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Apartments in Mallorca for Sale

Magaluf
Luxurious Studio in 4* HOTEL
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MG-2615
1
1
35 m2
Apartments
510 000 €
Santa Ponsa
Studio apartment with beach access in Santa Ponsa
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SP-2613
1
1
32 m2
Apartments
310 000 €
El Toro
Lovely bright apartment in El Toro
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ET-2612
1
2
78 m2
Apartments
329 000 €
El Toro
Charming apartment in a quiet location in El Toro
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ET-2611
1
2
75 m2
Apartments
319 000 €
Santa Ponsa
Excellent duplex apartment with sea views in Santa Ponsa
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SP-2599
2
3
104 m2
Apartments
750 000 €
Sa Rapita
Newly
Built
New apartment in a modern residence in Sa Rapita
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SI-2595
2
3
120 m2
Apartments
560 000 €
Sa Rapita
Newly
Built
New apartment in a modern residence in Sa Rapita
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SI-2594
2
2
95 m2
Apartments
490 000 €
Ses Salines
Newly
Built
New apartments in a picturesque location in Ses Salines
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SS-2592
2
2
91 m2
Apartments
395 000 €
Ses Salines
Newly
Built
New duplex in a picturesque location in Ses Salines
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SS-2591
2
2
104 m2
Apartments
495 000 €
Cala Viñes
Excellent apartment with sea views in Cala Vines
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CV-2584
1
3
101 m2
Apartments
485 000 €
Cala Dór
Newly
Built
New apartments near the sea in Cala d´Or
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CD-2581
2
2
78 m2
Apartments
340 000 €
Santa Ponsa
Completely renovated apartment with panoramic sea views in Santa Ponsa
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SP-2556
2
2
70 m2
Apartments
665 000 €
Cala Viñes
Luxury lapartment on the first line of the sea in Cala Vines
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CV-2554
3
3
185 m2
Apartments
1 590 000 €

The Essential Guide to Buying a Flat in Mallorca

Buying an apartment in Mallorca is almost as common as purchasing a finca or a villa. These property types account for over 80 per cent of all real estate transactions on the island.

Our extensive catalog currently features approximately 150 flats and condominiums available in Mallorca for a minimum sales price of 160,000 euros. Typically, the average time it takes to sell an apartment in Mallorca is between two to four months.

How much does an apartment cost in Mallorca?

How much is the maintenance on an apartment in Mallorca?

Best Areas to buy a flat in Majorca

HOW MUCH DOES AN APARTMENT COST IN MALLORCA?

According to statistics, every fifth flat for sale in Mallorca is a new build. This means that 20% of all flats sold in Mallorca are in new apartment buildings. They are the most desirable and have higher costs.

What the most sought-after flats in Mallorca look like:

  • Year of construction of the house - not older than 15 years
  • Living space - from 100 m2
  • Terrace - from 15 m2
  • Bedroom - 3-4 / Bathroom - 2-3
  • Additional features include a sea view or first sea line location, swimming pool, lift, storage room, parking, gated area, and prestigious location.
  • The average price for a flat in Mallorca - is from €500,000 to €800,000

An apartment in Mallorca is worth buying if you want to use your flats for seasonal and holiday stays. Buying a flat in Mallorca is also an excellent investment for those not wanting to bear the additional costs of maintaining their home.

The demand for flats in Mallorca is constantly increasing. Many European investors not only buy individual apartments but often buy a condominium in Mallorca at the start of construction. At this stage of construction, you can buy a flat in Mallorca cheaper (up to 30% cheaper than in the finished building).

Condominiums in Mallorca offer clients options in different price ranges. It is possible to buy property in Mallorca for up to €100,000 (it will ne a one-bedroom flat or studio with a living area not exceeding 40 m2. Apartments in Mallorca up to €200,000 have a larger size, 1-2 bedrooms, and a higher level of comfort.

  • The average price per square metre of a flat in Mallorca is 2,962 euros
  • The minimum purchase price for an apartment in Mallorca is 65,000 euros
  • In 80% of cases, the selling price of an apartment in Mallorca is between 160,000 and 900,000 euros
  • The cost of luxury flats for 2022 will be between 900,000 and 3,500,000 euros
  • The average price for an apartment in Mallorca is 305,000 euros

Average apartments prices in Mallorca

One-room flat

1-bedroom

Palma de Mallorca

120.000- 250.000 €

150.000-300.000 €

Southwest

120.000- 300.000 €

150.000-300.000 €

North

95.000- 200.000 €

130.000- 220.000 €

South

80.000- 160.000 €

95.000- 190.000 €

East

65.000- 100.000 €

80.000- 140.000 €

2-bedroom

3-bedroom

Palma de Mallorca

250.000-525.000 €

290.000-700.000 €

Southwest

170.000-650.000 €

330.000- 950.000 €

North

150.000- 400.000 €

230.000- 550.000 €

South

120.000- 250.000 €

160.000- 450.000 €

East

200.000- 400.000 €

250.000- 450.000 €

To discover how to purchase a flat in Mallorca at an affordable price, it's essential to understand the associated costs and determine which expenses are necessary and which ones you can avoid overspending on.

Increases the price:

  1. Year of manufacture

  2. Smart Home System

  3. Energy certificate above class B

  4. Living space from 100 m2

  5. Residential complex with its territory and protection

  6. 3 or more bedrooms

  7. Prestigious location

  8. Car park

  9. Swimming pool

  10. Flat with sea view

  11. Ground floor (bajo) with private garden

  12. Presence of protection

  13. German builder

  14. Presence of a tourist licence

Reduces the price

  1. Limitation of the construction

  2. No lift

  3. Unpopular situation

  4. Difficult way to the house

  5. No parking space

  6. Need for renovation

  7. No swimming pool

  8. Long distance from the sea

  9. Lack of square metres

  10. Emergency sale

HOW MUCH IS THE MAINTENANCE ON AN APARTMENT IN MALLORCA?

It is advantageous to buy flats in Mallorca, not only because of their relatively low cost but also because of the low maintenance costs.

Costs / Average costs per month

  • Condo contents - from 70 euros
  • Electricity - 100 Euro
  • Refuse collection fee - 30 euros
  • Cleaning - 100 Euro

Buying in a luxury apartment complex in Mallorca may incur additional costs. The availability of these options increases the cost of the content:

  1. Spa complex in the condominium
  2. Gymnasium
  3. Outdoor communal pool
  4. Indoor communal pool for winter use
  5. Large interior garden area
  6. Separate descent to the sea
  7. Concierge service

In this case, the costs for the condominium could rise from 70 to 350 euros—the fewer flats in the complex, the greater the maintenance price. Most future owners prefer comfort and buy an apartment in Mallorca in a complex with a communal pool and other options.

BEST AREAS TO BUY A FLAT IN MAJORCA

The most popular areas for buying a flat in a residential complex in Mallorca are the southwest direction, the north of the island and the capital Palma de Mallorca.

Location

Apartments to consider

El Paseo Maritimo

New buildings, luxury flats

Son Oliva

Luxury Apartments, Middle-Class Apartments

Portixol

Luxury Apartments, Middle-Class Apartments

Sta. Catalina

Luxury Apartments, Middle-Class Apartments

Bonanova

The apartments of the middle class, the new buildings

Son Rapinya

The apartments of the middle class, the new buildings

Arenal

Cheap flats

Southwest

Location

Apartments to consider

El Toro

Middle class

Santa Ponsa

Middle-class, new facilities, luxury flats

Son Ferrer

Cheap flats

Bendinat

Middle-class, luxury flat

Palmanova

Middle-class, affordable flats

Andratx

Luxury flats

Llletes

Luxury flats

Paguera

Middle-class, new buildings

Magaluf

Middle-class, luxury flats and affordable flats

Sol de Mallorca

Luxury flats

North Mallorca

Location

Apartments to consider

Alcudia

Middle class

Port Alcudia

Middle-class, new facilities, luxury flats

Pollenca

Cheap flats

Can Picafort

Middle-class, luxury flat

Muro

Affordable flats and new buildings

More than half of all new condominiums in Mallorca are in the prestigious areas of Palma de Mallorca and the southwest of the island.

The cheapest flats on Mallorca are in the north of the island as well as in the east, where the average cost per square metre is traditionally lower than the average on the island.

But there are very few offers to buy a flat in Mallorca in these places. To buy a luxury flat, we recommend looking at the southwestern part of the island and the prestigious areas of Palma de Mallorca.

Yes! Mallorca Property, the real estate agency, offers a vast collection of properties for sale, including listings from private sellers and builders. Whether the property is in the planning stage or ready for occupancy, we have options for everyone.

If you are looking for an affordable deal, please leave your inquiry with us. We will promptly send you proposals for urgent flat sales in Mallorca. You can explore our comprehensive catalogue to find your dream flat right now.

Take advantage of this opportunity to invest in your future! Contact us today!