Property Prices in Palma de Mallorca, Spain

Index Info
Price to Income Ratio: 10.80
Mortgage as Percentage of Income: 69.08%
Loan Affordability Index: 1.45
Price to Rent Ratio - City Centre: 21.45
Price to Rent Ratio - Outside of Centre: 17.42
Gross Rental Yield (City Centre): 4.66%
Gross Rental Yield (Outside of Centre): 5.74%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 875.00 € 800.00-1,000.00
Apartment (1 bedroom) Outside of Centre 687.50 € 600.00-750.00
Apartment (3 bedrooms) in City Centre 1,900.00 € 1,600.00-2,500.00
Apartment (3 bedrooms) Outside of Centre 1,262.50 € 1,200.00-1,400.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 415.74 € 325.16-557.41
Price per Square Feet to Buy Apartment Outside of Centre 245.03 € 185.80-325.16
Salaries And Financing
Average Monthly Net Salary (After Tax) 1,645.83 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 2.56 1.65-4.70

These data are based on 55 entries in the past 18 months from 11 different contributors.
Last update: August 2022

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