Property Prices in Palma de Mallorca, Spain

Index Info
Price to Income Ratio: 12.46
Mortgage as Percentage of Income: 86.98%
Loan Affordability Index: 1.15
Price to Rent Ratio - City Centre: 20.84
Price to Rent Ratio - Outside of Centre: 16.86
Gross Rental Yield (City Centre): 4.80%
Gross Rental Yield (Outside of Centre): 5.93%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,006.25 € 900.00-1,200.00
Apartment (1 bedroom) Outside of Centre 861.11 € 750.00-1,000.00
Apartment (3 bedrooms) in City Centre 1,656.25 € 1,400.00-1,900.00
Apartment (3 bedrooms) Outside of Centre 1,350.00 € 1,200.00-1,600.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 408.77 € 325.16-538.83
Price per Square Feet to Buy Apartment Outside of Centre 277.16 € 185.80-371.61
Salaries And Financing
Average Monthly Net Salary (After Tax) 1,481.25 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.53 3.50-3.70

These data are based on 86 entries in the past 18 months from 14 different contributors.
Last update: June 2024

Sources and References
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1 Comments so far
Joe Bellber on Jul 03, 2022:
While with the Marines on board a Naval Battle ship, we pulled into Palma Mallorca in 1967. At the time it as an international vacation spot, and I met people from different parts of the world; is it that way now?
Joe Bellber