Mallorca buy-to-let: 23 years to recoup in Palma

Palma, Mallorca: Rent from a home bought to let takes 23 years to cover its purchase price, according to a Fotocasa study published on 9 November 2026. The property platform based its calculation on rental yields in the second quarter of 2026.

The longest wait in Spain

Across the Balearic Islands, the estimated wait is 23.6 years, based on an average rental yield of 4.2 per cent. Up to June, no other Spanish autonomous community had a longer wait. The figure was 21 years in the Community of Madrid, 20 in Andalusia and 19 in the Basque Country.

A wide gap across Mallorca

In Llucmajor, Mallorca, rent would cover the purchase price in 18.2 years, at a yield of 5.5 per cent. In Calvià, Mallorca, the estimate rises to 24.8 years.

The gap is wider within Palma itself. In the Llevant district, the estimated wait is 18.9 years, with a yield of 5.3 per cent. In the city centre, it stretches to 30.3 years, with a yield of 3.3 per cent. Fotocasa says higher purchase prices in the more expensive districts reduce the return from rent.

Topics: Housing · Llucmajor · Palma · Calvià

Source: Europa Press / Mallorca.com