Buying a House in Mallorca - Townhouses for Sale

The largest of the Balearic Islands, 220km off the eastern coast of Spain, has seen a spectacular transformation in the past decade, from being an island largely associated with bucket-and-spade holiday resorts such as Magaluf to now being an upmarket destination much favoured among Hollywood stars and one of the most exclusive places in Spain to own property.

In Mallorca the average property price is 750,000 euros. This can, however be very misleading since the very highly priced luxury homes tend to distort the average.

Depending on the area, you can buy an small house for 250,000 euros or go as far as several millions in the most sought after districts for a grand home. Though it should be remembered that, unlike in Barcelona or the Costa del Sol where most people live in apartments, most house-hunters in Mallorca want larger, often detached and rural properties.

Resale prices in Mallorca rose by 18% in 2006. Prices inland are significantly lower than around the coast and more people are heading to towns such as Santa Maria on affordability grounds.

Majorca Area
Select... S/East North S/West Palma South Center South Any Price
Minimum Price         Any € 50.000 € 100.000 € 200.000 € 300.000 € 400.000 € 500.000 € 600.000 € 700.000 € 900.000 € 1.000.000
Maximum Price        Unlimited € 100.000 € 200.000 € 300.000 € 400.000 € 500.000 € 600.000 € 700.000 € 900.000 € 1.000.000

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