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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.
Discover Residencial Cala Bona, a unique opportunity to enjoy a home in one of Mallorca's most desirable locations. Construction will begin in the second quarter of 2025. Located just 850 meters... Read More
Discover this historic house (1890) located in the heart of Sa Pobla, ideal for transforming and making your dreams a reality. With a sustainable design, it already has an approved building permit,... Read More
Adapted housing with assisted living services Ideal for seniors, people with reduced mobility, or those requiring support High profitability – Ready to rent Location: Camp Redó – Palma de... 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
Discover this wonderful investment opportunity or residence in one of the most coveted residential complexes in the area. This stunning two-bedroom apartment offers an exclusive lifestyle with all... Read More
Renovation Project in Vilafranca: Historic House with Garden. Are you looking for a property with soul to transform? This 1900 town house is the perfect canvas. Located on one of Vilafranca's... Read More
This well-kept apartment on the mezzanine floor is located in a quiet area of Cales de Mallorca and offers an ideal combination of functionality, Mediterranean flair and relaxation on approx. 30 m².... Read More
Ground-floor apartment with 2 bedrooms and interior terrace in Son Gotleu, Palma. Ground-floor apartment for sale with a surface area of 42 m2, very well distributed. The property features two... 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
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
Last updated: 23/09/2025
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