Over 9,000 owners with more than ten properties
According to the Land Registry (Dirección General del Catastro), there are 9,272 owners in the Balearics with more than ten properties, a figure which places the islands in the middle of the ranking of Spanish regions.
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So the way this reads is that there are over 25,000 properties owned by 502 entities - people or banks etc. - and approximately 100,000 properties are owned 7,687 entities. No wonder rent prices are high. Considering the population of approx 900,000 people that is enough housing for almost the entirety of the islands population. Go figure.