Palma Real Estate Market
Friday, October 3rd, 2008Properties in Palma Center
Since year 2000 there has been a large number of buildings being renovated in the old part, the famous Santa Catalina square or La Calatrava have been the places of major interest in old town. Palace Properties at the front behind the cathedral has rised the value in the last 5 years 400 %. Now you can still find bargains but for a really exclusive apartment the prices are no less than 6000 Euros / m2
Palma is by far the biggest settlement in the Balearics, and a truly cosmopolitan city that makes few concessions to the tourist industry.The Old Town Palma is in a seaside location, a labyrinthine old town with notable gothic architecture, restaurants and bars of character, stylish shops, galleries and museums, markets and incredible manor building hided in the narrow streets.
The rambling old town is a rare exception. This scrubbed-up tangle of streets, lined by grand, patrician mansions and specked with shady cafĂ©-filled squares, makes for rewarding wandering. The excellent Museu de Mallorca provides an insight into the island’s rich prehistory. Palma’s other key sight, the unusual circular Castell de Bellver sits on a hill overlooking the city.
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