Foreigners Bought Nearly 40% Of Balearic Properties For Sale In 2017

Nearly 40% of the properties sold in the Balearic islands last year were bought by foreigners.     According the latest data from the CBRE, 14,834 properties were sold; 50% of them for more than €150,000 and 10% for over €450,000.    Property prices in the Balearics continue to rise, mostly due to an increase in demand and lack of available homes.