Every spring we review what crosses our desk — valuations, viewings, offers, completions — and check it against the public quarterly data. This is the picture of the Santanyí market as of April 2026, told without portal theatrics.
Prices: a high plateau, not a bubble
After the extraordinary years of 2021–2023 and the normalisation of 2024–2025, prices in the municipality sit on a high plateau: slight rises for good product, real negotiation for product with flaws. The average €/m² remains among the highest outside Palma, supported by structurally short supply — there is no new land here, and what is protected will stay protected.
The distinction we see move price most is not town/coast but clean paperwork / paperwork with history: the premium for a house with everything in order — licences, habitability certificate, completion certificate, valid ETV where present — has become explicit in negotiations.
The under-€1M segment
The question we hear most, and the least comfortable answer: inventory below the million mark has thinned to lows. What remains are cove apartments, townhouses to renovate and little else — and the good ones sell fast, often without advertising. Buyers in this bracket need two things: financing ready, and news before the portal gets it.
The Santanyí market is neither cooling nor running away: it is concentrating. Fewer transactions, better product, better-prepared buyers.
Demand: German buyers look again; locals never left
International demand — German above all, with growing Swiss and Scandinavian presence — has recovered its tone after a hesitant 2024. And local and Palma demand should not be forgotten, very active in townhouses and small fincas. For the summer we expect the usual, only sharper: many viewings, little new supply, and deals decided in days when the product is right.
If you own here and are weighing a sale, this spring's lesson is clear: the right asking price captures this market; overpricing scares it away. We prepare valuations argued from real closings — no obligation.
