Mallorca island Property Prices, Rents & Rental Yields

About Mallorca island

Mallorca combines Palma’s urban setting with Mediterranean beaches, inland villages and the Serra de Tramuntana. Across the island, apartment locations range from town centres to coastal communities, so an island-wide average is best read as a broad reference rather than a description of every address.

In October 2026, the main signal for apartments is a split between steady sale prices and softer monthly rents. The average sale price stands at €550,000 and is unchanged from the previous month, while average rent is €1,950 after a 2.5% monthly decline. That contrast matters for investors: when the purchase-price benchmark holds while the rental benchmark slips, the near-term income calculation has less room to improve through rent alone. The reported yield is 4.73%, a useful island-wide starting point, not a return that any individual property is guaranteed to deliver.

The longer view tempers the monthly picture. Both sale and rent averages remain above their levels a year earlier, so the latest rental dip does not, by itself, establish a sustained reversal. Equally, a flat monthly sale price should not be read as proof that acquisition costs are falling. For an investment assessment, the practical question is whether a specific apartment’s purchase price and achievable rent produce a satisfactory result after expenses. These regional averages frame that comparison, but they cannot resolve differences between individual properties or predict the next monthly move.