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Iris Gruenewald

Foreign buyers choose property in Palma when buying in Mallorca

The Times recently published an article about foreign buyers choosing Palma de Mallorca. Palma is receiving international attention for its booming real estate scene. Historic palaces and old town apartments are being transformed and refurbished by the dozen. Palma is entering a new era, offering historic charm with modern Scandinavian style interiors. Interest for property in Palma is sparked by the city’s seaside location, yacht marinas, boutiques, restaurants and architecture.

What makes Palma de Mallorca property so attractive?

Back in 2015, Palma de Mallorca won the title for best place to live in the world. Today, the capital of the Balearics has all the makings of a cosmopolitan city. Palma offers its foreign residents much more than just sand and sangria. The city is a smaller, laid-back and high-end version of Barcelona; full of art galleries, elegant cafes, and historic value. Due to all these reasons and more, foreign investors are looking for property in Palma, especially in the old town with sea views.

Explore property for sale in Palma

The city of Palma offers more than just its charming old town. Venture out of the old town of Palma to discover areas such as trendy Santa Catalina, rustic Génova, luxurious Son Vida, historic El Terreno and the seaside fishing village of El Molinar. Palma de Mallorca offers foreign buyers a laid-back, Mediterranean lifestyle, set amidst historic charm and attractive new amenities. Explore real estate in Mallorca and find the perfect property in Palma with Balearic Properties.

Palma Old Town

Discover real estate in Palma old town

Calatrava, next to the cathedral, offers sea view apartments overlooking Parc de la Mar. Further up, you can find elegant old town apartments around Plaça de Cort and Plaza Mayor. La Missió is another vibrant old town neighbourhood, right next to the famous Mercat de l’Olivar. Other desirable old town neighbourhoods include Sant Jaume and La Lonja, with a great selection of luxury apartments and historic properties right next to the iconic Passeig del Born and Jaume III.

Advice for foreign buyers looking to buy property in Palma

Thousand of international expats choose to live the good life on the island of Mallorca, and for good reason. If you’re looking to buy property in Palma, one of the most important documents for foreign buyers is the NIE (Número de identidad de extranjero) foreign identity number. Foreign buyers will need this number in order to purchase property in Spain. The NIE document is also used for a number of other procedures in Spain, and it has the same value as an identity card.

Watch this video to see why property in Palma old town is so in demand


Without a doubt, the old town of Palma has captured the attention and hearts of many foreigners looking to settle on the island of Mallorca. Many buyers dream of living the authentic, local way of life, choosing the city of Palma as their home when relocating to Mallorca. The streets of Palma old town, its colourful facades and luscious green parks will seduce your senses and have you dreaming and searching for real estate in Palma in no time.

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