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As a highly sought-after location for a sunshine-filled life overseas, property for sale in Mallorca is usually snapped up very quickly – making it a great investment. This also means the largest of the Balearic Islands is among Spain's most expensive places to buy a home – but did you know that there are still plenty of houses and apartments for sale in Mallorca for under €200,000?
It's true that homes in this price bracket are more limited in number, but they're not as rare as you would think, especially if you don't need much space, or you're able and willing to renovate them.
Whether you're seeking a sunny retreat for relaxing and unwinding, or a sound, long-term investment you can let out to other holidaymakers, you'll find plenty of apartments for sale in Mallorca for under €200,000. Better still, many are near beaches, have access to communal pools, or both.
Studio flats big enough for a single person to live in year-round, or for a couple on extended holidays, are found in popular coastal areas like Palma, Alcúdia, and Manacor beach for between €100,000 and €135,000. With all amenities close by, and the splendid Mediterranean weather, you won't need to spend much time indoors. But these properties are typically modern and stylish, so your comfort's assured on those days when you don't feel like venturing outside.
Everywhere in Mallorca is, at most, a short drive from the beach, but if you're not directly on the coast, your money goes further. Property for sale under €200,000 offers more space in attractive inland towns like Manacor and Inca. Here, two-bedroom flats start from about €140,000.
Putting your own stamp on a new home can be hugely satisfying and, when it's in a Spanish holiday hotspot, a superb investment. Depending upon how much extra you're able to spend, you can catch a bargain.
Property for sale in Mallorca under €200,000 frequently includes spacious villas in major tourism belts needing refurbishment. They may already have the necessary mains utility systems in place, but require new fixtures and cosmetic upgrades. Upon completion, you'd have a comfortable, high-class home suitable as a family residence, and make a significant resale profit.
Check out our selection below of properties for sale under €200,000 in Mallorca for inspiration.
Ground floor to renovate in Son Gotleu, just a few minutes from the centre. Unique opportunity, close to the centre of Palma, ground floor in Son Gotleu! We present this bright, south-facing ground... Read More
Just a two-minute walk from the sea, this top-floor apartment with elevator in S’Illot is a rare opportunity for those who can see beyond the obvious. Small but lovely: the perfect retreat for... Read More
We present to you a unique property in one of the most sought-after areas of southwest Mallorca: Santa Ponça, facing the charming Costa de la Calma, famous for its coves, relaxed atmosphere, and... Read More
This light-flooded studio on the 4th floor combines living comfort with a beautiful view and offers you a special home at a pleasant height. As soon as you enter the apartment, you are greeted by a... Read More
Great opportunity in Zona Pere Garau. It cannot be visited and it cannot be mortgaged. Attention investors. We present this 5th floor apartment of 72 m², located in a building without an elevator... Read More
Charming Townhouse in Sa Pobla with Great Potential – 3 Bedrooms, 2 Bathrooms, and Parking This fantastic townhouse, located in the heart of Sa Pobla, offers a unique opportunity for those looking... Read More
Attention investors. Rented property. Sale without possession. On Pedro Riche Street in Manacor, sensational apartment in good condition located on the fourth floor of building without elevator in... Read More
Excellent urban plot with all infrastructure and construction project, located in the Son Fangos neighborhood of Manacor. Project for a two-story semi-detached single-family home of 253 m2,... Read More
A charming 6,005 m² country estate is for sale, situated in an unparalleled natural setting. The property includes an 81 m² building. A certificate of age for the dwelling has been requested from... Read More
Unique opportunity in Sa Pobla! House with project and building licence. Are you looking for a project with all the facilities? This is your opportunity! We present you an exceptional house to reform... Read More
Last updated: 23/09/2025
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