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Mallorca property prices

Average House Prices in Mallorca

Q1 Q2 Q3 Q4
2005 No data No data € 450 K
Region Spain
-0.2% +78.6%
€ 400 K
Region Spain
+1.3% +61.8%
2006 € 424 K
Region Spain
+0.3% +71.2%
€ 490 K
Region Spain
+0.1% +98.6%
€ 506 K
Region Spain
+0.0% +109.2%
€ 492 K
Region Spain
-0.3% +96.2%
2007 € 475 K
Region Spain
+0.3% +97.5%
€ 503 K
Region Spain
+0.8% +102.5%
€ 456 K
Region Spain
+1.4% +85.3%
€ 446 K
Region Spain
+1.2% +79.8%
2008 € 452 K
Region Spain
+2.3% +87.8%
€ 488 K
Region Spain
+1.4% +103.2%
€ 497 K
Region Spain
+0.1% +102.9%
€ 524 K
Region Spain
-0.1% +112.4%
2009 € 541 K
Region Spain
-2.0% +124.5%
€ 503 K
Region Spain
-4.5% +109.4%
€ 522 K
Region Spain
-4.1% +118.2%
€ 477 K
Region Spain
-5.4% +103.8%
2010 € 455 K
Region Spain
-4.6% +93.3%
No data No data No data
Currently, house prices in Mallorca province are 4.6% less expensive than in the region of Balearic Islands and 93.3% more expensive than the national average of Spain

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What IS cheap Spanish property?

Is any property below €50,000 a cheap Spanish property? Are cheap Spanish properties only to be found at auction or as bank repossessions? How much below market value does a Spanish property need to be to be considered cheap?

Continue reading: What IS cheap Spanish property?