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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.
The apartment is located on the third floor of an apartment building. The living space of around 48 m² comprises a light-flooded living and dining area, a separate, spacious bedroom, a daylight... Read More
This cozy studio with approx. 31 m² of living space is located in a well-kept residential complex in Cales de Mallorca - a touristy coastal town on the island. The apartment is on a higher floor and... Read More
Mill in Felanitx to be completely reformed. The entrance of the house is characterized by a large old wooden door and a side stone wall. Distributed on 2 levels with: a living room with fireplace, a... Read More
Floor 2nd, flat total surface area 74 m², usable floor area 65 m², single bedrooms: 1, double bedrooms: 1, 1 bathrooms, air conditioning (hot and cold), age between 10 and 20 years, built-in... 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
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
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
We present this excellent real estate opportunity for investors, located in the sought-after area of El Fortí, close to Avenida Argentina, in Palma de Mallorca. The property has a built area of 50... Read More
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
An excellent patrimonial investment opportunity is offered through the sale of 50% of the bare ownership (nuda propiedad) of a spacious residential property located on Isidoro Antillón Street,... Read More
Last updated: 23/09/2025
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