
The spokeswoman for a local emergency services coordinator confirmed: "Five people including two British nationals have died".
It is understood at least 10 people have been tragically killed after muddy water engulfed the town of Sant Llorenç des Cardassar when a river burst its banks.
A Foreign Office spokesman said: "We are supporting the family of two British people following their deaths in Spain, and will do all we can to assist them at this deeply hard time".
Footage broadcast of the floods showed cars being swept away by the rampaging flood waters and many people remain trapped in their homes following the heavy rain which hit the region.
The two British victims, believed to be a couple, were reportedly in a taxi when they were caught in a flash flood. "We had to swim to try to survive".
Madrid deployed military units to the Balearic Island to assist emergency workers as they searched for missing persons and cleared the streets of debris.
Image Heavy rain and flash floods hit Sant Llorenc de Cardassar on the island of Mallorca Spain
Two more local people were killed in the town, along with a further victim, who died in the town of S'illot.
The weather agency, AEMET, said more heavy rainfall is expected Wednesday in eastern and southern parts of the Iberian peninsula.
"My solidarity and support goes out to the families and friends of victims and all those affected by these tragic floods", said Sanchez.
A spokesperson for his office says he will visit the areas affected by flooding later on Wednesday.
Spanish lawmakers held a minute's silence before opening Sanchez's weekly question time. Streets in towns near Malaga on the Costa del Sol experienced flood water which was several feet deep.
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