Property Prices in Palma de Mallorca, Spain

Index Info
Price to Income Ratio: 12.56
Mortgage as Percentage of Income: 84.57%
Loan Affordability Index: 1.18
Price to Rent Ratio - City Centre: 22.71
Price to Rent Ratio - Outside of Centre: 18.80
Gross Rental Yield (City Centre): 4.40%
Gross Rental Yield (Outside of Centre): 5.32%
Rent Per Month
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Apartment (1 bedroom) in City Centre 870.83 € 750.00-1,000.00
Apartment (1 bedroom) Outside of Centre 673.08 € 500.00-900.00
Apartment (3 bedrooms) in City Centre 1,370.83 € 1,200.00-1,800.00
Apartment (3 bedrooms) Outside of Centre 1,040.83 € 800.00-1,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 378.24 € 250.84-557.41
Price per Square Feet to Buy Apartment Outside of Centre 240.22 € 185.80-278.71
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,325.00 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.13 2.00-4.20

These data are based on 120 entries in the past 18 months from 19 different contributors.
Last update: July 2021

Sources and References
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