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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.
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
A fantastic opportunity to own a studio apartment in Alcudia, offering easy, low-maintenance living in a well-established community with a communal swimming pool and lift. The apartment has been... Read More
Ground floor for sale in Manacor, currently registered as a local, but ready to become your next home (change of use possible). On the ground floor you have the open kitchen and a cosy living room,... Read More
Not available for viewing – sale of 50% of the bare ownership A 50% share of the bare ownership of a spacious residential property is offered, located on Isidoro Antillón Street, within a well... Read More
This 823 m² property in Felanitx offers more than you would expect at first glance—and that is rare in Mallorca. The 133 m² hall is not just a warehouse. It already has everything you need: a... Read More
Studio apartment in the heart of Cala d'Or This studio apartment on the first and top floor is the perfect lock-up-and-go property, fully refurbished and very easy to maintain. Ideal for a couple... Read More
Attention investors. Rented property. Sale without possession. Fantastic apartment in perfect condition, located on the first floor of a building with an elevator on Calle Lleida in Manacor. The 89... 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
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
Studio in Cales de Mallorca – This light-filled studio on the 4th floor offers a winning combination of Mediterranean living comfort, stunning ocean views, and an attractive location on the popular... Read More
Last updated: 23/09/2025
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