Homes for sale in Mallorca

About Mallorca

Mallorca: Spain's prime Mediterranean market Mallorca, the largest of the Balearic Islands, has established itself as one of Europe's most sought-after residential markets. The island combines an international airport (Palma, PMI) with direct flights to Europe's main cities, a capital with year-round cultural and dining life, more than 260 beaches and coves, and the UNESCO-listed Serra de Tramuntana as a backdrop. Our Mallorca inventory is concentrated in the southwest of the island , in the municipalities of Calvià and Andratx: the corridor with the strongest liquidity and international demand in the Mallorcan market. Where the properties are: the southwest, zone by zone Bendinat and Costa d'en Blanes Established residential enclaves 10–15 minutes from Palma, set around the Real Golf de Bendinat. Villas with bay views, quiet streets and quick access to both the capital and the marinas. This is the "classic" zone of Mallorcan luxury: buyers who want to be close to everything without giving up privacy buy here. Portals Nous and Puerto Portals Puerto Portals is the island's flagship marina — yachts, restaurants and high-end shopping. Portals Nous, on the hillside, offers villas and apartments with sea views within walking distance of the port. Constant demand, very limited supply. Santa Ponsa A wide bay, three golf courses (including Golf Santa Ponsa I, host of international tournaments) and an established international community. It blends large villas in enclaves such as Nova Santa Ponsa with a beach town that keeps its services open all year. A good balance of plot size, quality and distance to Palma (~20 min). Port Adriano and El Toro A modern marina designed by Philippe Starck, with berths for superyachts. The surrounding enclaves (El Toro, Nova Santa Ponsa) feature contemporary villas facing the sea and the sunset. This is the newest hub of southwest luxury. Port d'Andratx and Cala Llamp A natural harbour on the island's southwestern tip, backed by the Serra de Tramuntana. Villas rise in an amphitheatre over the water, with the island's most coveted sunsets. Supply is structurally scarce: the land is hillside, permits are slow and the municipality protects the landscape. Cala Llamp, on the harbour's southern shore, concentrates front-line villas above the water. The available inventory The properties published on this page are villas with 2 to 6 bedrooms and roughly 400 to 1,040 m² built , in Bendinat, Costa d'en Blanes, Portals Nous, Puerto Portals, Santa Ponsa, Port Adriano, Port d'Andratx and Cala Llamp — priced between US$9.5 and US$17 million (approx. €9–16 million). These are top-segment properties: pools, mature gardens, sea views and international-grade finishes. Investment analysis Structural scarcity Southwest Mallorca has virtually no new developable land: Calvià and Andratx cap building heights, protect hillsides and grant permits slowly. New supply is residual, and quality product changes hands at small discounts even in weak cycles. That scarcity is the zone's main long-term value driver. International demand Demand is international and diversified, with a growing share of buyers from outside Europe. The island's prime market has a track record of resilience: in Spain's market corrections, the Mallorcan southwest fell less and recovered first. Rentals: do not count on automatic holiday income The Balearics heavily restrict tourist rentals: the issuance of new licences (ETV) is suspended or tightly limited across most of the island, and Palma bans tourist rentals in multi-family buildings. Villas that already hold an ETV licence trade at a premium. If you are buying with short-term income in mind, verify the licence before buying — and if you are buying for your own use, treat any rental income as a bonus, not as the thesis. How buying works for foreigners There are no nationality restrictions on buying property in Spain. The typical process: obtaining the NIE (foreigner identification number), opening a Spanish bank account, reservation, arras contract (deposit, usually 10%), public deed before a notary and registration at the Land Registry. With a power of attorney, the entire process can be completed remotely. Acquisition costs (resale property) Balearic transfer tax (ITP) — progressive : 8% up to €400k, rising in brackets to 13% on the portion above €2 million . On an €8.5M villa, total ITP is around €1.05 million — budget ~12% in tax alone. New builds: 10% VAT + stamp duty (AJD) instead of ITP. Notary, registry and legal fees: typically another 1.5–2%. Recurring taxes and residency IBI (annual municipal property tax). IRNR : non-residents pay an annual tax on the property's imputed income (19% for EU/EEA residents, 24% for others), even if they never rent it out. Wealth tax : in force in the Balearics for large estates; exempt thresholds and rates have changed in recent years — confirm the current figures with an adviser before structuring the purchase. The Golden Visa is over. Spain abolished the property-investment residency visa in April 2025 — buying real estate no longer grants residency. Non-EU citizens are subject to the Schengen 90/180-day rule unless they obtain another visa (non-lucrative residence, digital nomad, etc.). Points to watch Very high entry ticket. The inventory on this page starts at ~US$9.5 million (≈ €9 million); southwest Mallorca commands some of the most expensive square metres in Spain. This is not a bargain market — you pay for scarcity. Luxury transfer tax up to 13%. Add ~12% acquisition costs on top of the price; entry and exit maths must account for this fiscal friction. Tourist rentals heavily restricted. New ETV licences suspended/limited; without an existing licence there is no legal short-term income. Verify before buying. Real seasonality. From November to March many restaurants and services in the marina areas close or reduce hours; the island switches on from April to October. Villa running costs. Pool, gardens, home automation and salt-air exposure on front lines demand permanent upkeep — budget roughly 1–2% of the property value per year. Tourism and regulatory pressure. July and August bring traffic on the Palma–Andratx corridor and crowded hotspots; the public debate on tourism limits is active in the Balearics and may produce new rules (as already happened with holiday rentals). Wealth tax on large estates held in Spain — prior tax planning is indispensable in this segment. None of these points disqualifies Mallorca: they are the characteristics of a mature, prime island market. They belong in the calculation — not in the veto. Who it makes sense for — and who it doesn't It makes sense for buyers seeking a holiday or primary residence in the Mediterranean's top segment, who value structural scarcity and a long-term horizon, and want an island with capital-city infrastructure (flights, private healthcare, international schools, marinas). It makes less sense for buyers chasing short-term rental yield (ETV restrictions), an entry ticket below several million euros, or who intended to use the property as a route to European residency (the Golden Visa is gone). Due diligence checklist Start the NIE process early — it is a prerequisite for the deed. Independent lawyer (not the agency's) to review the nota simple , charges and debts. Check the first-occupancy licence and the legality of extensions — unregularised works are common in decades-old villas. If you plan to rent: confirm a valid, transferable ETV licence. Community/urbanisation fees and internal rules (some enclaves restrict works and rentals). Technical survey (structure, damp, pool, installations) — salt air punishes front-line homes. Currency and tax planning before the arras deposit. Mallorca vs the alternatives Against the Costa del Sol (our other Spanish hub), Mallorca is more expensive and scarcer: there, new supply starts around €390k; here, the game is prime island property. Against the Algarve/Quinta do Lago , Mallorca offers more urban life (Palma) and better flight connectivity, with heavier purchase taxation. Against Lisbon , it is a different product: resort villa vs city. In the €8M+ bracket, Mallorca's real competitors are the Côte d'Azur, Sardinia and the best addresses in the Hamptons — and in that league, Mallorcan pricing remains competitive. Final considerations Southwest Mallorca is a scarcity market: little land, slow permits, permanent international demand. Buy well — with rigorous due diligence, planned taxation and realistic rental expectations — and you acquire a rare asset in one of the Mediterranean's most established addresses. Our team supports the entire process, from selection to deed.