Estate Agency in Mallorca

The Mallorca Property Market Needs Local Knowledge

Balearic Properties has been operating as a luxury estate agency in Mallorca since 2000. In association with Savills, one of the world's leading real estate advisors, we combine on-the-ground island expertise with a global network that very few agencies here can match. Our portfolio covers the entire island: from the established luxury corridors of the southwest to the quieter, more sought-after villages of the north.

If you are looking to buy or sell a property in Mallorca, you will find that the quality of your estate agent matters more than almost anything else.

What Good Estate Agents in Mallorca Actually Do

A lot of agencies list properties and wait. We work differently. Our team is active across the island every day, following the market closely enough to know when a well-priced property in Pollensa will sell in a week, or when a vendor in Puerto Andratx is ready to negotiate on a price that has been sitting too high.

We also know which properties never reach the public market. A meaningful share of the best luxury homes in Mallorca change hands discreetly, without any public listing. Our clients get access to those opportunities through our Private Office, before anyone else sees them.

What this requires, and what good estate agents in Mallorca should always provide, is genuine local knowledge, clear honest advice, and the contacts to make a transaction work smoothly from first viewing to notary.

Areas We Cover

We work across the whole island. The areas below represent where our clients buy most often, though we handle transactions in locations you will not find on most agencies' radar.

Southwest Mallorca

Puerto Andratx, Andratx, Santa Ponsa, Puerto Portals and the surrounding area. This remains the most established luxury corridor on the island, built around a working marina and well-connected to Palma Airport. Prices for villas with sea views here typically start above €3 million, with the upper end reaching well beyond €20 million for prime frontline positions.

Palma and Surroundings

Palma, Palma Old Town, Santa Catalina, Portixol, Son Vida and Genova. Palma has become a genuinely cosmopolitan city. Demand for well-located apartments in the Old Town and for villas with sea views in Son Vida has grown consistently over the past five years.

North Mallorca

Pollensa, Puerto Pollensa, Alcudia and Alcanada. The north attracts buyers who want more space, more privacy and access to some of the island's most spectacular coastline. Properties here tend to offer better value per square metre than the southwest, and demand among British and Scandinavian buyers has been particularly strong.

West Mallorca

Deia, Soller, Puerto de Soller and Valldemossa. These villages in the Serra de Tramuntana, a UNESCO World Heritage mountain range, attract buyers looking for something private and genuinely unique. Supply here is very limited, and properties rarely come to market more than once in a decade.

Southeast Mallorca

Santanyí, Cala d'Or, Felanitx and the surrounding area. The southeast offers some of the island's finest beaches alongside a slower, more authentic pace. It also represents some of the best value currently available in the Mallorcan luxury market.

Buying Property in Mallorca: The Process

Buying property in Mallorca as an international buyer is straightforward, but there are several steps that catch people off guard without proper guidance.

• NIE number: You will need a Spanish NIE (tax identification number for non-residents) before signing any purchase contract. Our team can point you to the right local specialists to obtain this before you travel.
• Local bank account: Required for the transfer of funds at completion. This can be opened remotely in most cases.
• Transfer tax and purchase costs: Budget between 10% and 12% on top of the purchase price. This covers ITP transfer tax (currently 8% to 11% on a sliding scale by value), notary fees, land registry fees and legal costs.
• Independent lawyer: We strongly recommend using a local lawyer independent of the agency. They carry out due diligence on the property, check for outstanding debts or planning irregularities, and ensure the contract protects you. We work alongside trusted specialists in Mallorcan property law.
• Timeline: From accepted offer to notary, the typical process takes between 6 and 12 weeks.

For a comprehensive overview of taxes and costs, the Govern de les Illes Balears publishes official guidance on property taxes in the Balearics.

We also publish a detailed Mallorca buyer's guide for UK nationals, covering everything from mortgage options to post-Brexit ownership rules.

Why Mallorca's Property Market Remains Strong

Mallorca is one of the few European island markets where luxury property values have held firm through periods when other markets have softened. The reasons are structural: supply of high-quality homes in prime locations is genuinely limited, and international demand has not let up.

Prices in 2025 reflect this. According to market data, average prices across Mallorca reached close to €5,000/m² by mid-2025, up from around €2,000/m² a decade ago. In Palma, values were tracking above €5,400/m² in spring 2025. Prime areas like Son Vida, Deia and Puerto Andratx sit well above these averages.

For buyers, the question is less about whether values will hold and more about finding the right property at the right point in its cycle. That is where having an estate agency with 25 years of Mallorcan market history makes a practical difference.

We also cover properties in Ibiza, where the dynamics are similar: limited supply, strong international interest and a lifestyle that continues to attract serious buyers.

Why Balearic Properties

• 25 years on the island, with a team that has seen multiple market cycles and knows which areas have genuinely outperformed.
• Association with Savills, giving our clients access to one of the world's most respected real estate networks and international buyer reach.
• 490+ active listings, including a Private Office of off-market properties not publicly advertised.
• Multilingual team covering English, German and Spanish, with experience working with buyers from the UK, Germany, Switzerland, Scandinavia and beyond.
• Full transaction support, from initial search through to legal completion and beyond, including rental management and property sales.

Frequently Asked Questions

What does an estate agency in Mallorca do that a property portal does not?

A property portal shows you what is publicly listed. An estate agency with genuine market presence gives you access to properties that never reach any portal, advises on realistic pricing and negotiation, guides you through the legal and financial process, and coordinates between lawyers, notaries and vendors. In Mallorca's luxury market, a significant share of the most interesting transactions happen off-market entirely.

Can non-EU nationals buy property in Mallorca?

Yes. There are no nationality restrictions on property ownership in Spain. Non-EU buyers, including those from the UK, USA, Switzerland and beyond, follow the same legal process as EU nationals. The key requirements are a Spanish NIE number and a local bank account. Our team can guide you through both.

What are the total purchase costs when buying in Mallorca?

Budget between 10% and 12% on top of the purchase price. The largest element is ITP transfer tax, which currently runs on a sliding scale from 8% to 11% depending on the value of the property. On top of that, you have notary fees, land registry fees and legal costs. We provide a full cost breakdown for any property you are seriously considering.

Do I need a lawyer when buying property in Mallorca?

It is strongly recommended, and for good reason. A local property lawyer carries out due diligence on the title, checks for outstanding debts or undeclared works, and ensures the contract protects your interests. We work alongside independent, specialist lawyers and can make introductions on request. Your lawyer should be independent of your estate agent.

What is the difference between a standard listing and the Private Office?

The Private Office holds properties whose vendors have asked for a discreet, non-public sale. These do not appear on our website or on any portal. Access is available to registered clients who have spoken with our team and confirmed their requirements. Many of the most interesting luxury homes in Mallorca change hands this way.

How long does buying property in Mallorca take?

From accepted offer to completion at the notary, the typical timeline is between 6 and 12 weeks. This depends on the complexity of the transaction, whether a mortgage is involved, and how quickly due diligence can be completed. Cash purchases with no complications can move faster. We will give you a realistic timeline for any specific property once an offer is under discussion.

Does Balearic Properties work with buyers from the UK after Brexit?

Yes. UK nationals can still buy property in Mallorca without restriction. The main change post-Brexit is that UK buyers are now treated as non-EU nationals for the purposes of residency, but ownership rights are unaffected. We work regularly with British buyers and can connect you with legal advisors who specialise in cross-border UK-Spain transactions. Our UK buyer's guide covers the key points in detail.