Currently available new build properties and new build developments in Mallorca

Selected new-build properties on Mallorca

Every year, many people fall under the spell of Mallorca. Each region of the sunny island has its very own charm. There are spectacular landscapes and rocky coastlines, white sandy beaches and crystal-clear waters, quaint fishing villages and lively holiday resorts, authenticity and luxury.

But all regions also have something in common: they welcome visitors and residents with a pleasant Mediterranean climate and almost 300 days of sunshine a year, the typical southern hospitality, Mediterranean flair and a high quality of life.

New build properties for sale in Mallorca are also in high demand. While some would like to settle on the island themselves, others see investing in an apartment or house as a profitable capital investment.

Fantastic view and location - to suit your own wishes

Unrivalled even for new build properties on Mallorca, a dream view of the vastness and the magnificent blue of the Mediterranean. Bays, harbours and coastal landscapes. For water lovers, there could hardly be anything more beautiful.

But the view of the magnificent landscape or the island's mountain panorama also has its charm. A suitable new build project for those who want to live in and with nature.

Thanks to the lively activity in the new build sector in recent years, the choice of properties is very diverse. Even in favoured locations in the various regions.

But not only there, but everywhere on this beautiful island there are enchanting and unique spots that welcome you to experience the island feeling. Because any place can become an exclusive location if the heart beats for it.

What are the advantages of a new build property?

There are many reasons that make such a property attractive to buy.

• Modern design.
• High quality, comfort and security.
• Highest energy standards.
• State-of-the-art technology.
• Right to have a say in the design (depending on the progress of the new-build project).
• No direct follow-up investment required for renovation or refurbishment.
• Guarantee from the time of purchase.

What new build projects are there on Mallorca?

You can find newly built apartments and penthouses, fincas and villas. Some have just been completed, others are still under construction or are just starting out.

Even if free plots are rare in some areas of the island, it is still possible to find building plots with a licence (and project) where future owners can help shape their dream home according to their own personal ideas.

But beware:
If you want to build a finca on a vacant plot, you may have to make some compromises. Very spacious plot? Yes. Five to six bedrooms or a spacious guest house? No. An amendment to the law "Decreto Ley 9/2020 de medidas urgentes de protección del territorio de las Illes Balears" by the island government in May 2020 brings with it some restrictions on house and pool sizes. To counteract the disproportionate oversizing of houses and conserve water resources.

For example, the constructed area has been reduced from 1,500 m³ to 900 m³. This maximum enclosed space applies to the main house, outbuildings and garages. In short, the sum of all buildings on the property.

Only 1 pool with a maximum surface area of 35 m² and a capacity of 60 m³ is permitted per property. A separate children's or guest pool is therefore a thing of the past.

Unless the law is changed again, many people will probably only be able to fulfil their dream of "lots of land and lots of house" with existing properties. As a result, it can be assumed that prices for legally built fincas in attractive locations will (continue to) rise.

Which new build property suits me and my dream home in Mallorca?

Apartment or penthouse – an uncomplicated domicile for short breaks, but also ideal for settling down completely on the sunny island. Modern complexes and Mediterranean residences entice with lovingly landscaped gardens, sun terraces and pool areas for communal use. Some even offer all the advantages of a star resort. Several bedrooms and bathrooms offer a high level of living comfort for singles and families alike. Some of the new build apartments also boast a private garden and/or pool, while penthouses often even have a roof terrace and panoramic views.

Finca – the charm of originality meets comfort. Historical elements meet luxury. If you are looking for a home nestled in nature and with plenty of space for living, you can fulfil this dream with a new build finca. Privacy, fantastic views, Mediterranean flair and usually a pool included.

Villa – if you want an exclusive home. Modern and designer villas, some even luxurious properties, are offered for sale as new build properties in Mallorca, both detached and in quiet or exclusive complexes. A large Mediterranean garden, tennis court, sports/wellness area, infinity pool and separate guest area? With a new build villa on Mallorca, you can create an oasis of well-being with everything your heart desires.

Of course, the purchase price also plays a role in the decision. For new builds, this also depends on various factors. In addition to the type of property and its size and features, the location also determines the investment to be made.

New build projects in exclusive coastal locations with sea views, close to the beach or even on the seafront with direct access are considerably more expensive than those in the hinterland or in the centre of the island.

Current development of prices for new-build properties in Mallorca until 2024

In September 2024, the average price per square metre for a new-build property in Mallorca is around 8,400 euros.

Compared to the previous year, newly built but already completed houses and villas in Mallorca have become slightly cheaper (approx. 2.5%). Existing apartments and houses and villas, on the other hand, have each become around 8% more expensive. The price of new-build apartments rose by around 1.5% in 2024.

How high is the price premium in 2024 for a new build property in Mallorca compared to an existing property?

Interesting developments can be observed in the prices of new-build properties in Mallorca, depending on the type of property. At the beginning of 2024, the price premium for newly built apartments is just under 30%. In the previous year, it was still around 36%. For newly built villas and houses, the price premium will be around 40% in 2024 compared to 56% in the previous year.

Find your unique new-build home in Mallorca

The respective budget is therefore a decisive factor as to what is possible where. However, if compromises are necessary, these should never be at the expense of quality. Sufficient time should also be taken when purchasing a new property. And you may find your dream home where you least expected it.

After all, the Mediterranean-inspired lifestyle can be enjoyed anywhere on the island. Once you have found the right home.

Our specialists will be happy to guide you so that your search finally comes to a successful end.

Overview of our new build properties:

New build villa Mallorca
New build apartment Mallorca
New build finca Mallorca