Property for Sale in Mallorca - the Balearics' Benchmark for Luxury Mediterranean Living

Mallorca

From Port d'Andratx's superyacht marina and Palma's Gothic old town to Pollenca's northern bays and the sheltered coves of the south-east

Mallorca is the largest of the Balearic Islands - 3,640km2, with a population of around 949,000 (2024), of which nearly half live in the capital, Palma (around 438,000) . It is a genuinely different market to the Costa Blanca towns covered elsewhere on this site: six of Spain's ten most expensive residential districts by price per m2 are in the Balearics, and three of those six sit on Mallorca itself . The island's character varies sharply by zone. The south-west - Port d'Andratx, Bendinat, Portals Nous, Son Vida - is Mallorca's established prime-property axis, backed by the Serra de Tramuntana, a UNESCO World Heritage mountain range (inscribed 2011) running around 90km along the island's north-west spine . Palma's old town offers a genuinely different proposition: historic Casco Antiguo townhouses around the Gothic La Seu cathedral and the Passeig des Born, walkable and urban, and increasingly a Michelin dining destination in its own right . The north - Pollenca and Alcudia - trades the south-west's density for long sandy bays, a well-preserved medieval old town at Alcudia, and a quieter, more traditional pace . The south-east - Cala d'Or, Santanyi, Porto Petro - is coves and calas rather than long beaches, still largely free of high-rise development . Connectivity underpins all of it: Palma Airport closed 2025 with 33.8 million passengers, up 1.5% year-on-year, and connects to around 173-176 destinations across 37 countries via 58-61 airlines - Germany, the UK and Switzerland are the largest international markets, and Air Europa uses Palma as its main base . Spain's Golden Visa residency-by-investment route closed on 3 April 2025 (Organic Law 1/2025) ; buyers on Mallorca today are, by and large, lifestyle and cash buyers rather than visa-seekers, consistent with the island's long-standing German-led buyer base (see marketsummary below).

Local Insights

  • Beaches Access

    Mallorca's coastline means different things depending on where a buyer looks. In the south-west, Port d'Andratx itself is more cove and marina than open beach, while Bendinat and Portals Nous combine small sandy coves with beach-club culture. In the north, Port de Pollenca offers a long, gently shelving sandy bay looking toward the Formentor peninsula, and Alcudia has some of the island's longest sandy beaches alongside its own marina at Port d'Alcudia . In the south-east, the character shifts to coves rather than bays: Cala d'Or's Cala Gran, Cala Esmeralda and Cala Petita, and the quieter coves around Santanyi and Porto Petro, are sheltered, small-scale and largely free of high-rise development .

  • Nature and Trails

    The Serra de Tramuntana, a UNESCO World Heritage cultural landscape inscribed in 2011, runs around 90km along Mallorca's north-west coast, up to 15km wide, and covers roughly 30% of the island's land area across more than 20 municipalities . It is the defining natural backdrop for both the south-west's prime coastal zone and the north's Pollenca/Alcudia area, shaping a terraced, mountainous landscape with no real equivalent on the flatter Costa Blanca.

  • Dining and Culture

    Mallorca carries genuine Michelin weight: the 2026 Michelin Guide lists 12 stars across 11 restaurants on the island, including VORO in Canyamel (the island's only two-star restaurant, chef Alvaro Salazar) and nine one-star kitchens, among them Marc Fosh and Zaranda, both in Palma's old town . Marc Fosh - the first British chef to win a Michelin star in Spain - cooks in a former convent-turned-hotel on Carrer de la Missio, squarely in the Casco Antiguo . This is a materially different dining landscape to the Costa Blanca towns covered elsewhere in this series, where Michelin recognition is far sparser.

  • Leisure and Outdoor

    The south-west's marina infrastructure anchors its luxury positioning: Port d'Andratx's Club de Vela has 475 berths for boats up to 36m, with a further seven superyacht moorings (up to 30m) under construction ; Port Adriano, roughly halfway between Andratx and Palma and designed by Philippe Starck, takes superyachts up to 100m . Palma's old town offers a different kind of leisure entirely: the 14th-century Gothic La Seu cathedral, the boutique-hotel-lined lanes of Sa Portella, and the Passeig des Born's luxury shopping . Golf is well established island-wide - Mallorca has 24 courses, 21 open to visitors, including Son Vida (the island's oldest, opened 1964) near Palma and Golf de Andratx in the south-west .

  • Outdoor Living

    Palma Airport's own AEMET weather station gives Mallorca genuinely primary climate data, unlike the smaller towns covered elsewhere in this series: an annual average of around 18C, a January average high of 15.7C, an August average high of 30.2C, and around 2,800 hours of sunshine a year . Villa architecture varies by zone - contemporary, sea-view design in the south-west's Port d'Andratx and Bendinat; restored stone townhouses in Palma's old town and the north's village centres; and lower-density cove-side properties in the south-east.

Market Summary

Mallorca's average price data genuinely disagrees across sources - more so than the Costa Blanca towns covered elsewhere in this series - and this pack presents it as a range rather than forcing a single number. Idealista's Palma-specific figure (May 2026) put the capital's resale housing at 5,167/m2, a fresh historic high . Engel & Volkers' Mallorca-wide index (23 June 2026) shows houses at 4,722.77/m2 (+5.24% year-on-year) and apartments at 5,191.90/m2 (+5.05%) . Idealista's regional Baleares figure (5,337/m2, +6.8% year-on-year) is sometimes quoted loosely as "Mallorca," but A further figure - 7,370/m2 island-wide, +9.8% year-on-year, from the Steinbeis Transfer Institute's 2026 study as reported by Imperial Properties - sits well above both of the above; What is consistent across sources is the south-west's premium positioning. Idealista's December 2025 ranking of Spain's ten most expensive residential districts placed Costa d'en Blanes (Calvia) 2nd nationally at 9,677/m2 and Port d'Andratx 3rd at 8,921/m2, with Son Vida (8,587/m2) and Portals Nous-Bendinat (8,358/m2) also among Spain's ten priciest districts nationally - four Mallorca zones inside the national top 10 in total, alongside Madrid's Salamanca district and one Ibiza zone . Buyer profile in the premium (above 2m) segment is reported as German-led (58%), with British (10%), Spanish (9%), Scandinavian (7%), Swiss (5%) and other nationalities (11%) making up the rest ; More broadly, foreign buyers make up around 30-33% of all Balearic residential transactions, with German buyers leading all foreign purchases at 39% in 2025 and UK buyers a distant second at around 9.4% . Separately, a 2025 proposal (Mes per Mallorca) to restrict non-resident and corporate purchases was debated and voted down by the Balearic parliament in early 2026; there is no live purchase restriction on foreign buyers in Mallorca as of this pack's fact-check date . One further point worth surfacing for buyers weighing a rental income angle: since 2022 the Balearic government has held a moratorium on new short-term tourist rental licences (ETV) across most of the island, still in force in 2026 - meaning a property bought without an existing licence generally cannot be newly licensed for short-term letting, and the practical route into that market is to buy a property that already holds one . A limited 2026 lottery release of 1,069 additional rental places (application window 23 March-8 April 2026) is a partial, temporary exception, not a reopening of the general market .

  • Average priceEUR 5,250/m2
  • Year on year+10.2%
  • Apartment averageEUR 4,900/m2
  • Active inventory0
  • Transaction growth+14%
TypeAverageYoY
apartmentsEUR 4,900/m2+10.2%
housesEUR 0/m2+10.2%
villasEUR 5,600/m2+10.2%
  • Average priceEUR 5,250/m2
  • YoY change+10.2%
  • Apartment priceEUR 4,900/m2
  • House and villa priceEUR 5,600/m2
  • Premium zone0-8200
  • Transaction growth+14%
  • Quarterly growth+7%

Living in Mallorca - Frequently Asked Questions

Can foreigners buy property in Mallorca?

Yes - there is no legal ban or restriction on foreign buyers. A 2025 proposal to restrict non-resident and corporate purchases was debated and voted down by the Balearic parliament in early 2026, and any such restriction would also face significant EU free-movement-of-capital obstacles .

How much does property cost in Mallorca?

Sources genuinely disagree, and this pack treats that as a real range rather than picking one figure. Palma itself is around 5,167/m2 (Idealista, May 2026, a historic high) ; Engel & Volkers' island-wide index shows houses at 4,722.77/m2 and apartments at 5,191.90/m2 (June 2026) ; a separate Steinbeis Transfer Institute study puts the island-wide average notably higher, at 7,370/m2 . Premium south-west zones run far higher again - Port d'Andratx and Costa d'en Blanes are both among Spain's 10 most expensive residential districts nationally, at 8,921/m2 and 9,677/m2 respectively (Idealista, December 2025) .

Where is the best place to buy in Mallorca - Port d'Andratx, Palma or Pollenca?

It depends on the lifestyle sought, not which is objectively best. Port d'Andratx and the south-west suit buyers wanting marina life and the island's highest-value property; Palma's old town suits buyers wanting a walkable, urban base with genuine Michelin dining on the doorstep; Pollenca and Alcudia in the north suit buyers wanting long sandy bays and a quieter, more traditional pace .

Does property in Mallorca come with a holiday rental licence?

Not automatically, and this is a genuinely important point for buyers with a rental-income plan. Since 2022 the Balearic government has held a moratorium on new short-term tourist rental (ETV) licences across most of the island, still in force in 2026 - so a property without an existing licence generally cannot be newly licensed, and the practical route into short-term letting is to buy a property that already holds one .

Is Mallorca more expensive than the Costa Blanca?

Yes, substantially, in its established prime zones. Six of Spain's ten most expensive residential districts nationally are in the Balearics, three of them on Mallorca - a different league to the Costa Blanca towns covered elsewhere on this site, where even the pricier North Costa Blanca towns run at roughly a third to a half of Port d'Andratx's per-m2 level .

Is Cala d'Or a good place to buy property in Mallorca?

Yes, for buyers wanting Mallorca's south-east rather than the south-west's marina-and-golf axis or Palma's urban core. Cala d'Or and its neighbours Santanyi and Porto Petro are built around sheltered coves - Cala Gran, Cala Esmeralda and Cala Petita among them - rather than long open beaches, and the area remains largely free of high-rise development . It's a lower-key, more traditional alternative to the established south-west prime zones covered elsewhere in this pack; this pack's south-west price data does not apply directly to the south-east.

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