Real Estate in Mallorca

Mallorca is the most familiar foreign market for buyers from Germany: short flights, year-round infrastructure and a large German-speaking community. We support you with your plans.

Locations in Mallorca

• Palma: Old town, Santa Catalina and Portixol, city apartments with year-round life. Guide value: approx. €5,540/m² (+5.8 %) (asking prices, idealista, July 2026).
• South-west: Port d’Andratx, Bendinat and Santa Ponsa, villas with sea views. Guide value: approx. €8,771/m² in Andratx, €7,469/m² in Calvià (asking prices, idealista, July 2026).
• Tramuntana: Deià, Sóller and Valldemossa, stone houses in the UNESCO mountains. Guide value: approx. €5,791/m² in Sóller (+11.4 %) (asking prices, idealista, July 2026).
• South-east: Santanyí and Cala d’Or, fincas and quiet coves. Guide value: approx. €5,671/m² in Santanyí (+8.0 %) (asking prices, idealista, July 2026).

Guide values per m² from different sources: asking prices, estimates or transaction prices, as stated in each case. Individual properties vary considerably with condition, view and floor.

Mallorca Market

Prices by Location

Sale prices: average price of notarised sales over the latest twelve months available, apartments and houses, new build and resale (Portal Estadístico del Notariado, retrieved 22 Oct 2026). The portal does not publish the number of sales freely; in small postcode areas a value may rest on only a few sales.

Bank valuation: average value from bank valuations of open-market homes, Q2 2026, published only for municipalities with enough valuations (Ministerio de Vivienda via habitua.es). Bank valuations are below notarised sale prices, markedly so in prime locations.

Buying and Costs

• Transfer tax (ITP) in the Balearic Islands on resale property, tiered: 8 % up to €400,000, 9 % up to €600,000, 10 % up to €1m, 12 % up to €2m, 13 % above (Balearic Tax Agency).
• A Spanish tax number (NIE) and a Spanish bank account are required before the notary appointment.
• Checks: land registry extract (nota simple), building permit and habitation certificate, and for fincas the building rights on rural land.

Also see: Ibiza. More on the market in Spain.

What Buyers Should Check Here

• New holiday lets in apartment buildings have been prohibited in the Balearic Islands since April 2025 (BOE). Anyone planning to let should only buy with an existing, transferable licence.
• If a non-resident sells, the buyer must withhold 3 % of the price and pay it to the tax office within one month (Agencia Tributaria). The municipal land value tax (plusvalía) is then also owed by the buyer (City of Madrid); both belong in the purchase contract.
• For fincas on rural land (suelo rústico), the building permit and building rights determine the value; extensions are only possible within narrow limits.
• Purchase costs with a worked example in our Spain Guide.