Majorca Daily Bulletin • 6/20/2026
A single person in Spain needs to earn 21,000 euros net per year to buy a studio flat or 44,000 euros if they want to rent one in Palma
. Among the provinces, the Balearics require the highest net salary to rent a studio flat, at 31,920 euros, not to mention the need to provide a 30 per cent deposit
With this net income, a single person could cover the 523 euros needed to pay the mortgage instalment on an average studio flat in Spain, which costs 159,000 euros. In addition to meeting this instalment, they would need to provide a total of 47,700 ... [1897 chars]
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