Last updated on June 21st, 2023
best places to Airbnb in Mallorca
Key Takeaways
• With a stable economy, a bustling tourist market, and great living conditions, Mallorca has helped hosts to earn a nice rental income by owning Airbnb listings.
• Get to know the list of benefits real estate investors can enjoy when buying a property investment around Mallorca.
• To help you boost your gains, we unveil the most profitable locations in Mallorca. We also mention their recommended property types and Airbnb data.
Introduction
Looking for a small piece of paradise that will trigger your adventurous side? Then you will love Mallorca, an island nestled in the Mediterranean Sea that offers unique experiences that knows no bounds.
How could one not fall for the charm of this exotic island? The region blends its natural surroundings with its fascinating historical and cultural heritage perfectly. In fact, Mallorca is a destination full of cultural opportunities and scenic beauty you won’t want to miss.
If you plan to invest in Mallorca’s rental market, you should consider some crucial metrics. For instance, researching profitable locations is an important step that investors should not skip – and we are here to show you the way.
In this article, we mention the best places to Airbnb in Mallorca and some of the benefits that investment properties can bring to investors who target this island. Continue reading to learn more about this market!
Why should you consider buying an investment property in Mallorca, Spain?
Starting an Airbnb business in Spain, specifically in Mallorca, is an effective way of creating a passive income that can ultimately lead you to the desired financial freedom. But what advantages can Mallorca offer to property investors?
Check out some of the reasons why investing in a rental property in Mallorca is an excellent idea:
Top market in Balearic Islands for Airbnb investment properties
There are a variety of factors that contribute to the level of profitability of a specific rental market. Thus, knowing whether a location has been successful or not with rental properties is important. For this reason, it’s important to make use of the best analytics tools to formulate effective strategies.
We have great news for you: Mallorca is indeed a profitable rental market that offers promising rewards to hosts. According to our previous blog, Mallorca tops the list of the best places to invest in Airbnb in the Balearic Islands! Its strong tourist market is mainly behind this. In fact, the island welcomed around 16M visitors just in 2022. We can clearly see why this region has become a catch to investors wanting to respond to its high tourist demand.
Stable economy
Mallorca enjoys a thriving economy where the tourism sector is the main source of revenue for the island. In fact, the island is the most popular tourist destination in the Balearic Islands. On top of that, Mallorca is also a business hub since there are a great number of foreign corporations located on the island.
There are also plenty of sectors that are growing in Mallorca. Some of the industries that are booming and contributing to the island economy are the construction, technology, agricultural, and artisan sectors.
A great place to live
Mallorca is the most popular destination in the Balearic Islands, offering a great living quality with easy access to a wide range of services and leisure activities. Thanks to its warm temperatures, stunning natural surroundings, good connections, and stable economy, a great number of people have opted to relocate to the island to live and work.
Mallorca offers a wide range of educational opportunities, a reliable healthcare system, and a dynamic real estate market. Moreover, the island provides a safe and clean environment, so exploring this paradise is healthy for both your mind and body.
An island full of unique experiences
Mallorca is the perfect destination for those looking to embrace the very essence of adventure amidst exotic landscapes with dramatic sunsets views. We can even say that this island is a synonym for beauty since it’s home to a variety of striking ecosystems.
From sandy beaches with crystalline turquoise waters to towns with a cultural and historical legacy of intrinsic value, Mallorca is awaiting you with open arms to exhibit all its charming traits.
In addition, Mallorca also encompasses a wide range of leisure options like music festivals and cultural events throughout the year. Thus, you can expect to spend 365 days with vibrant entertainment activities!
Is Airbnb Profitable in Mallorca?
It’s already a given fact that investing in vacation rentals in Mallorca can become a stable source of income for Airbnb hosts. That being said, Airbtics also wants to let you know that the profitability that a listing can generate depends on factors like the property type and location. So choosing the best number of bedrooms for your Airbnb is essential!
Aiming to buy a property to let in Mallorca? Then you will like to know that an Airbnb host can expect an average annual revenue of €32,710 and a median occupancy rate of 60% for operating a 3-bedroom property in Mallorca as confirmed by Airbtics’ data.
Best Places in Mallorca to Buy Rental Properties
Mallorca is the largest island in the Balearic archipelago, and it has around 62 municipalities, each of them with its own personality and subtle charm. Consequently, the profitability in each area differs from one another. For this reason, it can take a lot of time to research the best location to buy an investment property in Mallorca.
Check out the best places around Mallorca that are recommended for rental properties:
1. Palma de Mallorca
- Total Number of Airbnb Listings: 1,118
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €378,000
- Airbnb Annual revenue: €51,505
- Gross rental yield: 13.63%
2. Soller
- Total Number of Airbnb Listings: 434
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €525,000
- Airbnb Annual revenue: €49,972
- Gross rental yield: 9.52%
3. Andratx
- Total Number of Airbnb Listings: 186
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €495,000
- Airbnb Annual revenue: €44,818
- Gross rental yield: 9.05%
4. Pollença
- Total Number of Airbnb Listings: 823
- Best bedroom size: 4 bedrooms
- Median property price (4 bedrooms): €535,000
- Airbnb Annual revenue: €40,184
- Gross rental yield: 7.51%
5. Port d’Alcúdia
- Total Number of Airbnb Listings: 750
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €375,000
- Airbnb Annual revenue: €32,510
- Gross rental yield: 8.67%
6. Sa Pobla
- Total Number of Airbnb Listings: 191
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €260,000
- Airbnb Annual revenue: €32,116
- Gross rental yield: 12.35%
7. Arta
- Total Number of Airbnb Listings: 329
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €420,000
- Airbnb Annual revenue: €32,020
- Gross rental yield: 7.62%
8. Binissalem
- Total Number of Airbnb Listings: 283
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €375,000
- Airbnb Annual revenue: €31,976
- Gross rental yield: 8.53%
9. Santanyí
- Total Number of Airbnb Listings: 689
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €313,000
- Airbnb Annual revenue: €29,805
- Gross rental yield: 9.52%
10. Manacor
- Total Number of Airbnb Listings: 546
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €400,000
- Airbnb Annual revenue: €24,222
- Gross rental yield: 11.66%
Takeaway
Taking into account the benefits that the rental markets of Mallorca offer, we can conclude that this island can help investors to obtain a good cash-on-cash return. There are plenty of profitable places that can be targeted to buy a property to rent in Mallorca, albeit it’s always important to analyze all options carefully. By doing this, you won’t miss out on its promising investment opportunities!
Knowing the best places to Airbnb in Mallorca is just the beginning of your journey! If you’re willing to engage yourself in the most profitable voyage, you should absolutely give it a go and make use of our short-term rental estimator. Be fearless and stand out among your competitors by making data-based decisions to boost your gains now!
Explore The Most Profitable Airbnb Locations in Mallorca
