Sixteen years of salary for property purchase

Firefighters in Vall d'Ebo in Alicante. Natxo Francés/EFE

HOUSEBUYERS in the Balearic Islands typically need 16.4 years’ of salary to pay for an average property, according to a report by the Sociedad de Tasacion property evalution association.

This is nine years more than the national average.

The report put house price growth in the Balearics last year at 3.3 per cent.

 

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Written by

Cathy Elelman

Cathy Elelman is the local writer for the Costa de Almeria edition of the Euro Weekly News.

Based in Mojacar for the last 21 years, Cathy is very much part of the local community and is always well and truly up on all the latest news and events going on in this region of Spain.

Her top goals are to do the best job she can informing the local English-speaking community, visitors to the area and the wider world about about the news in Almeria, to learn something new every day, and to embrace very new challenge this fast-changing world brings her way.

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