Property for Sale in Mallorca

Buying Real Estate in Mallorca — things to know

Central Balearic Island is an excellent place to buy a property. Mallorca Property is a point of interest to both Spaniards and international buyers. Very few locations in the Mediterranean offer such a diverse range of properties as Mallorca.
 
Many people love Mallorca for its nature, mountains, and sea. The island is an excellent place to buy a property in Mallorca.
 
The demand for foreign real estate in Mallorca has always been stable. The Spanish Institute of Statistics (Instituto Nacional de Estadística) reported that in 2023, 15,000 properties were sold in the Balearic Islands, marking a sales record since 2007. 

The main reasons are the interest of foreigners in working remotely as Digital Nomads and staying on the island and tourist Boom. 

One more reason is the so-called Energy Nomads. Energy bills in the UK, Germany, and other countries have been exceptionally bad and gobble up a considerable portion of income. Even though electricity prices have increased in Spain, wintering in warm Mallorca will cost several times less than in the UK or Germany. So, buying or renting a home in Mallorca is a good option.

Mallorca Property Prices

Real estate in Mallorca tops the property prices list all over Spain.
 
The average price is 4.191 Euros/m2 (+ 13,7 % compared to 2023).
The cheapest property in Mallorca is 1.837 euros/m2 (in Inca, + 15,8 % compared to 2023).The most expensive property in Mallorca is 8.114 euros/m2 (in Portals Nous - Bendinat, +34% compared to 2021). 

Follow the link for the full report on the Mallorca Property Market Prices.

Who buys a property in Mallorca?

The main buyers of properties in Mallorca are international buyers. They account for more than 60 percent of all transactions. Among foreigners, residents of Germany (36%), England (11%), and France (8%) lead the way. 

What property in Mallorca is the most popular? 

Mallorca’s real estate market primarily features investment apartments, including resale and new properties, as well as villas and estates, which account for over 80% of all sales. 

The current average pricing (as of March 2024) is as follows: 

• apartments are valued at €408,000, 

• newly constructed properties at €630,000, 

• villas at €2,004,000, 

• fincas, estates at €980,000. 

The entry price for luxury real estate in Mallorca begins at €3,400,000, reflecting the market as of March 2024.

Property prices in different parts of Mallorca

Here's a breakdown of average property prices across various regions in Mallorca as of March 2024:

Your Trusted Real Estate agent in Mallorca

Yes! Mallorca Property (S.L.) is a trusted Real Estate Agent in Mallorca. We have been working since 2007 and have — a rating of 5.0 by Google reviews. We update our property catalog daily.
 
We also help you close mortgage loan deals and accompany you after completing the transactions (post-sales support). We also draw up necessary documents for property management and contracts with the service companies and suppliers.
 
If you want to buy or sell a property in Mallorca, we always are by your side and assist you in closing a good deal! Contact us now!