Real Estate & Living in Mallorca
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The Mallorca real estate market remains a seller's market in 2026 — median price per square metre in the south-west prime areas (Andratx, Calvià, Bendinat) and the north (Pollença, Port d'Andratx) sits at 7,000–14,000 EUR, in the island centre (Llucmajor, Algaida, Sineu) at 2,500–4,500 EUR. Anyone buying, selling, managing or renting here needs a bilingual specialist agency: contract details, tax structures and holiday let licence rules are complex and change frequently.
The sector covers six sub-categories: estate agents (sale, long-term rental), property management (community management under LPH, single-property management), holiday rental agencies (ETV licence, booking management, on-island concierge), architects (new build, renovation, existing-stock planning), interior designers (interior, furniture, lighting) and developers (project development, new-build marketing).
Mallorca-specific points: on purchase, ITP (transfer tax) applies in tiers of 8–13% by price (Balearic Islands, 2026 status). Rental is only legal with an ETV licence — apartment licences in Palma, Sóller, Andratx and many northern municipalities have been frozen for years; rural-land fincas still see quota releases. Owners associations (Comunidades de Propietarios) are governed by the Ley de Propiedad Horizontal — annual general meeting, quorum and majorities defined. The Cédula de Habitabilidad is the precondition for water, power and rental contracts and renews every ten years.
The sub-categories are linked below. Buyers should approach two to three agents in parallel — exclusive mandates are uncommon on Mallorca. ETV hosts should book agency and concierge before the season; owners associations typically replace their administrator at the spring general meeting.