar0k%e t Sh a re