Buying Property inAlaro

Alaro Property Prices in 2026

Average Price per m² in Alaro

Based on asking prices on real estate portals, updated in September 2026, houses in Alaro average €4,276/m² and apartments €3,228/m². Idealista data reported by Última Hora in August 2025 put the average at €4,377/m². The sources differ in method and date, so read them as a range rather than an exact figure.

Price by Property Type

Houses are priced higher per m² than apartments in the figures above, but a per-m² average hides a wide spread: land size, views, condition and the legal status of the buildings often weigh more than built area. As a guide, these are examples from our current Alaro listings (October 2026):

• Plots: from €360,000 for building plots on the outskirts of the village.
• Restored townhouses: for example €1,850,000 for a 280 m² restored townhouse in the village. Other townhouses are priced on request.
• Fincas and country houses: from €1,490,000 for an old finca to reform, up to €9,950,000 for a contemporary finca with pool and mountain views.

Listings change, so check the current prices for our houses, villas, country homes, apartments and plots in Alaro.

Market Trends

Asking prices have been rising. Asking prices on real estate portals are up 11.23% for houses (from €3,844/m² in 2025) and 8.82% for apartments over the last 12 months, and Idealista reported +10.1% year on year in August 2025. These are asking prices, not final sale prices, and past increases are no guarantee of future ones.

Property Types Available

Fincas and Country Houses

Converted farmhouses and country homes on rural land, often with mountain views, are a large part of Alaro's appeal. Check the legal status of every building, pool and extension before you commit.

Villas and Detached Houses

Country villas and newly built fincas, often with a pool and mountain views, on larger plots outside the village. Confirm the licences and the legal status of the buildings, as with any rural property.

Townhouses

Townhouses in the village centre, many of them restored, put you within walking distance of the main square, restaurants and cafés.

Apartments

Apartments average a lower price per m² than houses, which makes them an option for a lower entry point.

Plots

Building plots appear on the outskirts of the village. Before buying, confirm what can legally be built: land classification, plot size and the licences required.

Renovation Projects

Old fincas and village houses that need reform are part of the market, including an old finca in the Serra de Tramuntana in our current listings. Renovation costs and permissions vary, so confirm what can be reformed or extended before you buy.

Best Areas and Micro-Locations to Buy

• Casco Antiguo (old town): the original village core, built around the church. Properties with traditional features, outdoor space and views are the most sought after by foreign buyers.
• Los Damunt: in the north of the village, where the houses meet the mountains. Connected to the centre by three roads, with its own car park and a small square, Cabrit i Bassa. Popular with international buyers, with mountain views.
• Carrer Pujol: a road that runs over the top of the village towards Orient, favoured by buyers after panoramic views across Mallorca. Expect a steep walk to the centre, so a garage or nearby parking is worth prioritising.
• Lower Alaro: below the old town, where most of the newer buildings and apartment blocks are. Less character than the old town, but a more accessible entry point, with steady demand from renters and first-time buyers.
• Alaro countryside: country properties surround the village in every direction: fincas, land and privacy. Many fall under rustic-land planning rules, so check what can be built, extended or renovated before you buy.

Prices vary significantly between zones, from apartments in Lower Alaro to traditional townhouses in the old town and larger country estates on the outskirts, so check exact pricing against current listings. For more on each zone, see our property for sale in Alaro page.

Buying Process in Mallorca

The general purchase process is the same as elsewhere in Mallorca, but buyers of rural properties around Alaro should pay particular attention to planning status, existing buildings, pools, extensions and access.

Legal Steps

1. Obtain your NIE (Spanish foreigner identification number).
2. Appoint an independent lawyer to check ownership, charges, licences and the legal status of the buildings.
3. Sign a reservation agreement and pay the reservation deposit.
4. Sign the private purchase contract and pay the agreed deposit.
5. Sign the deed before a notary, pay the balance and register the property in the Land Registry.

Taxes and Fees

On a resale property you pay the ITP transfer tax, which is set by the Balearic Islands. On a new build you pay VAT and stamp duty (AJD) instead. Add notary, Land Registry and legal fees. Ask your lawyer for a full breakdown before making an offer.

Financing

Non-residents can obtain a Spanish mortgage, but they usually borrow a smaller share of the price than residents. Arrange a pre-approval before you start viewing.

Timeline

Allow a few months from reservation to completion. It can take longer if there are legal issues to resolve, such as a building that is not correctly registered.

Investment Potential

Rental Yields and Tourist Licence

We do not quote a rental yield for Alaro because we have no reliable public figure to stand behind, and yields depend on each property. Long-term and holiday rental follow different rules. Holiday letting requires a tourist rental licence (ETV), and whether one is available depends on the property and its zoning. Check this before buying with rental income in mind.

Resale Value Drivers

Factors that typically support resale value are the setting in the Tramuntana foothills, views, location, outdoor space, the condition of the property or its renovation potential, the correct legal status of the buildings and access to Palma.

Things to Know Before Buying

• Urban or rural: the land classification decides what you can build, extend or renovate. Village townhouses and rural fincas are subject to very different rules.
• Rural land rules: building, extensions and pools on rural land are restricted. Check that licences exist and that what is built matches the registry.
• Water and utilities: some rural properties rely on tanks, wells or septic systems. Ask what supplies the property.
• Access: check the road to the property, especially for fincas in the foothills.
• Running costs: larger fincas with pools and gardens cost more to maintain than a village townhouse.
• Protected areas: properties in or near the Serra de Tramuntana can be subject to additional planning and landscape protection. Ask your lawyer to check before you commit.
• Renovation permissions: older properties often need licences for reforms, pools or extensions. Check what is already approved and what is not.

FAQs

Do I need an NIE to buy property in Alaro?

Yes. Foreign buyers need an NIE for the purchase, for paying taxes and for setting up utilities. Your lawyer can apply for it on your behalf.

What taxes do I pay when buying?

ITP transfer tax on resale properties, or VAT and AJD on new builds, plus notary, Land Registry and legal fees. The exact amount depends on the price and the property type.

Can I rent out a property in Alaro to holidaymakers?

Only with a tourist rental licence (ETV), and availability depends on the property and its zoning. Verify it before you buy.

Do property prices in Alaro go up?

Asking prices have risen over the last 12 months (see Market Trends above). That is not a guarantee for the future.

Can I live in Alaro all year?

Yes. Alaro is a year-round village with restaurants, cafés and public facilities, not a seasonal resort. For rural properties, check access and heating before you buy.

Is Alaro a good place to invest?

It depends on the property, the legal status of the buildings and whether rental use is possible. Prices have risen, but you should weigh the total purchase costs and speak to an adviser before deciding.

Sources: asking prices on real estate portals for Alaró, updated September 2026; Idealista data reported by Última Hora, August 2025.

Properties for Sale

Browse our current listings in Alaro. See properties for sale