Apartments in Mallorca, Spain
Spain-Real.Estate offers a hand-picked selection of flats for sale in Mallorca or Majorca, the Balearic Islands. Known as the largest island of the Balearic Archipelago and one the top visited destinations in the country, Mallorca is a perfect spot to enjoy the authentic comfortable island lifestyle all year round.
With over 300 sunny days, 550 kilometres of coastline with breathtaking coves and pristine beaches, fascinating fishing and mountain villages, vineyards and olive groves, mouthwatering local cuisine with plenty of fresh seafood and cultural landmarks, the island has everything you are looking for whether you prefer traditional countryside lifestyle or beaches and vibrant nightlife.
Apartments for sale in Mallorca, the Balearic Islands
When it comes to real estate, Mallorca offers a great variety of apartment deals, from studio units to upmarket penthouses in low-rise beachfront projects with unique design. Flats for sale in Mallorca are particularly popular with foreign property buyers and expats. Over 20% of the island’s population are expats. The largest percentage of expats are nationals of the UK. This is the place where you can easily find specialist services in English, for instance English-speaking doctors.
Mallorca features the third largest international airport in Spain with direct flights throughout Europe. Easy access to the island and cheap tickets make Mallorca a popular destination for buying a second home.
Palma de Mallorca, Santa Ponsa and Pollensa / Pollença are the places in Majorca with the most apartments/flats to choose from. Some of the cheapest areas in Majorca for apartments/flats are Calas de Mallorca, Sa Pobla and Santa Margalida. Some of the most upmarket and luxurious apartments/ flats in Majorca can be found in Palma de Mallorca, Santa Ponsa and Genova.
Apartment prices in Mallorca
The Balearic Islands including Mallorca have experienced an increase in property prices in 2020 and 2021. The growth rate turned out to be the highest in the country and reached about 5.5%. The increase in prices was caused by the increased demand. The archipelago heads the list of the regions with the highest home sales.
The average price by square metre for Mallorca is €4,728 while the average price for properties is €1,248,284. The areas with the lowest prices in Mallorca are Inca and Ses Salines, with an average price of €234,036 and €290,167, respectively.
Apartments for investment in Mallorca
Investing in a flat in Mallorca is a wise decision. The island is the most popular Balearic Island for expats and holidaymakers. This is one of the very few places in Spain where home sales as well as property prices (by 4.4%) and rent rates have been growing considerably over the last year here. According to property experts this is a perfect destination if you are looking for high rental yields all year round. Besides, owning a second home on this charming island will be a great investment in terms of enhancing quality of life.
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