56 new residential projects in Balearic Islands
588 apartments in new builds - compare typologies, prices, areas, units, distances, developers and completion years.
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New-build prices in Balearic Islands
In Balearic Islands, according to our data as of 05.09.2026, 56 residential projects are under construction, with 588 apartments available. The average price per square metre in new builds in Balearic Islands is €7 330. The most affordable project is Aragón, with 1 bedrooms apartments from €279 000. The widest choice of apartments is in Terramar, with 63 units available, with areas from 103 to 103 m2.
Housing price dynamics in Palma de Mallorca
According to Idealista, the average asking price for housing in Palma de Mallorca in July 2026 is 5 540 €/m². This measure covers the whole residential market, including resale homes.
Over the last 12 months, the price per square metre changed by +7.4%; over five years, by +69.3%. The average annual rate over this period is +11.1%.
Housing in Palma de Mallorca is currently -0.6% less expensive on average than in Balears (Illes), where the price is 5 575 €/m².
If the average rate of the last five years is maintained, the estimated price per square metre in Palma de Mallorca will be about 6 155 €/m² in one year and 6 838 €/m² in two years. That is a change of +11.1% and +23.4% from today’s level.