The demand for new properties in Mallorca remains strong, with 17.6% number of total real estate transactions. Additionally, around 3,500 new houses and flats with improved amenities are leased each year in the private sector to support the construction of new properties in Mallorca.

The Balearic Islands government has announced that 613 social housing units will be completed in 2023, with plans to double this number at a minimum.

Advantages of a new property in Mallorca

There are several advantages to buying a new property in Mallorca. Firstly, it is constructed using modern technologies and adheres to new construction principles, making it more resilient to natural elements such as corrosion, mould, and cracks, which are common issues faced by properties on the island. New buildings are also more energy-efficient, which reduces heating and cooling costs and increases the overall comfort of living.

Secondly, purchasing a new property can often be done below market value. Discounts of up to 40% are sometimes available during the project phase or at the beginning of construction, providing an excellent opportunity for buyers to secure a new property at a lower cost.

Prices for new developments in Mallorca

The average cost of 1 m2 of a new property in Mallorca at the start of construction is €3,112. At the same time, the average price per square metre in Mallorca today is €3,600 This means buying a new property in the early stages of construction will be 12.7% cheaper than buying property on the secondary market.

For example:

A 155 m² new flat with four bedrooms, two bathrooms, a living room, and a fully equipped kitchen is available for purchase at 405,000 euros during the project phase. The flat is in a new residential complex in the capital city of Palma de Mallorca, featuring a lift and a pool. Its reference number is Ref. no. PM-1382, and the price per 1m² is only € 2.613.

During the construction phase, new villas in Mallorca can also be purchased at lower prices. An example of this is a villa located in the exclusive area of Santa Ponsa in the southwest of Mallorca, with a construction area of 600m², which is available for €2,450,000. The villa's reference number is YC-5271, and the cost per 1m² is €3,667. This is 32% less than the current average cost per 1m² in Santa Ponsa, which is €5,400.

New homes in Mallorca — what to expect

As an island, Mallorca has a limited area of 3,640.16 km², and many plots of land are off-limits to construction. Despite this, there is a consistently high demand for local property, which continues to grow. Our detailed article, the Real Estate Prices in Mallorca - Current Real Estate Market Report 2, outlines the reasons for this demand. It's worth noting that new property in Mallorca will always be in high demand.

Financial Advantages of Investing in New Property Developments in Mallorca

There are several financial advantages to buying a new property in Mallorca, including:

High liquidity: Selling a new property in Mallorca typically takes only 1-2 months, compared to the average time of 4 months for selling a property on the island.
Favorable purchase conditions: During the construction of a new property, the buyer typically pays in installments according to the contract, with payments spread out over time.
Investment attractiveness: Buying a new property in Mallorca during the project phase can result in minimal purchase costs, with prices increasing by 25-40% once construction is complete.
Legal clarity: Developers of new properties in Mallorca are regulated by the Government of the Balearic Islands and governed by Spanish law, ensuring the completion of construction.
Lower operating costs: New properties have higher energy efficiency standards, resulting in lower heating and cooling costs.
Higher quality of life: New properties in Mallorca are designed to meet the needs of European buyers, with modern technologies and ample parking spaces. Renovations are typically not necessary.

Most Popular Areas in Mallorca to Buy a New Home

There are new real estate developments underway in various regions of Mallorca, but some areas are more popular than others. Traditionally, the three most popular destinations for developers are:

The capital of the Balearic Islands, Palma de Mallorca, which has the highest number of residential complexes under construction.

The southwest of Mallorca, which is known for having the most exclusive properties on the island. This area has the second-highest density of new property developments, including new luxury villas, modern buildings, and luxurious residential complexes.

The south of Mallorca is also becoming increasingly popular for builders. This area is more profitable for building new properties due to the more favorable landscapes and lower construction costs. The most common new projects here are modern new villas with luxurious interiors and panoramic sea views. A new villa in the south of Mallorca can be purchased for 960,000 euros.

Real Estate Developers in Mallorca

European companies with different characteristics and construction activities are the developers of new properties in Mallorca. They comprise:

Spanish national construction companies
German developers for new buildings in Mallorca
Construction companies from other European countries
Local developers for new properties in Mallorca
International property developers

Some of the well-known property developers in Mallorca are TM, Taylor Wimpey, Aedas, Domus Vivendi, among others. These companies specialize in building modern residential complexes, luxury villas, and even entire neighborhoods in various parts of the island. They offer a catalog of popular and new homes in Mallorca.

Most Popular new residential complexes in Mallorca

The definition of "new" residential complexes in Mallorca includes those that are currently under construction and those completed within the last ten years. Despite being sold by private owners rather than developers, these properties remain popular and in high demand, highlighting their excellent liquidity. The most sought-after new residential complexes are luxurious developments situated in prime locations along the southwest coast of Mallorca and in the capital city of Palma. These modern complexes offer upscale amenities and stunning views of the sea. Here are the top new residential developments that are currently in high demand in Mallorca:

Name	Description
Bendinat Golf 1 y 2	A large residential complex located in one of the best locations on the island, Bendinat. Year of construction 2010
Blue Elements Mallorca	A luxurious complex located on a cliff in Puerto d'Andtarx in the bay of Cala Marmacen. Year of construction 2020
GREEN ELEMENTS	The modern new residential complex will be built in Santa Ponsa in 2020.
Las Adelfas	Built-in 2005. Located in Nova Santa Ponsa. Although it was built long ago, it is considered a high-quality and sought-after complex on the Mallorcan new construction market.
Los Pampanos	Date of transfer: 2001. Located in Nova Santa Ponsa. Luxury properties in Los Pampanos are often bought for investment purposes, as the value of the flats in the complex often doubles after renovation
Serenity	Year of construction 2017. The best new project of the developer Taylor Wimpey. It is located in the southwestern part of the island in the luxury location of Nova Santa Ponsa.

The following new housing complexes are also noteworthy for their popularity:

1. Residencial Mar del Sur Mallorca - Built in 2003

2. Sa Vinya Bendinat - Built in 2004

3. Just Belavent - Built in 2003

4. Las Terrazas - Built in 2001

5. Protogolf Residencial - Built in 2004

6. SES PENYES ROTGES RESIDENCIAL - Built in 2002

The list of most popular new residential complexes in Mallorca (delivered and under construction)

Name	Description and date of delivery	Price
Compass - Cala D'Or (Mallorca)	A new phase of a widespread flat and penthouse project. Handover date: Autumn 2023	From 303,000 euros
Es Balcó - Ses Salines	A new flat and duplex complex with authentic Mallorcan architecture and an excellent location just a few metres from the centre of Ses Salines. Handover date: Summer 2024	From 315,000 euros
Es Llaut - Cala Bona (Mallorca)	The new apartment complex is located close to the beach and the town: Cala Bona, northeast of the island of Mallorca. Handover date: 2023	From 330,000 euros
Sa Galera, Cala Estancia	The exclusive Sa Galera residential complex in Cala Estancia is located by the sea and only 300 m from the nearest beach. Already completed and ready for occupancy.	From 840,000 euros
The Village, Es Capdella	The Village is a new development of 10 semi-detached houses over two floors in the authentic style of Mallorcan village houses. Handover date: Winter 2024	From 790,000 euros
Senses Cala Anguila - Porto Cristo	A complex with flats on the ground floor (with a private garden) and in the attic. The residence is located near Porto Cristo.	From 410,500 euros
Canyamel Pins - Capdepera (Mallorca)	A new residential complex in Capdepera. There are flats with 2 and 3 bedrooms. The first phase has already been handed over. The handover of the second phase is planned for October 2023	From 520,000 euros
Las Villas de Dalt de Sa Rapita II - Campos (Mallorca)	Super modern villas in a new neighbourhood in Sa Rapita. Handover date: July 2023	From 725,000 euros
The Village - Es Capdella (Mallorca)	A new complex with modern residential houses of the "Casa Pareado" type. Handover date: Winter 2024	From 790,000 euros
Sa Galera - Palma (Mallorca)	New townhouses in the Balearic capital Palma. The modern complex is located directly by the sea.	From 840,000 euros
Maremma - Palma de Mallorca	A new project of townhouses with 4 bedrooms and 3 bathrooms. The living space is 142 m²	From 820,000 euros
VASCO DE GAMA - Palma de Mallorca	New modern residential complex with 52 flats in the centre of Palma de Mallorca. There are flats with 2, 3 and 4 rooms.	From 405,000 euros
Llul - en Palma de Mallorca	Luxury residential complex in Palma de Mallorca. Flats start from 86 m². Apartments with 2-3 bedrooms. The construction is completed.	Sold out
DORIA 6 - Palma de Mallorca	Son Espanyolet and Santa Catalina neighbourhoods. New residential development in a good area of Palma de Mallorca. The construction is completed.	Sold out
NEW FOLIES - Puerto d'Andratx. Mallorca	New residential complex of the De Luxe class. Situated in one of the best locations on the island of Mallorca, Puerto d'Andratx	Sold out
PISOS BREMOND SON MOIX - Palma de Mallorca	Modern residential complex in the Son Rapinya district of Palma. Located on the border of the Son Vida area, close to the golf course. The construction is completed.	Sold out
La Perla de Sa Coma	Apartment building with pool in Sa Coma on the east of the island. Handover date: Spring 2024	From 335,000 euros
Essence of Sa Cala - Capdepera	A gated community of new villas and flats in Capdepera. Handover date: Summer 2023	From 372,000 euros
Sant Pere Collection	Project for new villas in Sant Pere. Handover date: Autumn 2023	From 985,000 euros
Pinars de Murada R-7	11 detached villas with private pool and 16 flats with garden or solarium. Cala Murada (Manacor)	Details on request
Es Moli des Trenc 2ª Fase - Playa Es Trenc y Sa Ràpita	Detached luxury villas in Sa Rapita, near Sa Rapita beach - Es Trenc. 2 and 3-bedroom houses, each with a private pool, garden and parking.	Details on request
ELEVEN - CAS CATALÁ, MALLORCA	The most exclusive new construction project in Mallorca with seven flats in Palma. De Lux Apartments. Date of handover: first quarter of 2023	Price on demand
MÍO - Palma de Mallorca	A new residential project with 184 flats. Fully furnished and ready to move in. Completion of construction 2022	Price on demand
GREEN ELEMENTS - SANTA PONÇA, MALLORCA	A residential complex in the prestigious location of Santa Ponsa in the southwest of Mallorca. The complex was fully completed in 2020	Price on demand
ELEMENTS - Portals Nous, Mallorca	A residential complex in the prestigious location of Portals Nous in the southwest of Mallorca. The complex was fully completed in 2020	Price on demand
Blue Elements - Puerto d'Andratx, Mallorca	A new project in the prestigious location of Puerto d'Andratx. Construction has yet to start.	Price on demand

You can buy new properties in these and other popular residential complexes in Mallorca by applying on our website or selecting from our catalogue of new projects in Mallorca.

Our catalogue features 200 new real estate projects that are available for purchase. To make it easier for you to navigate, we have categorized them according to their year of construction. You can access these categories by clicking on the corresponding links and filtering your search according to your desired year. As new properties are highly sought after and often sell out quickly, we encourage you to contact Yes! Mallorca if you need assistance in finding a suitable project.

Our company collaborates with all the major developers on the island, and our collection of new properties in Mallorca is unparalleled. We can help you find and purchase a new property in a timely and efficient manner.

Don't hesitate to contact us today!

New Build Property in Mallorca for Sale

Overview of newly developments in Mallorca