Population of the Balearic Islands, by island 2019
The autonomous community of the Balearic Islands is comprised of four main islands – the largest and most populous of which is Mallorca, which had a population of over nine hundred thousand inhabitants as of July 2019. The second island on the list is also very well known in the world – Ibiza with its roughly 156 thousand inhabitants. The Balearic Islands may be perceived as a Mediterranean paradise with crystal clear beaches to many, but those who need to put down roots in the region might think differently – many towns in this insular region off mainland Spain appeared on the list of the least affordable areas to rent or purchase a property in 2018.
Buying VS. Renting in Spain
As happens with many other countries, home rent and purchase prices will differ considerably dependent on the area. Nonetheless, there are some indicators that pointed to renting being slightly more favorable than buying a home in Spain as of 2015, which might be the reason why more people are renting in recent years than before the financial crisis.
Tourism constitutes an essential industry for the Spanish economic system
Spain ranked second on the World Tourism Organization’s list of most visited countries in the world, with its number of international visitors amounting to nearly 82 million in 2017. The Mediterranean country is also one of Europe’s favorite holiday destinations in 2018 – the United Kingdom, Germany and France appeared in the leading positions of the largest number of international visitors to Spain by country of residence, as confirms the data collected from the Spanish Statistics Institute (INE).
Buying VS. Renting in Spain
As happens with many other countries, home rent and purchase prices will differ considerably dependent on the area. Nonetheless, there are some indicators that pointed to renting being slightly more favorable than buying a home in Spain as of 2015, which might be the reason why more people are renting in recent years than before the financial crisis.
Tourism constitutes an essential industry for the Spanish economic system
Spain ranked second on the World Tourism Organization’s list of most visited countries in the world, with its number of international visitors amounting to nearly 82 million in 2017. The Mediterranean country is also one of Europe’s favorite holiday destinations in 2018 – the United Kingdom, Germany and France appeared in the leading positions of the largest number of international visitors to Spain by country of residence, as confirms the data collected from the Spanish Statistics Institute (INE).
