Real Estate Prices in Mallorca: Factors, Trends and Perspectives
How the Mallorca property market is really moving
Ø = average (arithmetic mean) · figures for calendar year 2025, buyer structure January 2024 – June 2026 · Source: Consejo General del Notariado, DAHLER Research
Actual purchase prices instead of asking prices
Property prices in Mallorca are usually based on asking prices. Our report goes one step further by analysing what buyers actually paid. Based on 29,731 notarised residential property transactions completed between January 2024 and June 2026, it provides a unique insight into market developments across Mallorca, broken down by municipality, property type and buyer origin.
A first-of-its-kind analysis, based on real purchase prices.
Get the latest figures on Mallorca's real estate market
Recorded property sales in Mallorca
The number of property sales in Mallorca fell slightly in 2025 (−2.3%), while prices per square metre increased by 10.2%. Anyone buying property in Mallorca in 2025 paid significantly more for the same floor area than a year earlier. Strong demand continues to meet limited supply. Each quarter, around 2,100 to 2,500 apartments and 630 to 800 houses change hands, reflecting a remarkably stable market over the past two years. The most recent quarter is reserved exclusively for the full report, offering the first insights into how Mallorca's property market is evolving in 2026.
Source: Consejo General del Notariado, DAHLER Research · residential property only
Mallorca house prices by region
House prices in Mallorca vary significantly by location. In the southwest, around Andratx and Calvià, average prices reach €5,516 per m², almost twice the level of the island's interior (€2,907 per m²). In the prime segment, this is reflected primarily in total purchase prices. In Son Vida, the average purchase price of a house is €3.36 million, while in the municipality of Andratx, including the harbour town of Port d'Andratx, it reaches €2.64 million, the highest average purchase price of any municipality on the island. Palma records the highest transaction volume, with 4,430 apartment sales.
Map shaded by average €/m² for apartments in 2025 · average (arithmetic mean), not median · “vs. Mallorca average” = average purchase price across all price segments (houses and apartments) · Source: Consejo General del Notariado, DAHLER Research
Who buys property in Mallorca?
Mallorca continues to attract buyers from around the world, with more than four in ten property buyers coming from abroad. German buyers make up by far the largest share of international purchasers, accounting for 48.5% of all foreign buyers, well ahead of buyers from the United Kingdom (9.6%) and Sweden (5.2%). This strong international demand continues to support both price growth and the enduring appeal of many parts of the island.
57.9 % of buyers are Spanish nationals or residents.
Shares of international buyers (100 % = all 15,873 foreign buyers) · buyer data January 2024 – June 2026 · Source: Consejo General del Notariado, DAHLER Research
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FAQ
Frequently asked questions
The data is provided by the Spanish General Council of Notaries (Consejo General del Notariado) and is based on notarised residential property transactions. It reflects the actual purchase prices paid rather than asking prices published on property portals, providing an accurate picture of the Mallorca property market.
In 2025, the average price per square metre of an apartment in Mallorca reached €3,762, an increase of 10.2% compared with 2024.
In the same year, the average purchase price of a house was approximately €1.08 million, while the average purchase price across all residential properties was around €531,000.
In 2025, the average price per square metre of an apartment in Mallorca reached €3,762 per m², an increase of 10.2%compared with 2024.
Over the same period, the number of notarised residential property transactions fell slightly to 12,181 (−2.3% compared with 2024), while the total transaction volume increased by 6.8% to €6.32 billion.
In other words, fewer properties were sold, but at higher prices. We update these figures on a quarterly basis.
In 2025, the average price per square metre of an apartment in Palma reached €3,791, slightly above the Mallorca average of €3,762 per m².
In the same year, the average purchase price of a house in Palma was approximately €693,000, while the average purchase price across all residential properties was around €386,000.
These figures are based on 5,040 notarised residential property transactions in Palma during 2025.
The municipality of Andratx, home to the harbour town of Port d'Andratx, records the highest property prices on the island, particularly in the market for houses. In 2025, the average purchase price of a house reached €2.64 million, 2.4 times the Mallorca average of €1.08 million and the highest figure of any municipality on the island. Calvià ranked second, with an average purchase price of €2.54 million.
The median purchase price of €1.21 million in Andratx highlights the strength of the premium market, where a relatively small number of high value transactions significantly increases the average.
For apartments, Andratx also ranks first, with an average price of €6,008 per m².
These figures are based on 318 notarised residential property transactions in the municipality of Andratx during 2025, 92 of which were houses.
The analysis covers the period from January 2024 to June 2026 and is updated quarterly. The most recent quarterly data is available exclusively in the free report.
42.2% of property buyers in Mallorca come from abroad. By far the largest group are German buyers, who account for 48.6% of all foreign buyers, followed by British buyers (9.6%) and Swedish and Italian buyers (5.1% each).
The buyer data covers the period from January 2024 to March 2026.