Mallorca property for sale represents the highest-value entry point in the Balearic Islands, with Palma's old town, Son Vida, and the southwest coast (Andratx, Port d'Andratx, Bendinat) anchoring the premium end. Across the three islands, non-residents account for roughly 30% of all transactions. Mallorca delivers 4–5% gross long-term rental yields anchored by a deep year-round German and British buyer base; Ibiza commands 8–12% gross on short-term holiday lets where ETV (Estancias Turísticas en Viviendas) licences are valid; Menorca sits in between, with stronger second-home demand than rental yield. Note: the Balearic Decreto Ley 4/2025 (April 2025) closed new ETV licences for apartments in multi-family buildings across the islands; single-family homes and primary residences remain eligible. We confirm a property's licence status before you buy.
Why buy here
- Mallorca: most searched property market in Spain
- Ibiza: global lifestyle brand, ultra-high net worth buyers
- Menorca: UNESCO Biosphere Reserve, limited supply drives values
- Year-round international flight connectivity
- Strong legal framework for foreign ownership
- Mature, transparent market with deep international buyer demand
Lifestyle
Mallorca ranges from the chic Port de Pollença and Palma's old town galleries to rural fincas in the Tramuntana mountains. Ibiza's west coast (San José, Santa Gertrudis) attracts creative and tech industry buyers seeking privacy.
Investment outlook
Mallorca gross yields: 4–5% (lower due to high capital values). Ibiza short-term rental yields: 8–12% (with a valid ETV licence). New ETV licences for apartments are now closed (Decreto Ley 4/2025); existing licences continue. Capital appreciation: 10–15% in prime Mallorca zones (2022–2024).
Work out the purchase costs in Balearic Islands
Frequently asked questions
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No legal restrictions on foreign ownership. For rentals, the Decreto Ley 4/2025 (April 2025) closed new ETV licences for apartments in multi-family buildings, so a holiday-let strategy now means buying a single-family home, a property that already holds a valid licence, or using the primary-residence modality. We confirm licence status before you buy.
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Yes. Prices are 30–40% lower than comparable Mallorca locations, but supply is very limited and values have risen sharply. Act quickly when a good property appears.
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