Sorello Guides

Marratxí rents: the declared figures

At 9,09 €/m², Marratxí is an expensive rental market by Spanish standards. 534 declared leases stand behind it, a base thin enough that a few unusual contracts move it. It is 21,7 % above the reference of five years earlier.

Rents declared on income-tax returns for main-residence leases, not asking prices. They lag the market and exclude holiday lets.

Put beside its neighbours

Compared with the rest of Illes Balears in this guide, it sits fourth highest on median declared monthly rent.

Measured against the whole batch, that reference rent per square metre sits in the band just inside the top fifth.

Of the Illes Balears municipalities covered here, this one comes second highest on median floor area of a let flat.

In context

Across the country, the upper-quartile rent per square metre here belongs to the seventeenth twentieth from the bottom.

On lower-quartile rent per square metre it is the sixth lowest of the Illes Balears municipalities this guide covers.

Over the whole guide, the share of dwellings that are not a main residence recorded here falls within the band just above the bottom quarter.

Against the rest of the province

Compared with the rest of Illes Balears in this guide, it sits lowest on number of declared leases.

Country-wide, that five-year change in the reference rent is one of the band just below the middle.

Line the Illes Balears municipalities in this guide up by population and this one is the seventh lowest.

How much of the stock is rented

Only 16,14 % of Marratxí dwellings are not a main home, so almost nothing is competing with long leases.

The census publishes tenure only for the larger municipalities and the provincial capitals, so no rented share is available for Marratxí.

The reference figures

7,24 €/m² to 11,23 €/m² covers the middle half of declared leases in Marratxí — ordinary dispersion.

A quote above 11,23 €/m² needs a reason you can point at; one below 7,24 €/m² needs a survey.

Declared rents for flats: rent per square metre a month, unless stated
MeasureValue
Lower quartile7,24 €/m²
Median9,09 €/m²
Upper quartile11,23 €/m²
Median monthly rent800,00 €
Median floor area94 m²

What the reference says a flat should cost

The median declared lease in Marratxí costs 800,00 € a month.

Marratxí flats run large: the median declared area is 94 m².

What the reference implies for a flat of a given size, per month
Floor areaAt the lower quartileAt the medianAt the upper quartile
55 m²398 €500 €618 €
75 m²543 €682 €842 €
100 m²724 €909 €1.123 €

The floor areas are round illustrative sizes used to show the arithmetic, not measurements of any particular flat.

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