Luxury apartments for sale in Mallorca (island)

Buying an apartment in Mallorca is one of the most straightforward decisions in European luxury real estate. The island has 1,120 apartments listed at any given time, yet supply rarely keeps up with demand. The reason is simple: Mallorca works as a year-round market, not just a summer one. Buyers from Germany, the UK, Scandinavia and France have been acquiring properties here for decades, and they know the island well. Puerto Portals, Puerto Andratx, the historic centre of Palma, Alcúdia and Puerto Pollensa each attract a distinct buyer profile, which keeps the market segmented and resilient. Sóller and its port have also emerged as a serious option for those who want a quieter pace without giving up on quality.

How much does an apartment cost in Mallorca

Prices range from €359,000 for inland properties or units requiring renovation, up to €7,500,000 for front-line sea-view apartments in premium locations like Puerto Portals or the Old Town of Palma. The average sits at €1,009,449. Apartment sizes go from 1 to 1603 sqm, averaging 149 sqm, with between 1 and 10 bedrooms. A private terrace with sea views adds a significant premium. So does underground parking, a pool in the building and proximity to a marina. Apartments in the historic palaces of Palma's La Lonja district follow a different pricing logic entirely: stone arches, original timber beams and internal courtyards command prices that reflect rarity, not just square footage. Short-term rental yields remain a strong driver of demand, with high occupancy from late spring through early autumn.

Where to buy an apartment in Mallorca

Palma offers the widest range of apartment types on the island. The Santa Catalina neighbourhood has seen consistent price growth over the past decade, driven by a mix of local buyers and international residents attracted by its restaurants and market. La Lonja is the historic core, with apartments in landmark buildings that rarely come to market. West of Palma, the strip from Portals Nous to Puerto Andratx is where high-end residential complexes face directly onto the sea. Puerto Portals is the most visible address here, with apartments above the marina, concierge service and a level of finish that matches anywhere in the Mediterranean. On the north coast, Puerto Pollensa is quieter and more laid-back, with a British and German buyer community that has been present for generations. Ma the value story right now is in Sóller: apartments in traditional stone buildings at prices that still make sense for buyers who do their homework.