Where the market actually stands in summer 2026
You want to know what a square metre in Portals, Portixol or Port d'Andratx really costs in 2026 — without the usual broker spin? That's exactly what this article is for. At ONLY Apartments Real Estate we see closings across every price band every single week, and the numbers going through in spring and summer 2026 are a far more honest source than any press release.
Quick context: the ECB kept easing through Q2 2026, mortgages have become noticeably cheaper, and international buyer interest — especially from German-speaking Europe — has bounced back after a small dip in late 2025. At the same time, prime-area supply is tighter than it has been in years. Many owners are simply staying put. The result: stable to slightly rising prices in A-locations, more movement in B-locations.
The table: €/m² range summer 2026
| Area | €/m² range summer 2026 |
|---|---|
| Palma La Lonja / Borne | 8,000–12,000 |
| Santa Catalina | 6,500–9,500 |
| Portixol / Es Molinar | 7,500–11,000 |
| Cala Major | 4,500–7,000 |
| San Agustín | 5,500–7,500 |
| Bendinat | 7,500–12,500 |
| Cas Català / Illetas | 7,500–13,000 |
| Portals Nous | 8,500–14,000 |
| Santa Ponsa | 5,500–8,500 |
| Sol de Mallorca | 8,000–13,500 |
| Port d'Andratx | 9,000–18,000 |
| Camp de Mar | 7,000–11,000 |
Methodology: As of spring/summer 2026, based on Tinsa market data plus our own closing observations as a boutique broker. The ranges depend heavily on micro-location, condition, view, floor and year of construction. A renovated penthouse with sea view sits at the top of the range; a ground-floor flat needing full refurb sits at the bottom.
What the numbers do NOT show
A range of 7,500 to 13,000 €/m² in Cas Català sounds wild — and it is. Within the same street you'll often find a 30 percent price gap between two properties. What the table doesn't capture:
- Renovation status: A flat in 1980s condition can cost half as much per m² as a fully refurbished unit two doors down.
- View and orientation: Frontal sea view versus side angle can easily mean 2,000 €/m² difference in Port d'Andratx.
- Floor level: In Santa Catalina, a penthouse with terrace often goes for 40 percent more than the identical floor area on the first floor.
- Communal amenities: Pool, concierge, garage — all shift prices noticeably.
So if you only look at the €/m² average, you're comparing apples and oranges.
Who is buying what right now
The international buyer profiles are fairly easy to map in mid-2026 — we see it daily in the enquiries that land with us.
Swiss buyers remain focused on the premium southwest. Port d'Andratx, Portals Nous and Sol de Mallorca are the clear favourites, often with budgets north of two million. Many are looking for the marina-view villa or the apartment in an exclusive resort-style development. Swiss demand is a key reason top-location prices stay stable.
German buyers are spread more broadly. We see them heavily in Portixol, Santa Catalina and Bendinat. Portixol is particularly strong with families and remote workers from Hamburg, Munich and Berlin who want the Mediterranean lifestyle without losing city access. Santa Catalina pulls the younger, creative crowd. Bendinat is the classic "second home with garden" choice for German buyers aged 50-plus.
Austrian buyers distribute the most evenly — we see them across Santa Ponsa, Cala Major and Portals, often with slightly more pragmatic budgets than the Swiss but similar expectations.
For a deeper look read our piece on where DACH buyers buy in Mallorca.
H2 2026 trends
What's emerging for the second half? Three movements we can already see:
Rate cuts hit the market. The ECB cuts from Q1 and Q2 have filtered through to Spanish banks. If you finance in summer 2026, you're getting conditions roughly 80–120 basis points better than twelve months ago. This in particular makes the 600k–1.2 million segment attractive again for German-speaking buyers using partial financing.
Supply crunch in A-locations. In Portixol, Santa Catalina and Bendinat the listing volume is roughly 20 percent below 2024 levels. Many owners see no reason to sell while rental yields — especially long-term lets to expats — stay stable at 4–5 percent net.
New build in Bendinat and Portals. Several projects are entering the market that push the upper price segment further up. 14,000 €/m² for new build is no longer an exception in Portals.
Resale premium for renovated stock. Buyers in 2026 do not want to renovate themselves. A turn-key property is achieving on average 15–20 percent more than a comparable unit needing work.
Where there's still upside
Not every area is fully priced in. Three spots we see as under-the-radar in 2026:
Sant Agustí. Right next to Cala Major, much quieter, with solid connections into Palma. Currently 5,500–7,500 €/m², but the infrastructure is improving and the area has the same lifestyle pull Santa Catalina had seven years ago. Here's what we've listed in San Agustín.
Cala Major. Long written off as "dated", but with a massive renovation trend over the last two years. Beach at the door, Palma in 15 minutes. At 4,500–7,000 €/m² there is still substance with potential here. Current Cala Major properties.
El Terreno. The bohemian district west of La Lonja. Not in the table because it's too fragmented for a clean range, but definitely a spot we're watching in 2026 for early-mover buyers.
If you're further along and searching specifically, browse our current listings in Portixol, Santa Catalina, Bendinat, Portals Nous, Port d'Andratx and La Lonja/Borne.
How to take the next step
These numbers are a compass, not a price tag. What your specific apartment or villa is actually worth depends on factors that don't fit into any table. If you're actively searching, check our current listings under /buy — we update them continuously.
Before you write your first offer: being tax-ready and legally prepared saves weeks later. Our guide on NIE and Spanish taxes and the overview article on buying property in Mallorca as a foreigner are a good start. For anything else — link in bio, we're here.