Mallorca – FAQs for Buying Property

How much are property prices in Mallorca compared to the rest of Spain?

Looking at prices per square metre, property in Mallorca is about twice as expensive as the national average. Mallorca accounts for approximately 80% of all property sales in the Balearics, making the regional index published by Idealista a reliable reflection of local pricing trends.

As of May 2025, the average asking price in the Balearics was 4,905 euros per square metre, compared to 2,391 euros per square metre for Spain as a whole, a difference of more than 105% (source: Idealista).

Villas in Mallorca tend to skew toward the luxury segment, but the most common price bracket is actually between €500,000 and €1 million. Around 30% of villas are priced over €3 million, with a deep and consistent supply in the €5 million to €10 million range. For apartments, the most common price band is €400,000 to €500,000, with roughly half of all apartment listings priced below €700,000. This reflects a more balanced price distribution in the apartment sector, compared to the villa market, which is much more luxury-weighted.

See our full Mallorca property market overview.

What can I buy in Mallorca with €1 million?

Mallorca is a world-renowned destination for luxury property investment, but many people are surprised at what you can get for €1 million. There is a good selection of villas and houses up to this price point, particularly in inland areas or secondary coastal zones. Based on our own research, over half of all villas currently listed across the island are priced at €2 million or less, and the most common bracket is between €500,000 and €1 million.

Apartments offer even more choice under €1 million. The €400,000 to €600,000 segment contains the largest concentration of listings, and around half of all apartments are priced below €700,000.

Although it is fair to say that, when considering the villa and house segment, Mallorca certainly earns its reputation as a luxury property market, the €1 million range remains a practical budget for many overseas buyers.

For a full breakdown of what’s available by type and price point, see our 2025 supply analysis – Mallorca Property for Sale: Price, Type, and Supply in 2025.

Are properties in Mallorca sold freehold or leasehold?

Generally speaking, as is the case with all listings in our portfolio, properties advertised for sale in Mallorca to overseas buyers are almost always offered as freehold. Leasehold arrangements are extremely rare in the residential market and would be clearly stated where applicable.

For a full explanation of how freehold ownership works in Spain, including communal areas in apartments and urbanisations, see our detailed guide - Property Ownership in Spain FAQ.