Apartments in Mallorca for Sale

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

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.

Southwest

North Mallorca

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!