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Why long-term rentals in Mallorca are dwindling — and what could help

Why Palma’s Rental Market Feels So Tight

Palma’s rental market is tight because long-term homes are scarce and many properties are shifted to short-term use.

Published: April 23, 2026
Why long-term rentals in Mallorca are dwindling — and what could help

Answer

Why are rental prices in Palma so high compared with wages?

Palma has a limited supply of long-term homes and a strong preference among some owners for shorter, more profitable lets. That imbalance pushes prices up and makes it hard for workers, families, and older residents to find something affordable. The pressure is especially visible in the lower and mid-price range.

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