Mallorca island Property Prices, Rents & Rental Yields

About Mallorca island

Mallorca, the largest of Spain’s Balearic Islands, combines coastal scenery, inland villages and a year-round Mediterranean lifestyle. Its apartment market reflects that mix, with prices anchored by island-wide appeal rather than a single urban core, and with a pace shaped by both holiday and residential use.

September 2026 brings the clearest signal: apartment pricing is still edging higher, but investor economics are tightening. The average sale price sits at €550,000, up 0.2% on the month and 4.0% over the year, while the average price per square metre is €5,140, down 0.8% month over month despite the same 4.0% annual rise. That combination suggests values remain resilient, even as short-term momentum softens.

Rental figures add a more balanced note. The average rent is €2,000, unchanged from the previous month and up 2.6% year on year, supporting a 4.69% yield. For investors, that points to an island market where income remains measurable, but the gap between rising sale values and steadier rents continues to define the monthly picture.