Mallorca island Property Prices, Rents & Rental Yields

About Mallorca island

Mallorca island combines Mediterranean coastline, historic towns, and inland landscapes shaped by long-standing tourism and year-round lifestyle appeal. For apartment investors, that mix often matters as much as the numbers, because it supports a market where location, seasonality, and space all interact closely.

July 2026 brings the clearest signal: prices are still moving higher, while income is not keeping pace at the same speed. The average sale price for apartments now stands at €539,000, up 1.7% month over month and 3.7% year over year, while the average price per square metre has climbed to €5,130, up 2.7% on the month and 4.6% over 12 months. That leaves less room for margin expansion even as values continue to edge up.

Rental performance is steadier, but it does not fully offset that rise in purchase costs. The average rent is €2,000, unchanged from last month and up 2.6% compared with July 2025. Against those figures, the current yield of 4.85% suggests a market that still offers income, but with tighter economics than earlier in the cycle. For investors watching Mallorca closely, the month points to a simple tension: assets are becoming more expensive, while rent growth remains comparatively measured.