Apartments for sale in Mallorca

Mallorca's apartment market offers one of the most varied and attractive buying opportunities in the Mediterranean. From seafront studios and contemporary city flats to luxury penthouses with panoramic sea views, the island has a strong and diverse range of properties to suit different lifestyles, budgets and investment goals.

At Balearic Properties, we help local and international buyers find the right apartment across all of Mallorca's most desirable locations, from Palma Old Town and Portixol to Puerto Pollensa, Puerto Andratx and the north of the island.

Types of apartments for sale in Mallorca

The Mallorcan apartment market covers a wide spectrum of property types. Whether you are looking for a lock-up-and-leave holiday home, a permanent residence or a long-term investment, there is a property type to match your needs.

Luxury apartments for sale in Mallorca

Luxury apartments in Mallorca are found across the island, from residential complexes in coastal resorts to exclusive buildings in Palma city centre. Many feature shared gardens, community swimming pools and underground parking. Living in a well-managed residential community offers a low-maintenance lifestyle, with property management included in community fees. View our quality apartments in Mallorca.

Frontline apartments for sale in Mallorca

Frontline apartments are among the most sought-after properties on the island. Living directly on the coast allows you to enjoy the Mediterranean sea all year round, with morning swims, coastal walks and beach access from your front door. Frontline properties and frontline apartments for sale in Mallorca also represent a strong rental investment, with high demand throughout the year.

Frontline Apartment in Puerto Pollensa

Sea view apartments for sale in Mallorca

Not all sea view apartments need to be on the waterfront to offer spectacular views. Hillside and elevated apartments in coastal areas such as Puerto Andratx offer panoramic sea views from generous terraces, combining privacy with proximity to luxury marinas, seafront restaurants and easy motorway access to Palma city centre in under 30 minutes. Browse our selection of sea view apartments for sale in Mallorca.

Penthouses for sale in Mallorca

Penthouses in Mallorca offer some of the best living spaces on the island. Being on the top floor comes with significant advantages: uninterrupted views, large private terraces, rooftop gardens and, in many cases, private pools. Penthouses can be found in coastal resorts across the north and southwest of the island, as well as in Palma Old Town, where rooftop terraces offer views over the city's historic rooftops and beyond.

Penthouse apartment with pool and terrace for sale in Palma

Holiday apartments for sale in Mallorca

Buying a holiday apartment in Mallorca can be both a lifestyle choice and a sound financial decision. Many apartments come with tourism licences, allowing short-term rentals that generate income when you are not on the island. Apartments with rental licences in Mallorca are particularly common in northern resort areas, making them a popular choice for investors looking for passive income with personal use flexibility.

Designer and contemporary apartments

For buyers looking for something more modern, Mallorca has a growing selection of newly built and recently renovated designer apartments. These properties often feature open-plan layouts, floor-to-ceiling windows, high-end finishes and private terraces. Many are located close to marinas, golf courses and beach areas, catering to buyers who want a contemporary lifestyle in a prime setting.

Where to buy an apartment in Mallorca

Choosing the right location is just as important as choosing the right property. Mallorca offers very different environments depending on whether you want city living, coastal resort life, a quiet village setting or easy access to the airport. Below are the most popular areas among international apartment buyers.

Apartments for sale in Palma de Mallorca

Palma is the island's capital and one of the most popular cities in the Mediterranean for international buyers. The city offers everything from historic apartments in the Old Town and stylish waterfront homes in Portixol to modern apartments close to the marina and seafront promenade. Palma is a year-round city with strong rental demand, excellent infrastructure and outstanding lifestyle appeal.

Apartments for sale in Puerto Pollensa

Puerto Pollensa is one of the most sought-after locations in the north of Mallorca, popular with families, couples and long-term residents. The town has a relaxed, authentic atmosphere, with a long seafront promenade, excellent restaurants and easy access to some of the island's most beautiful beaches. Browse apartments for sale in Pollensa.

Apartments for sale in Alcudia

Alcudia combines a well-preserved medieval old town with an extensive sandy beach and a strong residential community. It is a popular choice for buyers looking for a holiday apartment with rental potential and a family-friendly coastal lifestyle. Browse apartments for sale in Alcudia.

Apartments for sale in Puerto Andratx

Puerto Andratx is one of Mallorca's most prestigious coastal destinations, known for its luxury marina, dramatic scenery and exclusive residential atmosphere. Sea view apartments and penthouses here attract high-end international buyers looking for a prime address in the southwest of the island. Browse properties for sale in Puerto Andratx.

Apartments for sale in Portixol

Portixol is Palma's most fashionable coastal neighbourhood, offering seafront apartments, renovated townhouses and contemporary homes just minutes from the city centre. It is ideal for buyers who want a coastal lifestyle without giving up the convenience of Palma. Browse property for sale in Portixol.

Buying an apartment in Mallorca as an investment

Mallorca remains one of the most resilient property markets in Spain. Demand from international buyers continues to grow, supply in the most desirable areas remains limited, and the island's year-round appeal supports both lifestyle value and rental returns.

Key investment considerations when buying an apartment in Mallorca include location and proximity to the sea, the availability of a tourist rental licence, the quality of renovation and finishes, community management and fees, and the long-term development plans for the surrounding area.

Apartments with sea views, private terraces and tourist licences in prime coastal locations consistently attract the strongest rental demand and the most stable long-term values. Working with an experienced local agent is the best way to identify which properties offer the best combination of lifestyle quality and investment potential.

Mallorca Apartment Market: Key Figures for 2025

The numbers behind Mallorca's apartment market confirm its standing as one of the most attractive and resilient in the Mediterranean.

• €5,429/m² — average asking price for apartments in Palma as of April 2025 (source: Investropa), up from €4,860/m² in mid-2024, an annual increase of 11.7%, one of the strongest across all Spanish cities
• Palma Centre commands an average of €6,993/m², reflecting the sustained premium of the city's most desirable neighbourhoods (source: Indomio, April 2026)
• Terraces, sea views and private pools consistently add 20–30% above average values in penthouses and modern apartments, making outdoor space one of the strongest price drivers on the island
• Gross rental yields of 4.85% for long-term rentals in Palma, comparable to established urban markets such as London (4.3%, source: Zoopla, 2025), rising to 5–8% net for licensed short-term holiday lets in prime coastal locations
• Only 16% of apartments on the island are listed above €1.5 million, making the Mallorcan apartment market significantly more accessible than the villa segment, while still offering strong investment fundamentals
• Rental prices across the Balearics are forecast to grow by 10.3% in 2025, underpinning the income potential of well-located apartments with tourist licences

For investors, Mallorca's apartment market offers a compelling combination of stable capital growth, competitive rental yields and year-round lifestyle value, in a market where supply remains structurally constrained and international demand shows no sign of easing.

What to check before buying an apartment in Mallorca

Whether you are buying a resale apartment or a new-build, due diligence is essential. Key checks include:

• Legal status: Confirm the property is correctly registered and free of legal issues or debts.
• Tourist licence: If you plan to rent short-term, verify the licence is in place and transferable.
• Community fees: Review monthly costs, planned works and building maintenance obligations.
• Building condition: Check the structure, façade, installations, roof and communal areas.
• Outdoor space: Confirm the legal use of terraces, balconies and parking spaces.
• Energy certificate: Review the property's energy rating and potential upgrade costs.
• Renovation permissions: Verify whether future modifications require special approval.

Frequently Asked Questions about buying apartments in Mallorca

Is now a good time to buy an apartment in Mallorca?

Demand from international buyers remains strong and supply in the most desirable areas is limited. Property values in prime coastal locations have shown consistent growth over recent years, making Mallorca a stable and attractive market for both lifestyle buyers and investors.

What types of apartments are available in Mallorca?

Mallorca offers a wide range of apartment types, including frontline beach apartments, sea view apartments, luxury penthouses, designer new-build homes, holiday apartments with tourist licences, city flats in Palma and traditional properties in coastal villages.

Which is the best area to buy an apartment in Mallorca?

The best area depends on your priorities. Palma is ideal for city living, culture and year-round convenience. Puerto Pollensa and Alcudia are popular for family-friendly coastal resort life in the north. Puerto Andratx suits buyers looking for exclusivity and luxury in the southwest. Portixol offers a fashionable coastal lifestyle close to Palma city centre.

Can I rent out my apartment in Mallorca?

Yes, although the rules differ depending on the type of rental.

Short-term holiday rental requires a tourist licence, which in the Balearic Islands is subject to strict regulations and limited availability. Not all properties are eligible, and licences are not always transferable between owners. If rental income is part of your plan, always verify the licence status before purchasing.

Long-term rental (contracts of one year or more) does not require a tourist licence and is governed by Spain's Urban Leasing Law (LAU). This is a more straightforward option for owners who want a stable, passive income without the management demands of holiday letting.

Both options can be financially attractive depending on the location and type of property. Our team can advise you on which approach makes more sense for your specific situation.

How much does an apartment in Mallorca cost?

Prices vary significantly depending on location, property type, views, size and renovation quality. Entry-level apartments in less central areas can start from around €200,000, while frontline penthouses and luxury apartments in prime locations can exceed €2 million. Contact our team for current pricing in specific areas.

Do I need a NIE number to buy an apartment in Mallorca?

Yes. A NIE number (Número de Identidad de Extranjero) is required to buy any property in Spain. It is also needed to open a Spanish bank account and pay purchase taxes. You can apply through the Spanish Embassy in your home country or directly in Spain.

What are the purchase costs when buying an apartment in Mallorca?

Buyers should budget between 10% and 13% on top of the purchase price to cover Transfer Tax (ITP) or VAT for new builds, notary fees, Land Registry costs and legal fees. Always confirm the applicable tax rate with your legal adviser, as this can vary depending on the property type and purchase price.

Are apartments in Mallorca a good investment?

Mallorca's property market has shown consistent long-term resilience, particularly in coastal and urban locations with limited supply. Apartments with sea views, private terraces and tourist licences in well-connected areas tend to offer the strongest combination of rental income and capital growth potential.

Can foreigners buy apartments in Mallorca?

Yes. There are no restrictions on foreign nationals purchasing property in Spain. International buyers are required to obtain a NIE number, open a Spanish bank account and work with a local lawyer to complete the purchase process. It is also advisable to seek advice from a tax specialist familiar with both Spanish and your home country's regulations.

What is the difference between a frontline and a sea view apartment?

A frontline apartment is located directly on or immediately next to the sea or beach, offering the closest possible proximity to the water. A sea view apartment may be set further back or at a higher elevation but still offers clear views of the sea from the property. Both types are in high demand in Mallorca, but frontline properties are generally rarer and command higher prices.