Houses in Mallorca for sale
Great house after complete renovation in Costa de la Calma
Buying a House in Mallorca — what to consider
Yes! Mallorca Property offers over 150 houses in Mallorca for sale, with prices ranging from 295,000 to 5,000,000 Euros, with daily updates. Due to the high popularity among buyers, the average time for selling houses in Mallorca is from 1.5 to 2 months.
Typical house in Mallorca
A house in Mallorca is a practical, relatively small property designed for single-family living. And, as a rule, you can buy a home in Mallorca at a more attractive price than other real estate types. A typical house in Mallorca is 100 m2 – 300 m2, with 2-4 bedrooms, 1-3 bathrooms, a terrace, pool, and parking area. Average buying price — 650 000 – 750 000 €.
Why buy a house in Mallorca
Buying a house in Mallorca privately decides most property buyers in Mallorca. This type of property is in second place when asked to buy in the real estate agencies of the island. And on the first purchase. After evaluating all the pros and cons, real estate buyers often change their minds about buying a Finca in Mallorca or an expensive villa in favor of buying a house in Mallorca.
Usually, houses are bought for seasonal holidays, permanent residence, short-term rental, renovation, and subsequent resale.
What is the difference between a house in Mallorca and a villa?
Houses in Mallorca are similar in type to the Villas you can buy on the island. But unlike the villa, the house has a smaller living area and a more modest plot area. At the same time, the home also includes options such as a terrace, a swimming pool, a garage, or a car parking space on the internal territory.
In the article "Overview of prices in Mallorca," we provided statistics on the purchase of real estate in Mallorca by foreign citizens. More than half of the houses in Mallorca's buyers are Central Europe residents. Countries such as Great Britain, Germany, Austria, Switzerland, Holland, and France.
Citizens of these countries are accustomed to an increased class of comfort and have a high level of solvency. Therefore, they are looking for a house in Mallorca with specific characteristics and price ranges.
House Prices in Mallorca in 2023
The average price for a square meter — is 3500 Euro
Minimum houses price — 250 000 Euro
Small house price — 250 000 Euro
Average house price — 700 000 Euro
Luxury house price — 1 500 000 Euro
What affects the house prices in Mallorca
Increases the value of the house:
• New build year
• Smart home system
• Energy certificate Class B and higher
• Swimming pool
• house by the sea
• Plot area from 900 m2
• Prestigious Location
Reduces the cost of the house:
• The poor condition of the house
• Urgent sale
• Not a popular location
• Difficult approach to home
• Lack of parking
• Illegal buildings on the site
How to buy houses in Mallorca cheap
Compared to mainland Spain, a house in Mallorca is almost impossible to buy for 100,000 euros. For this amount, the buyer can purchase a tiny home of less than 70 m2. Such houses are in different locations. And their condition requires serious investments. With a sum of 100,000 euros, you can buy a home in Mallorca from a private person using your capital as a down payment on a Mortgage.
Suppose you are planning to buy real estate in Mallorca for up to 200,000 euros. In that case, we recommend you consider purchasing a house in Mallorca in the central and eastern parts of the island: Sineu, Costitx, Manacor, Artà, and Porreres.
For this budget, you can buy a small house in Mallorca:
- Living area up to 130 m2
- Land area up to 350 m2
- Bedrooms 2-3
- Bathrooms 1-2
How much does it cost to maintain a house in Mallorca
Expenses: average cost per month
Gardener —90 euro
Pool maintenance — 40 euros
Electricity — from 130 euros
Security system— 30 euros
Garbage collection fee — 30 euros
Cleaning — 150 euros
Furthermore, remember the annual IBI property tax: from 0.4% to 1.1% per year.
For the status of the owner of a house in Mallorca, as for all good things, you will have to pay additional funds monthly. Therefore, many owners of this type of property prefer to rent out their house in Mallorca for short-term rent during the months when they do not use their property.
The average rent for a house in Mallorca is 2500 euros per week during the season from April to October.
Where to buy a house in MallorcA
Southwest locations in Mallorca are considered the most prestigious. Therefore, most Central Europe and Great Britain citizens prefer to buy a house in the southwest of Mallorca. You can purchase homes at a lower price in the east and north.
Luxury homes — Santa Ponsa, Luxury and Average Price — El Toro, Palmanova, Calvia, Andratx, Budget Homes — Costa de la Calma, Paguera.
Luxury and Average Price — Badia Grande, Puig de Ros. Budget Homes — Cala Blava, Sa Torre, Sa Rapita.
Luxury and Average Price — Port Alcudia. Budget Homes — Sa Pobla, Pollenca, Can Picafort, Muro.
Yes! Mallorca provides a variety of homes for sale from private owners and developers.
If you are looking for a bargain home, leave your inquiry. We will immediately send proposals for the urgent sale of homes in Mallorca.