6.2% Gross rental yield6.2% Gross rental yieldBotanic Grove in Palma, Illes Balears. 1-bed apartments, 54 m², 6.2% gross yield. New-build property by the sea in Spain — €451,000.
This new-build is in Palma, Illes Balears (Mallorca). The nearest airport is PMI, convenient for lettings and personal visits. Strong local infrastructure, beaches and tourist demand support steady occupancy.
Buying in Palma de Mallorca means entering the capital of the Balearic Islands: the Gothic La Seu cathedral over the bay, an old town of patios, and one of the Mediterranean’s most prestigious property markets. The selection holds 6 new-builds, mostly apartments.
An international airport with direct flights across Europe (especially from Germany), a large port with cruises and yachts, the old town, the Son Vida golf courses and full urban infrastructure make Palma a year-round, not resort, market.
New-build in Palma →Estimated gross rental yield is 6.2%. This is an off-plan unit: pay in stages during construction, completion 2026 Q3. Buy at today’s price and complete at market value.
Worked through on this property’s real numbers: price €451,000, estimated gross yield 6.2%.
Net estimate: ~30% deducted from gross rent for non-resident tax, vacancy and management. A guide, not a guarantee.
Pre-filled with a €451,000 price and a 35% deposit. Adjust the inputs to your situation.
Loan €293,150 with a €157,850 deposit.
Indicative. Excludes bank arrangement fees, valuation and mandatory insurance. Confirm terms with the bank.
On top of the price, budget 10–14% for taxes and fees: VAT or transfer tax, notary, registry, lawyer. For €451,000 that is roughly €45,100–€63,140.
Get an exact figure in the costs calculator →
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Off-plan · 2027 Q46.2% yieldUnder construction · 2026 Q26.2% yieldUnder construction · 2026 Q36.2% yield