Palma, Mallorca: rental flats yield just 4.3%
A flat bought to let in Palma, Mallorca, yields a gross return of 4.3%, putting the city among Spain’s lowest-return provincial capitals. Property platform Idealista reports the figure on Tuesday, 13 October 2026. Palma ties with Madrid for the third-lowest return on rental flats.
Only San Sebastián, at 3.3%, and A Coruña, at 4.2%, rank lower. Across Spain, the gross return on flats bought to let fell to 6.2% in the third quarter of 2026.
Palma also trails the national figures for other property. Offices yield 6% in the city against 11.2% across Spain, the lowest office return of any provincial capital. Shops return 6.9% against 10% nationally, while garages return 3% against 6.0%. Palma ranks third-lowest for both shops and garages.
Source: Europa Press / Mallorca.com