Property prices in Majorca

Majorca, the main island of the Balearic archipelago, next to the festive Ibiza, is one of the pearls of the Mediterranean. With its architectural and cultural heritage, Mallorca attracts thousands of visitors every summer. Explosive colors, fine sandy beaches and picturesque old-fashioned villages are all part of Ibiza's charm. A true nature and family destination, the price of which continues to climb. In this article, Homebooker, your luxury real estate agency, reveals the price of real estate in Majorca.

With an area of 3,600 km2, Mallorca remains one of the largest islands in the Mediterranean basin. A true feast for the eyes, the island is also a popular tourist destination for families, thanks to its relaxed, easy-going atmosphere. 
Depending on the sector, property prices in Mallorca can vary by a factor of two or more. With a median price of €4,800/m2 for an apartment and €4,900/m2 for a house (index May 2025), you can expect to find a property for a reasonable budget. 
But in the capital, costs can soar: sales prices regularly reach record highs, driven by prestigious real estate, of which Homebooker is well acquainted with the local meanders. So, to help you see things more clearly, this article offers you a short guide to property prices in Majorca.

Majorca is divided into 6 distinct regions, between sea, mountains and plains, each as different as the next. They're all cultural and tourist hotspots, but each offers a different level of hospitality. Palma, the capital, is obviously the most popular area on the island, but you can also explore the countryside. Treasures of beauty and calm guaranteed, with over 300 days of sunshine a year.  
Property prices in Mallorca fluctuate greatly from region to region, so much so that in some towns, you won't find a property for less than a million euros. Among the most prestigious regions, for example, you'll find the Son Vida district, one of the most exclusive on the island. Here, it's hard to find a villa for less than €700,00. And the rarest local properties can go for around €10,000,000. 
While the Bay of Formentera boasts slightly lower property prices, the area is still positioned in the luxury segment. Tranquillity and exclusivity are the order of the day for villas nestling in the hills away from the hustle and bustle of the city. Particularly sought-after, this area offers exceptional amenities.
The latest prestige location on Mallorca is Bendinat. Its proximity to the capital, the peace and quiet and the island's finest golf courses within easy reach make it a coveted location. Here you'll find large-scale homes, with prices starting from €500,00.
Homebooker has chosen to set up shop on this typical, upmarket island, helping discerning customers from the four corners of the globe to acquire the property of their dreams.

Although Mallorca is renowned for its exceptional villas, you can also invest in an apartment. Lower risk, attractive rental yield potential in the capital and the comfort of an apartment with all the trappings of luxury, the island remains true to its high-end commitment to all aspects of real estate. In just a few years, Mallorca has become one of the capitals of luxury tourism, and developers have adapted by offering increasingly prestigious properties. 
In the countryside, the price per m2 means you can afford a studio for under 100,000 euros. Nevertheless, you should expect to pay an average of €4,800/m² across the island as a whole, with purchases in the capital city sometimes topping the million euro mark.

If property prices in Mallorca have reached such heights in just a few decades, this is due to a number of factors influencing the market. But which ones?
First and foremost, proximity to France, Italy and our other border countries plays a major role. Easy access, with only a few hours by plane, partly explains Majorca's appeal. Its mild weather, daily sunshine, warm water and numerous shops also make it an ideal place for family vacations. Another factor is the attractive local tax system.
The constant presence of tourists increases demand for real estate, but buyers looking for exclusivity and peace and quiet shun populated areas. As a result, prestige properties are particularly sought after in outlying areas, which explains why certain regions are seeing their real estate markets explode.

Now that you know a little more about property prices in Mallorca, are you planning to explore the local market? If so, don't hesitate to contact our local Homebooker agents. We'll be delighted to assess your project with you and offer you our properties for sale, mainly off market in this exclusive region.