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Europe’s premium island STR market — licence-constrained supply, peak-season ADRs to match.
The Balearics (Mallorca, Ibiza, Menorca, Formentera) are the most supply-constrained short-term rental market in Spain: a moratorium on new ETV tourist licences has been in force since 2022, so licensed villas trade at a premium and competition from new supply is structurally limited.
For a yield investor that constraint is the story. A licensed property here is a scarce asset with deep summer demand from the UK, German and Scandinavian markets — but buying unlicensed and hoping for a licence is not a viable strategy.
2,146
Tracked Listings
28
Areas Covered
42%
Avg Occupancy
€609
Typical ADR
€254
RevPAR
Occupancy and ADR are observed from live Airbnb calendars across Mar 2026–Sep 2026 (2,146 tracked listings). ADR reflects asking prices; upcoming months show booking pace to date and typically rise as the month approaches.
The Balearics’ deepest villa market — six distinct sub-regions, one scarce licence.
Spain’s highest peak-season ADRs — a licence-gated luxury market.
The quiet Balearic — family demand, UNESCO coastline, and the same scarce licences.
Live Airbnb performance by area — occupancy and typical nightly rate from tracked calendars, all property sizes blended.
| Area | Region | Listings | Occupancy | Typical ADR | Est. Monthly Revenue |
|---|---|---|---|---|---|
| Can Picafort | Mallorca North | 363 | 47% | €342 | €4,679 |
| Inca | Mallorca Central | 350 | 51% | €407 | €5,835 |
| Sant Antoni | Ibiza | 168 | 36% | €681 | €7,761 |
| Llucmajor | Mallorca Palma | 168 | 54% | €408 | €6,925 |
| Ibiza Town | Ibiza | 123 | 36% | €1,146 | €13,026 |
| Santa Eulària | Ibiza | 100 | 34% | €1,027 | €11,257 |
| Palma | Mallorca South | 76 | 34% | €509 | €5,428 |
| Ciudadela | Menorca | 72 | 41% | €425 | €4,868 |
| Alcudia | Mallorca North | 71 | 41% | €482 | €6,216 |
| Calvià | Mallorca Palma | 65 | 51% | €671 | €8,602 |
| Cala d'Or | Mallorca South | 51 | 36% | €483 | €4,513 |
| Artà | Mallorca East | 48 | 27% | €532 | €3,538 |
| Pollensa | Mallorca North | 46 | 43% | €539 | €7,407 |
| San Jose | Ibiza | 42 | 35% | €2,045 | €18,849 |
| Son Bou | Menorca | 42 | 42% | €526 | €6,530 |
| Mahón | Menorca | 40 | 40% | €524 | €6,185 |
| Puerto Pollensa | Mallorca North | 39 | 43% | €541 | €7,049 |
| Fornells | Menorca | 38 | 44% | €364 | €4,481 |
| Cala Millor | Mallorca East | 33 | 38% | €387 | €4,298 |
| Portinatx | Ibiza | 33 | 39% | €890 | €8,518 |
| Andratx | Mallorca West | 33 | 40% | €743 | €9,422 |
| Sóller | Mallorca West | 32 | 44% | €623 | €7,220 |
| Santanyí | Mallorca South | 29 | 36% | €546 | €6,267 |
| Formentera | Formentera | 28 | 46% | €558 | €6,687 |
| Portocolom | Mallorca East | 25 | 36% | €644 | €6,917 |
| Valldemossa | Mallorca West | 23 | 37% | €763 | €7,387 |
| Palma | Mallorca Palma | 12 | 62% | €951 | €10,754 |
| Deià | Mallorca West | 8 | 30% | €840 | €5,681 |
Calendar-observed occupancy per month. Upcoming months show bookings already on the calendar and fill further as dates approach.
0 bedrooms
33% occupancy
€291 per night
173 tracked
1 bedroom
38% occupancy
€311 per night
606 tracked
2 bedrooms
45% occupancy
€402 per night
326 tracked
3 bedrooms
47% occupancy
€507 per night
492 tracked
Licensing is the single biggest factor in Spanish STR underwriting — it determines whether projected income is achievable at all.
New ETV licences have been under moratorium since February 2022 (extended indefinitely in May 2024). A limited CBAT allocation of 654 new tourist places opened in September 2025 — the first since the freeze.
The licence attaches to the property and transfers with the sale, provided the deed expressly includes a transfer clause and the island council (Consell Insular) approves it within 60 days.
Buying a villa with an existing, transferable ETV is effectively the only reliable route into Balearic STR. Verify the licence number, plaza count, and that the deed includes the transfer clause before exchange.
Since 1 July 2025 every short-term rental in Spain must hold a national registration number (NRA) from the Registro Único (Royal Decree 1312/2024). Platforms like Airbnb must delist properties without one within 48 hours. The NRA sits on top of each region’s own licence regime — you need both.
Regulation overview only, current as of June 2026 — not legal advice. Verify with a local lawyer before purchase.
For-sale properties ranked by real Airbnb yield in Balearic Islands are coming. Join the waitlist for first access.
In practice, rarely. New ETV licences have been frozen since February 2022, with only a limited allocation of 654 places released via CBAT in September 2025. Most investors buy properties that already hold a transferable ETV licence.
Yes — the licence attaches to the property, but the deed of sale must expressly include a transfer clause and the island council must approve the transfer within 60 days. Always verify this with a local lawyer before exchange.
Mallorca has the deepest market by listing volume and the longest season; Ibiza commands the highest peak ADRs; Menorca is smaller, family-oriented and more seasonal. Our live data on each island page shows tracked occupancy and ADR by area.