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Almost four in ten purchases by foreigners – Who still owns Mallorca?

What is driving Mallorca's housing price surge and who benefits?

Foreign buyers and rising prices are changing Mallorca's housing market. Explore who benefits and why.

Published: November 05, 2026
Almost four in ten purchases by foreigners – Who still owns Mallorca?

Answer

What factors are driving Mallorca's housing prices and who benefits?

In the Balearic Islands, foreigners bought about 37.19% of homes in the third quarter, a jump from the previous quarter. Prices rose to an average of 4,502 euros per square meter, and the average monthly mortgage payment is around 1,510.50 euros, with households spending about 62.1% of income on loan repayments. This combination tends to benefit investors and higher-end buyers while making housing less affordable for local workers.

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