Mallorca rent vote: Balearic renters could save €10,090
On Mallorca, in Spain’s Balearic Islands, tenants with leases ending before 2029 could save a median €10,090 per household over two years if they extend their contracts. That is a Balearic-wide estimate from Spain’s Ministry of Consumer Affairs, not a figure for Mallorca alone. On Thursday, 12 November, a standing committee of Spain’s Congress of Deputies votes on whether the rule, already in force, stays in place.
What the extension would do
Tenants can request an extension of eligible leases through to 31 December 2028. The ministry says their existing contract terms would remain unchanged.
Across Spain, it estimates median savings of €4,341 per household over two years. It says 1,895,676 contracts could be extended, benefiting around 4.9 million people.
Why the saving is an estimate
The ministry compares the rent on an extended lease, including permitted adjustments and legal caps, with the estimated cost of a new one. It bases new-lease prices on property listings on Idealista.
The calculation assumes every eligible tenant requests an extension. The €10,090 figure is therefore an estimate across Balearic households, not a saving guaranteed to each tenant.
Source: Europa Press / Mallorca.com