
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).
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 .
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.
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.
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 .
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.
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 .
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 .
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) .
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 .
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 .
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 .
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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