Property Prices in Palma de Mallorca, Spain

Index Info
Price to Income Ratio: 10.88
Mortgage as Percentage of Income: 71.09%
Loan Affordability Index: 1.41
Price to Rent Ratio - City Centre: 24.72
Price to Rent Ratio - Outside of Centre: 17.97
Gross Rental Yield (City Centre): 4.05%
Gross Rental Yield (Outside of Centre): 5.57%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 844.44 € 800.00-950.00
Apartment (1 bedroom) Outside of Centre 687.50 € 600.00-800.00
Apartment (3 bedrooms) in City Centre 1,343.75 € 1,100.00-1,600.00
Apartment (3 bedrooms) Outside of Centre 1,106.25 € 950.00-1,250.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 401.03 € 325.16-557.41
Price per Square Feet to Buy Apartment Outside of Centre 238.45 € 185.80-334.45
Salaries And Financing
Average Monthly Net Salary (After Tax) 1,582.14 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.80 1.65-4.70

These data are based on 83 entries in the past 18 months from 13 different contributors.
Last update: March 2023

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