The Balearic Islands mean Mallorca, Spain’s most prestigious island market. Buying an apartment or villa on Mallorca is entering a closed club of European luxury: 16 new-builds across 3 locations, from Palma to the coves of Santa Ponsa.
Limited supply and strict building restrictions keep prices high — €/m² of €3,989–€8,452 — and steadily rising.
| Town | Avg €/m² | Yield | Listings |
|---|---|---|---|
| Santa Ponsa | €6,905 | 5.6% | 6 |
| Palma | €6,629 | 5.5% | 6 |
| Alcúdia | €5,201 | 5.5% | 4 |
updated 2026-07-09
Sorted by estimated rental yield.
Off-plan · 2027 Q26.8% yield
Off-plan · 2026 Q46.7% yield
Under construction · 2026 Q26.4% yield
Off-plan · 2027 Q26.4% yieldOff-plan · 2027 Q26.4% yieldUnder construction · 2026 Q36.2% yieldLand scarcity, German and Scandinavian demand and a reputation as “Europe’s number-one island” make Mallorca one of Spain’s most defensive assets.
Mallorca suits the premium buyer for whom capital growth, lifestyle and status matter more than maximum rental yield.
Palma de Mallorca airport (PMI) is one of Spain’s busiest in summer, with a dense grid of direct flights, especially from Germany and Scandinavia. The island is compact: 10–15 minutes from the airport to Palma, about half an hour to the south-west resorts (Santa Ponsa), up to an hour to northern Alcúdia.
The region is the Balearic Islands, where resale ITP is progressive: from 8% on the first price bands and higher on pricier homes. New-builds are 10% VAT (IVA) plus AJD. Given the premium price level, the tax slice is significant — check it in the costs calculator.
Estimate purchase costs →Official Spanish Ministry of Interior statistics — registered offenses per 1,000 inhabitants.
Spain is among the safest countries in Europe. Tourist provinces look higher on paper: offenses involving millions of visitors are divided only by the registered population. Most incidents are petty theft in high season; violent crime is rare.
Source: Ministerio del Interior, Balance de Criminalidad 2024.
The Balearics have 16 new-builds from €263,000 to €2,594,000, with €/m² of €3,989–€8,452. Limited supply makes it one of Spain’s priciest markets.
Rental yield here is 4.1–6.8%, but most buyers target capital growth and lifestyle: Mallorca’s premium segment appreciates steadily and resells easily.
The island strictly limits new building, while German, Scandinavian and wealthy European demand stays high year-round. Scarce supply keeps prices above the mainland coast.
Palma de Mallorca airport is one of Spain’s busiest: in summer, direct flights link the island with practically all of Europe, with especially dense coverage from Germany and Scandinavia. The schedule thins noticeably in winter, but key routes — Madrid, Barcelona, major German cities — operate year-round.
The peak is pronounced: from May to October the island runs close to full, while tourist letting quietens in winter. In the premium segment this is rarely a problem — most owners combine their own stays with summer letting, and the asset’s economics rest on capital growth rather than winter occupancy.