ILLES BALEARS
New developments on the Balearic Islands
Mallorca and Ibiza: scarce land, premium new builds.
IVA 10% + AJD 1.5% on new builds (Illes Balears)
2 developments
Off-plan
Example listingPalma, Mallorca · Balearic Islands
Palma Bay Residences
Seafront apartments on Palma's bay, ten minutes from the old town.
- Bedrooms
- 2–3 beds
- Built area
- 105–175 m²
- Completion
- Q2 2028
From €895,00030% at contract
Under construction
Example listingSanta Eulalia del Río, Ibiza · Balearic Islands
Santa Eulalia Villas
Villas with private pools in the north-east of the island.
- Bedrooms
- 4 beds
- Built area
- 280 m²
- Completion
- Q3 2027
From €2,950,00030% at contract
Rental rules on the Balearic Islands
LETTING TO TOURISTS · BALEARIC ISLANDS
Register: Estancia turística en vivienda (ETV), by declaración responsable to the island council; tourist places are capped and must be acquired
- A home generally needs five years of private residential use before it can be let to tourists, which rules out a new build at first.
- New tourist places in apartment buildings are barred on all the islands (Decreto ley 4/2025).
Town halls add their own rules and change them often. Confirm with the town hall and the regional tourism department before you buy. Position as of 16 Oct 2026. Tourist licences region by region
EVERYWHERE IN SPAIN
- In a building with a community of owners, a new tourist rental needs the community's express approval by three-fifths of owners and quotas (since 3 April 2025).
- Long-term lets follow the LAU: for an individual landlord a tenant can stay up to five years, and the deposit is one month's rent.
- Spain taxes rental income of non-residents at 19% (EU/EEA) or 24% (others) through IRNR.