Property Prices in Palma de Mallorca, Spain

Index Info
Price to Income Ratio: 11.06
Mortgage as Percentage of Income: 76.96%
Loan Affordability Index: 1.30
Price to Rent Ratio - City Centre: 19.85
Price to Rent Ratio - Outside of Centre: 14.96
Gross Rental Yield (City Centre): 5.04%
Gross Rental Yield (Outside of Centre): 6.69%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,033.33 € 900.00-1,200.00
Apartment (1 bedroom) Outside of Centre 850.00 € 750.00-1,000.00
Apartment (3 bedrooms) in City Centre 1,675.00 € 1,500.00-1,900.00
Apartment (3 bedrooms) Outside of Centre 1,378.57 € 1,200.00-1,600.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 397.16 € 371.61-696.77
Price per Square Feet to Buy Apartment Outside of Centre 246.19 € 185.80-371.61
Salaries And Financing
Average Monthly Net Salary (After Tax) 1,565.62 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.50 2.00-4.50

These data are based on 70 entries in the past 18 months from 11 different contributors.
Last update: February 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