Demand for new construction in Mallorca has never been stronger and continues to be a good long-term investment.  According to official figures from the Spanish Registrars Association prices for newly constructed properties in The Balearics increased by 16% this year compared to the same period 2023.

Says Florian Hofer, Managing Director Engel & Völkers Balearics: “The scarcity of land supply in the Balearics combined with the complexities of building new homes means that new constructed property is highly sought after.  In Mallorca, which accounts for approximately 75% of the real estate market in the Balearics, we see a steady price development for these projects of around 15% during the construction stage, which is also a strong indicator of the positive long-term return for investors”.

The following six new off-plan projects, which range from 575,000 euros up to over 5 million euros, are all exclusively brokered by Engel & Völkers and represent a cross-section of premium family villas and apartments that could be used for year-round living or as holiday homes. They have all been designed to incorporate striking designs, “must have” features, sustainable materials wherever possible, and with quality finishes throughout.

Aurum, Port Andratx, 17 private villas with striking contemporary design and top views.  From 2.75 million euros.

Aurum will be probably the last new development of its kind and size in the highly desirable area of Port Andratx in Mallorca's southwest region.  Comprising 17, 3-bed villas ranging in size from 261 to 389 square metres of constructed air-conditioned area.  Features include a private infinity pool, a terrace and private garden, a roof terrace, a glass lift to connect all floors, a large underground garage, and a basement, a high-end Poliform designer kitchen with premium Miele appliances, natural stone floors, and top-quality lighting. Impressive floor-to-ceiling windows, which open onto the exterior dining terrace and pool, will provide a sumptuous interior/exterior living space with panoramic views over the port.

Local architectural practice, Archtech, with over 40 years expertise of architectural engineering in Mallorca, Madrid, and Miami, has created a striking modern Mediterranean minimalist design concept for Aurum with an innovative interplay of dark and light design elements that frame the facades of each villa, a feature which sets it apart from other projects of this scale.  Asking prices for the villas start at 2.75 - 5.4 million euros and construction will start at the end of this year:https://aurum.ev-mallorca.com

Bonavida, 15 detached villas in contemporary Mallorquin style, with views of the Malgrats Islands and the open sea, Calvía.  From: 2.55 million euros

Located in Calvia in Mallorca's southwest, Bonavida is set in a peaceful location with a southeastern orientation and is surrounded by forested area.  Comprising 15 detached villas with 3-4 bedrooms and 4-5 bathrooms that have been designed by local architects García-Ruiz in a contemporary Mediterranean style using natural materials such as stone and wood.  Total constructed areas range from 313-416 square metres plus open and covered terraces. The open-plan living areas feature large floor-ceiling windows that when open allow a seamless flow between the exterior and interior areas. Sustainable features include underfloor heating via a thermal heat pump and quality finishes throughout.

Each villa has a private pool, a private underground garage/or covered parking and is surrounded by gardens. Community facilities include a well-equipped gym and a private communal green area.  Construction is underway with completion scheduled in 2025.  Prices from 2.55 - 4.25 million euros.  https://www.engelvoelkers.com/es/en/projects/f26b6b67-4875-5dec-be14-4bd0836296a9

Verdemar, 11 villas in contemporary style, with private pools, Cala Vinyas (Calvia). From 3.3 million euros

Located in a quiet area, literally across the street from the sea and the Cala Vinyas beach, and within 20 minutes' drive of Palma.  The 11 detached villas are designed specifically to provide maximum privacy from 449 to 761 square metres and feature either 3 or 4 bedrooms which all have ensuite bathrooms.

The architectural concept for the development is characterised by clean lines and a modern interpretation of traditional latticework, a distinctive feature that also allows air to circulate freely and filters direct sunlight.   Local and/or sustainable materials such as stone and wood have been used throughout. The centrepiece of the villas is the living and dining area with an open-plan Bulthaup kitchen and floor-to-ceiling windows that open completely to the terrace and a private garden with a private infinity pool, creating a smooth transition from indoor to outdoor living.  A pathway links each of the villas leading to a private communal green area.  Each villa also has its own garage or covered parking area. Construction is now underway with completion scheduled for the end 2025.  Prices start from 3.3 million euros: https://verdemar.es

Can Granada, Palma Old Town, 6 apartments with concierge services. From 1.771 million euros.

Can Granada is a large “palacio” originally built in 1556 by a successful merchant of that time.  Located in the heart of Palma's Old Town, it is a few minutes' walk from the city's elegant tree-lined Born Boulevard and Jaime III high-end shopping street. Local Mallorquin architect, Juan Llobera, will transform this historic building creating six spacious and highly individual premium apartments each with its own private terrace or patio.

Each of the six apartments is unique in layout and individual features and will be distributed over six floors spanning 2.100 square metres retaining original historic features including high ceilings, stone arches, pillars, and wooden beams.  The ground floor will become a city oasis with a spa/wellness area with a pool.

Prices start from 1.771€ million for 135m2 of constructed space with 26m2 terrace/patio, with 2-bedrooms, up to 5,170.500€ million for a 4-bedroom apartment distributed over 346m2 with a 37m2 terrace. Can Granada combine Mallorquin tradition with contemporary aesthetics and modern-day technology to leave a lasting testimony to Palma's extraordinary history and heritage. The entire project is estimated to be completed in 2026:https://ev-mallorca.com/en/mallorca-development/1-D-000KXH

The Horizonz project of 21 villas, walking distance from the sea, at Cala Murada (southeast) from 1.125 million euros

Located within walking distance from the sea, this project of 21 villas features constructed area from 300 square metres with 3 bedrooms and 3 bathrooms.  Built on two floors, the living area has a spacious open-plan kitchen/salon area with floor-to-ceiling windows that open out completely onto the terrace, the private pool, and garden. Other features include a TV room, which could be used as an office, a storage room. and parking. The design concept is contemporary Mediterranean using natural materials such as wood and stone for the partial stone-faced facade with a sustainable integrated aerothermal system providing underfloor heating and air conditioning.

The villas are located a short walking distance from the sea at Cala Murada in Mallorca's southeast region close to some of the island's most beautiful beaches, with supermarkets, restaurants, and cafes within the local vicinity.  Horizonz is scheduled to be completed by 2025/early 2026.  Prices range between 1.125-1.2 million euros: https://horizonz.ev-mallorca.com/

New “passive house” project of 9 townhouses, Sencelles.  From 575,000 euros.

This new development in the charming rural town of Sencelles is located approximately 20 minutes' drive from Palma.  A total of 9 townhouses are being constructed with three bedrooms, two bathrooms, from 134 to 161 square metres of constructed area and between 45-80 square metres of garden. Some will have views of the Sierra Tramuntana. These are certified passive houses that are energy efficient, and water-saving, built with environmentally friendly techniques and materials. Features include Binissalem-stone worktops in the kitchen, a private pool, solar panels on the rooftop of each pergola, a parking space, and a storage room.  Prices range from 575,000 to 650,000 euros and the project is scheduled to be completed in 2025. https://ev-mallorca.com/en/mallorca-development/energy-saving-houses-with-private-swimming-pools-in-sencelles-D-000JOW