Mallorca has a reputation for being a destination for luxury property investment, however, this is a generalisation, especially in the case of apartments. In this article, we will look at apartments for sale in Mallorca at price points of €400k to €600k, which are accessible to mainstream overseas property buyers and account for around one quarter of the apartment stock on the island.
The size, age and specification of apartments available in Mallorca for this budget vary hugely depending on location, proximity to the ocean and view. The lowest price-per-square-metre areas tend to be dominated by local demand, but in this article, we are focusing on locations that are popular with overseas investors.
We have chosen five key areas popular for overseas investment in Mallorca apartments to represent the prestigious south-west region - Andratx and Calvià - the urban neighbourhoods and luxury coastal resorts of Palma - Santa Catalina and Cala Major - and the northern region, looking at the town of Port de Pollensa.
Port d'Andratx
Despite Port d'Andratx having some of the most expensive properties in Mallorca, it still has a modest selection of apartments, with some surprisingly spacious units, for sale within this price bracket.
Property investors interested in this premium coastal area naturally will need to trade living space for views or proximity to the sea. Dominated by new builds, available offerings include compact front line units with one bedroom and premium views in modern developments, typical build areas around 60 sqm, two bed units, some also with sea views, quite a few attractive garden homes, with typical living areas from 80 to 100+ sqm. There is even a scattering of three bedroom apartments in proximity to the ocean, with build areas up to 150 m².
Our average price per square metre for apartment listings between €400k and €600k in Port d'Andratx is €5,252/m², the highest of our five chosen destinations in Mallorca.
Santa Ponsa
For property investors prioritising proximity to a wide range of leisure facilities and the city of Palma, Santa Ponsa in Calvia is a great choice. In terms of apartments for sale here within this price bracket, one of the most notable characteristics is value for money and the amount of space you can get for this budget.
Properties for sale in Santa Ponsa are typically most suitable for families, and from our sample two and three bedroom units were equally common, accounting for a vast majority of the apartment stock in this range, with just a handful of one bedroom apartments. These price points offer a good selection of apartments with a sea view, some with living areas over 100 m². Without a sea view, this price range in Santa Ponsa offers spacious apartments with living areas well over 200 m².
In the price range of €400k and €600k, our price per square metre Santa Ponsa apartments for sale is 4,532 €/m².
Santa Catalina
With an average price per square metre of 4,140 €/m², Santa Catalina in central Palma shows the most affordability of our five Mallorca areas. As a city neighbourhood, a majority of the listings for sale here fall within the property group of apartments, and there is a diverse selection of units on the market. Apartment availability spans reformed and renovated buildings to new contemporary builds.
Just a small percentage of the apartments here within this budget offer a sea view, and this area is most in demand for investors seeking proximity to the historic centre of Palma. At the lower end of this price point, most of the apartments are new or renovated one bedroom units. Increasing the price point over €500k gives access to an impressive choice of remodelled and refurbished traditional two or three bedroom apartments, all within walking distance of Santa Catalina market.
Cala Major
Cala Major is a well established resort on the south-west coast of Mallorca within the municipality of Palma, and apartments for sale here within our price range, on a square metre basis, are priced in the middle of our five key areas.
As a premium tourist location, a relatively small number of apartments are available at these prices, ranging from compact one bedroom units of 50 sqm at the lower end of our price range to mainly two bedroom apartments at the upper end, with just a few three bed configurations. Just a few of the apartments available for this budget offer a sea view, and these are a mixture of compact one bed properties to modest two bed units.
Our price per square metre for apartments in Cala Major priced between €400k and €600k is 4,655 €/m².
Port de Pollensa
Property for sale in Port de Pollensa, a coastal town at the base of Mallorca’s northern tip, the Formentor Peninsula, is on average significantly more expensive than in the municipality of Pollensa as a whole. At 4,862 €/m² for apartments in our price range, it is the second most expensive of our areas behind Andratx.
Read more about Pollensa property prices.
Due to its premium price tag, driven by its scenic coastal location, with a port, marina and proximity to Pollensa town, for our price range of €400k and €600k the available units in Port de Pollensa are relatively compact. The available stock for these prices is a mixture of two and three bedroom apartments with typical sizes between 70 and 150 sqm. Sea view apartments for sale in Port de Pollensa start at around €600k and are not generally available for this budget. At the upper end of this price range, more spacious units close to Pine Walk, and the beach are an option, sometimes in resort complexes with pools. At the entry level of our price range, proximity to the beach is still possible but units are notably less spacious.
View our Mallorca apartments for sale
Appendix
- Data in this article is based on live listings on Idealista in February 2026.
- To normalise the data from live listing search values and account for listing anomalies, apartment price-per-square-metre values were obtained by applying a deflationary adjustment of 18% based on our own methodology.