Mallorca is the largest island of the Balearics with an area of 3,640 km² and has a coastline of approximately 550 kilometers. Around 70% of the total property market of the Balearic Islands is accounted for by Mallorca, which has a very diverse range of property choices. From the city dwellings in the bustling historic capital of Palma to serene country homes, charming houses in coastal villages, and striking contemporary villas and apartments, there are properties to suit all tastes. Below, we take a quick look at some of Mallorca’s key areas for luxury real estate. The figures quoted are from Idealista, year ending June 2024:
Southwest: Puerto de Andratx, Santa Ponsa, Portals Nous, Calvia
This region is particularly well known for its luxury homes, and a majority of properties in the top market segment are located in the southwest of the island. In fact, according to research by Engel & Völkers, in 2023, 40 percent of the homes for sale in this region had asking prices of over 5 million euros. Southwest Mallorca features varied, stunning landscapes, including rugged clifftops, dramatic mountainous backdrops, fantastic sea views, green hillsides with hiking trails, and a range of gorgeous. beaches. It is also the home of four luxury marinas, a selection of premium golf courses, and benefits from close proximity to the capital of Palma. Not surprisingly, discerning affluent international property investors and families are increasingly seeking this region of the island.
Palma and the Surrounding Region: Son Vida, Esporles, Puigpunyent
There is a large number of high-end properties worth more than 5 million euros in the region surrounding Palma, particularly in Son Vida. As you move away from the city centre of Palma, the landscape changes to become green hills featuring golf courses, schools, and benefiting from great infrastructure, ideal for families and couples alike.
Center of the Island: Santa Maria, Alaró, Selva, Bunyola
Many buyers are drawn to the centre of Mallorca due to its charming authentic villages, offering old customs and traditional appeal. This region also features striking green undulating hillsides with olive groves and vineyards. Fortunately, much of it is protected from large-scale development by strict Mallorcan development regulations. Here you will find many upscale country homes and fincas enjoying large land plots.
North: Pollensa, Puerto de Pollensa, Puerto de Alcúdia
The northern region appeals to a range of property investors, including nature lovers, those drawn to a Mediterranean lifestyle, its authentic charm, and its stunning beaches. Pollensa features historic stone townhouses, rural fincas, and deluxe country estates. Puerto de Pollensa is characterised by striking modern seafront apartments and villas, along with townhouses ideal for families seeking easy beach access. In Puerto de Alcúdia, high-end apartments and townhouses with proximity to the marina are perfect for those desiring a more cosmopolitan lifestyle.
Southeast: Santanyí, Portocolom, Cala Llombards
Mallorca’s southeast region is ideal for buyers looking for homes with an authentic Mediterranean experience complemented by untouched landscapes, a serene natural setting, or charming fisherman’s houses and front apartments. With crystal-clear waters, it is also sought after by water sports enthusiasts, offering great diving, snorkelling, kayaking, and sailing. In Santanyí you will find upscale country fincas with generous land plots, modern villas offering a fusion of contemporary and traditional styles, plus captivating, restored stone town homes. Oceanfront apartments, quaint fisherman’s houses, and high-end luxury villas can all be found in Portocolom. Cala Llombards has a stunning turquoise cove and includes luxury beachside houses, charming holiday homes, and a selection of contemporary properties.
