Mallorca Property Market: What the Numbers Tell Us.

Beneath the headlines, Mallorca’s property market is becoming more nuanced. The latest Balearic property figures show a market that has moved beyond the extraordinary post-pandemic years. Sales have settled yet prices are still rising and the island continues to attract buyers from around the world.

The market here is not straight forward. Below we discuss the main points that indicate actual market performance that we use with our clients when helping them find and secure their property in Mallorca

A market finding its rhythm

The years following the pandemic were unusual. Pent-up demand, historically low mortgage rates and a renewed appetite for space, travel and luxury pushed property sales across the Balearics to levels not seen since before the financial crisis. By 2023, that pace had begun to ease.

Since then, annual sales have settled at around 15,500 transactions across the islands, close to the ten-year average and a more sustainable level than the peak of 2022.

In the first half of 2025, 7,913 homes were sold across the Balearics, an increase of 4% on the previous year. Mallorca accounted for around 77% of those transactions.

More recent figures for Q1 2026 show a slight year-on-year decline in sales, but an increase compared with the previous quarter.

Rather than suggesting a market in retreat, the figures point towards something more measured: a return to a normal rhythm after several exceptional years.

In many ways, a more settled environment is more desirable allows buyers and sellers to make decisions with a little more perspective. And that is something we are seeing on the ground: serious buyers taking their time, asking questions and making considered decisions rather than feeling pressured to act immediately.

Prices are still moving upwards

While sales volumes have normalised, prices have continued to rise.

Across the Balearics, average transaction prices increased by 10.3% year-on-year in Q1 2026, One of the strongest rates of growth in Spain.

But Mallorca is not one single property market.

In March 2026, average asking prices varied considerably between municipalities:

• Andratx: €9,699/m²

• Calvià: €7,039/m²

• Palma: €5,529/m²

• Pollença: €5,271/m²

• Manacor: €3,991/m²

  
  

These figures tell us something about the relative positioning of different areas, but they do not tell the whole story.

Location, architecture, condition, views and the practicalities of living in a property all influence its value. Understanding what makes a location distinctive, what kinds of properties are available and who they appeal to is just as important as looking at the numbers.

Pollença is a good example of this.

One municipality, very different markets

Although Pollença Old Town, Port de Pollença and Cala Sant Vicenç all belong to the same municipality, they offer quite different ways of living and attract interest in different types of property.

The appeal of a traditional townhouse in the historic centre is not necessarily the same as that of an finca in the countryside, an apartment in Port de Pollença, or a home close to the sea in the lesser known Cala Sant Vicenç area. Neither do they all attract the same buyer. Yet all three sit within the same municipal market statistics.

Pollença’s average asking price reached €5,271/m² in March 2026, with asking prices increasing by 7.3% between July 2025 and March 2026.

That is a stronger recent movement than Palma or Calvià over the same period.

Interestingly, the longer-term picture is different. Over approximately the past decade, Pollença’s asking-price index has risen less than those of Palma and Calvià.

It is an interesting combination: more moderate long-term growth followed by a stronger recent period.

The same principle applies elsewhere on the island. Sóller, for example, offers a very different

property landscape, from traditional townhouses and homes in the citrus-growing valley to properties around Port de Sóller and the Tramuntana foothills.

Each location has its own character, and its own reasons for attracting buyers. Broad market averages are useful for understanding direction, but rarely enough to understand an individual home.

The asking price is only part of the story

Another important factor is the gap between advertised prices and completed sales.

Across the Balearics, the average asking price in Q1 2026 was approximately €5,236/m². The average transaction price was closer to €4,173/m² — a difference of around 20%.

It is tempting to interpret this as evidence that buyers are routinely negotiating substantial discounts. In reality, the picture is more complicated.

The figures reflect a mixture of properties: some that may be overpriced or take longer to sell, others that are priced realistically and transact more quickly.

It is a market-wide comparison, not a universal discount. An asking price tells you what a seller hopes to achieve. A completed transaction gives you a better indication of what a buyer was prepared to pay.

Understanding the relationship between the two is often more useful than focusing on either figure in isolation.

International buyers remain part of the picture

Foreign nationals accounted for 29.6% of purchases across the Balearics over the twelve months to Q1 2026, representing more than 4,200 transactions.

German buyers remained the largest international group, accounting for 39.1% of foreign purchases in 2025. British buyers followed at 9.4%, with an increase in Italian and Swedish buyers also represented.

The international share has eased slightly from the exceptional levels seen in 2022 and 2023, but overseas demand remains an important part of the market.

For some, Mallorca offers a permanent move, a family base or a place to spend more time as life changes. For others, it is a holiday home; a discretionary purchase rather than an essential one.

That distinction adds another layer to an already multifaceted market.

When a purchase is driven by lifestyle as much as necessity, decisions can be influenced by different considerations: the appeal of a particular location, the amount of time a buyer expects to spend there, and how a property fits into the life they want to create.

It is one of the reasons Mallorca’s property market cannot be understood through local demand alone.

So, where does that leave the market?

The outlook suggested by the latest figures is one of continued price growth, but potentially at a more measured pace.

Population growth, international demand and limited housing supply continue to support the market. At the same time, mortgage costs, inflation and affordability are worth watching.

What seems clear is that Mallorca has moved beyond the urgency of the post-pandemic boom.

The market is still active. Prices are still rising. But the differences between locations, property types and individual homes matter more than ever.

Mallorca is not a market that can be understood through a single number, or even a single headline.

It is a collection of very different places, each with its own character, history and appeal.

From Pollença and its surrounding countryside to Sóller and the Tramuntana valleys, understanding the property market here means understanding those differences and looking beyond the numbers to the places and homes they represent.

If you would like to discuss the market in more detail and how we can help you navigate it towards your property purchase here in Mallorca we would love to talk to you.

Market data from the Balearic & Mallorca Property Market Review, H1 2025–Q1 2026, published 30 July 2026. Asking-price figures are based on listings data and should not be confused with achieved transaction prices. Market averages are indicative and do not represent valuations of individual properties.