Market moves, new laws, price data and new developments: what’s happening in Mallorca’s property market, explained.
8 articles
Two sets of figures for August 2026 point the same way. The INE, publishing on 26 October, counted 3.8% fewer registered home sales in the Balearics than a year earlier. Notaries’ figures reported on 29 October show sales down 17.8% and the average price down 4.9%, while the average price in Spain as a whole rose 12.8%.
The 2026 edition of the INE’s Urban Indicators, published on 21 October 2026, puts Calvià top of Spain’s municipalities of over 20,000 people for average home sale price in 2025, at €981,485. Marratxí had the second-largest rise in that group since 2013. The figure is an average per sale, so it reflects the kind of homes sold as much as their price.
In the Balearic Parliament’s general policy debate on 20 October 2026, president Marga Prohens announced plans to remove transfer tax and stamp duty on a first home for buyers under 36 and disabled buyers, and to halve them for buyers aged 36 to 40. It is an announcement, not law. Holiday-home buyers are not affected.
On 16 October 2026 the Balearic government approved the building projects for six IBAVI public housing developments, about 60 homes, three of them in Mallorca: Felanitx, Petra and Sóller. These homes are for residents who qualify for protected housing, not for the open market, but they show where the Govern is adding homes in Mallorca’s towns.
According to the Majorca Daily Bulletin’s report of question time on 13 October 2026, housing minister José Luis Mateo said the Balearic government will not restrict the purchase of second homes, after Més per Mallorca called for action on speculation. Buying a holiday home in Mallorca remains open to all buyers, but opposition proposals show the debate is not over.
Winter schedules for Palma airport, running from late October 2026 to the end of March 2027, show about 9% fewer flights, 12 fewer airlines and 14 fewer routes than last winter. A large UK low-cost airline announced further winter cuts on 9 October. Several UK regional airports have lost more than half their Palma flights.
Royal Decree-law 29/2026, published in the BOE on 7 October 2026, tightens the rules on temporary and room lets from 8 October and brings 10% VAT to many stays of up to 30 nights from 1 December. It is in force now, but because Parliament has been dissolved, Congress’s standing committee still has to approve it.
The Socialist group’s bill that included a tax of up to 100% on homes bought by people and companies resident outside the EU lapsed on 6 October 2026, when Spain’s Parliament was dissolved for the 29 November general election. It was never debated and never became law. British, American and other non-EU buyers pay the same purchase taxes as everyone else.
Plain-English guides for people who have never bought in Spain before.