Mallorca is the Capital Island of the Spanish Balearic Islands, located in the heart of the Mediterranean. Easily accessible and increasingly popular for higher end tourism, the island offers a diverse range of property options, from luxury estates and resorts to country fincas, old and new town houses to waterfront apartments and high-end new residences.
Investment here is generally viewed to be low risk, although it is more expensive per m2 than on the mainland (excluding Madrid and Barcelona).
Unlike most other areas of Spain, property prices in cosmopolitan Mallorca are higher than the peak before the 2007/8 crash. A recent cumulative variation study found house prices have risen 6% between 2006 and 2021 in Mallorca, whereas they have dropped 33% on the mainland. Certainly property prices in the Balearics remain some of the highest in Spain, rising year on year.
Unlike most other areas of Spain, property prices in cosmopolitan Mallorca are higher than the peak before the 2007/8 crash. A recent cumulative variation study found house prices have risen 6% between 2006 and 2021 in Mallorca, whereas they have dropped 33% on the mainland. Certainly property prices in the Balearics remain some of the highest in Spain, rising year on year.