Mallorca is a strong favourite with international property buyers. With its natural beauty, mild climate and strong infrastructure, it offers an excellent standard of living for both year-round residents and second-home owners. But while the island’s appeal is universal, its property market is varied. Understanding the different areas, price brackets and purchase process is essential for making the right choice.
Understanding the island’s geography
Though Mallorca is compact, its regions are remarkably diverse. Palma de Mallorca, the island’s capital, has become a hotspot for city living with historic buildings, elegant apartments and a growing number of international residents. The Old Town (Casco Antiguo) and Santa Catalina offer charm and culture, while areas like Portixol and Molinar combine seafront views with a relaxed, residential atmosphere.
To the southwest, towns such as Puerto Andratx, Santa Ponsa and Bendinat are known for their high-end villas, exclusive marinas and golf courses. This is one of the most sought-after areas for international buyers, particularly those seeking privacy and sea views.
The north and northwest, including Sóller, Deià and Pollensa, offer a more rural setting, with traditional stone fincas, mountain views and a strong sense of Mallorca’s heritage. These areas tend to attract buyers looking for tranquillity and a slower pace of life.
Inland towns such as Alaró, Santa Maria and Sencelles have also seen renewed interest. They provide larger plots, traditional architecture and a more authentic village atmosphere, often at more competitive prices.
Price ranges and property types
Prices in Mallorca vary considerably depending on location and property type. Palma city apartments typically range from €400,000 to €2 million, with penthouses and restored buildings in prime positions commanding the highest prices. Coastal villas in the southwest regularly exceed €3 million, while rural estates in the Tramuntana mountains or near Pollensa can range from €1 million to over €10 million for historic properties with land.
For those with more modest budgets, apartments in less tourist-heavy inland towns or on the east coast can still be found from around €250,000. However, quality and location remain the main drivers of value.
What to expect from the buying process
The property purchasing process in Mallorca is similar to mainland Spain, with a few regional specifics. Once a buyer has identified a property, a reservation contract is usually signed with a small deposit to take it off the market. This is followed by a private purchase contract and a 10% deposit, with the final transfer of ownership formalised at the notary’s office.
Due diligence is crucial and we advise you work with trusted legal partners to verify all documentation, check building permissions and ensure the property is free of encumbrances or liabilities. Buyers should also budget for additional costs, which typically amount to 10% – 13% of the purchase price, including taxes, notary fees and legal representation.
Buying in Mallorca with Serneholt Estate
Whether you are searching for a sea-view apartment in Palma or a secluded finca in the hills, Serneholt Estate offers expert guidance at every stage of the journey. With local knowledge, multilingual advisors and a carefully curated portfolio of properties, we help clients navigate the market with confidence.
Get in touch with our experienced team today to begin your property search in Mallorca.
