Property Prices in Palma de Mallorca, Spain
| Index |  |
|---|---|
| Price to Income Ratio: | 11.48 |
| Mortgage as Percentage of Income: | 80.10% |
| Loan Affordability Index: | 1.25 |
| Price to Rent Ratio - City Centre: | 20.59 |
| Price to Rent Ratio - Outside of Centre: | 17.52 |
| Gross Rental Yield (City Centre): | 4.86% |
| Gross Rental Yield (Outside of Centre): | 5.71% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,126.92 € | |
| Apartment (1 bedroom) Outside of Centre | 888.46 € | |
| Apartment (3 bedrooms) in City Centre | 1,780.77 € | |
| Apartment (3 bedrooms) Outside of Centre | 1,446.15 € | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 444.38 € | |
| Price per Square Feet to Buy Apartment Outside of Centre | 301.93 € | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 1,750.00 € | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 3.53 |
These data are based on 109 entries from 20 contributors over the past 18 months.
Last update: April 2025
Sources and References
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Joe Bellber