{"id":176,"date":"2026-03-11T12:03:11","date_gmt":"2026-03-11T12:03:11","guid":{"rendered":"https:\/\/www.balearic-properties.com\/living\/?p=176"},"modified":"2026-11-01T08:15:21","modified_gmt":"2026-11-01T08:15:21","slug":"living-in-palma-de-mallorca-area-guide","status":"publish","type":"post","link":"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/","title":{"rendered":"Living in Palma de Mallorca: Neighbourhoods and Property Prices"},"content":{"rendered":" <style> .pe-glance{background:#f3f7f6;border-radius:10px;padding:26px 30px;margin:34px 0} .pe-glance h2{margin:0 0 14px;font-size:.95rem;letter-spacing:.14em;text-transform:uppercase;font-weight:400} .pe-glance dl{margin:0;display:grid;grid-template-columns:repeat(auto-fit,minmax(250px,1fr));gap:14px 36px} .pe-glance dt{font-size:.78rem;letter-spacing:.08em;text-transform:uppercase;color:#ea5b0b;margin:0} .pe-glance dd{margin:2px 0 0;font-size:1rem} .pe-aside{border-left:2px solid #e3a98c;padding:2px 0 2px 18px;margin:26px 0;font-style:italic} .pe-table{width:100%;border-collapse:collapse;margin:18px 0} .pe-table td{padding:10px 6px;border-bottom:1px solid #dfe7e5;vertical-align:top} .pe-table td:first-child{width:32%;color:#ea5b0b;font-weight:600} .pe-cta{background:#f3f7f6;border-radius:10px;padding:28px 30px;margin:36px 0} .pe-img img{border-radius:8px} .pe-small{font-size:.88rem;color:#6b6b6b} .pe-prop{display:flex;flex-wrap:wrap;background:#f3f7f6;border-radius:12px;overflow:hidden;margin:36px 0 12px}.pe-prop-img{flex:1 1 280px;min-height:240px;background-size:cover;background-position:center}.pe-prop-txt{flex:1 1 320px;padding:30px 32px;display:flex;flex-direction:column;justify-content:center}.pe-prop-lbl{font-size:.78rem;letter-spacing:.14em;text-transform:uppercase;color:#ea5b0b;margin:0 0 6px}.pe-prop-txt h3{margin:0 0 10px}.pe-prop-txt p{margin:0 0 16px}.pe-prop-btn{font-weight:600;align-self:flex-start;display:inline-block;padding:11px 24px;border-radius:999px;background:#ea5b0b;color:#fff!important;text-decoration:none}.pe-prop-links{font-size:.88rem;color:#6b6b6b;margin:0 0 24px}.is-provider-youtube{margin:0 0 44px} .pe-stats{display:grid;grid-template-columns:repeat(auto-fit,minmax(160px,1fr));gap:12px;margin:24px 0} .pe-stat{background:#f3f7f6;border-radius:10px;padding:18px 20px} .pe-stat .k{display:block;font-size:.72rem;letter-spacing:.12em;text-transform:uppercase;color:#ea5b0b;margin:0 0 6px;font-weight:600} .pe-stat .v{display:block;font-size:1.6rem;line-height:1.1;font-weight:600;color:#333;font-variant-numeric:tabular-nums} .pe-stat .s{display:block;font-size:.82rem;color:#6b6b6b;margin-top:6px;line-height:1.4} .pe-chart{position:relative;margin:26px 0 8px} .pe-chart h3{margin:0 0 4px;font-size:1.05rem} .pe-chart svg{width:100%;height:auto;display:block;overflow:visible} .pe-chart .gl{stroke:#e6ecea;stroke-width:1} .pe-chart .ax{font:12px\/1 sans-serif;fill:#6b6b6b;font-variant-numeric:tabular-nums} .pe-chart .ln{fill:none;stroke:#ea5b0b;stroke-width:2;stroke-linejoin:round;stroke-linecap:round} .pe-chart .lb{font:600 12px\/1 sans-serif;fill:#333} .pe-chart .hv{opacity:0;pointer-events:none} .pe-chart.on .hv{opacity:1} .pe-tip{position:absolute;pointer-events:none;background:#333;color:#fff;font:13px\/1.35 sans-serif;padding:7px 10px;border-radius:6px;white-space:nowrap;transform:translate(-50%,-115%);opacity:0;transition:opacity .1s} .pe-tip.on{opacity:1} .pe-data{margin:10px 0 0} .pe-data summary{cursor:pointer;font-size:.88rem;color:#ea5b0b} .pe-data table{font-size:.88rem} .pe-hood{width:100%;border-collapse:collapse;margin:18px 0;font-variant-numeric:tabular-nums} .pe-hood th{font-size:.72rem;letter-spacing:.08em;text-transform:uppercase;color:#6b6b6b;font-weight:600;text-align:right;padding:8px 6px;border-bottom:2px solid #dfe7e5} .pe-hood th:first-child,.pe-hood td:first-child{text-align:left} .pe-hood td{padding:10px 6px;border-bottom:1px solid #dfe7e5;text-align:right} .pe-hood td:first-child{font-weight:600} .pe-hood .bar{display:block;height:6px;border-radius:0 3px 3px 0;background:#ea5b0b;margin-top:6px} .pe-hood tr.ref td{color:#6b6b6b;font-weight:400} .pe-hood tr.ref .bar{background:#c9d3d0} .pe-scroll{overflow-x:auto} .pe-fig{display:inline-block;font-size:.85rem;background:#f3f7f6;border-radius:999px;padding:4px 12px;margin:0 0 12px;color:#333} .pe-fig b{color:#ea5b0b} .pe-source{font-size:.82rem;color:#6b6b6b;margin:8px 0 26px} @media(max-width:600px){.pe-chart .ax,.pe-chart .lb{font-size:20px}} <\/style>   <p class=\"wp-block-paragraph\">Over the past decade, <strong>Palma has become one of Europe\u2019s most sought-after cities to live in<\/strong>. The Mallorcan capital pairs a historic Mediterranean centre with a cosmopolitan cultural scene, and it does so on a human scale: the Gothic cathedral stands next to the sea, a modern marina runs along the bay, and most of daily life happens within a short walk, cycle or drive.<\/p>   <p class=\"wp-block-paragraph\">For international buyers, remote professionals and families relocating to the island, the appeal is the balance. Centuries-old architecture, theatres, galleries, markets, international restaurants and caf\u00e9s all sit close to the city beaches, and the Serra de Tramuntana is a short drive away.<\/p>   <div class=\"pe-glance\"><h2>Palma at a glance<\/h2><dl><div><dt>Where<\/dt><dd>Capital of Mallorca, on the Bay of Palma<\/dd><\/div><div><dt>From Palma Airport<\/dt><dd>Around 15 minutes by car to the centre<\/dd><\/div><div><dt>Flights<\/dt><dd>Direct to the main European capitals; seasonal routes to New York (Newark) and Abu Dhabi<\/dd><\/div><div><dt>Apartment asking price<\/dt><dd><strong>\u20ac5,838 per m\u00b2<\/strong> on average, September 2026<\/dd><\/div><div><dt>Price trend<\/dt><dd><strong>+18.7%<\/strong> since November 2023; +4.1% in the last year<\/dd><\/div><div><dt>Time to sell an apartment<\/dt><dd>Around <strong>72 days<\/strong> on the market on average<\/dd><\/div><\/dl><\/div>   <h2 class=\"wp-block-heading\">Why Palma appeals to international buyers<\/h2>   <p class=\"wp-block-paragraph\">Shopping in Palma mixes international luxury brands, Spanish high-street names and independent boutiques in the narrow streets of the Old Town, alongside local artisan shops. <strong>Passeig del Born<\/strong> and <strong>Avinguda Jaume III<\/strong> are the main upmarket shopping streets, and El Corte Ingl\u00e9s has two department stores in the city, one on the Avingudes and a smaller one on Jaume III.<\/p>   <p class=\"wp-block-paragraph\">Access is a big part of the case. <a href=\"https:\/\/www.aena.es\/en\/palma-de-mallorca.html\" target=\"_blank\" rel=\"noreferrer noopener\">Palma airport<\/a> is around 15 minutes by car from the city centre and has direct flights to the main European capitals, including London, Paris, Berlin and Madrid. Long-haul options have grown too: United has operated a seasonal route to New York (Newark) since 2022, and in summer 2026 Etihad added a seasonal direct service to Abu Dhabi.<\/p>   <p class=\"wp-block-paragraph\">That connectivity, combined with the Mediterranean lifestyle, has drawn a growing international community, and demand covers everything from city apartments to <a href=\"https:\/\/www.balearic-properties.com\/frontline-properties.html\">sea-view properties<\/a>, <a href=\"https:\/\/www.balearic-properties.com\/mallorca\/townhouses-for-sale.html\">classic townhouses<\/a> and <a href=\"https:\/\/www.balearic-properties.com\/mallorca\/villas-for-sale.html\">luxury villas<\/a>.<\/p>   <h2 class=\"wp-block-heading\">Palma\u2019s property market in numbers<\/h2>   <p class=\"wp-block-paragraph\">The average asking price for an apartment in Palma rose by <strong>18.7% between November 2023 and September 2026<\/strong>, from \u20ac4,918 to \u20ac5,838 per square metre. Prices were flat through the winter of 2023\u201324, climbed almost every month from spring 2024 to a peak of \u20ac5,942 per m\u00b2 in May 2026, and have eased slightly since.<\/p>   <div class=\"pe-stats\"><div class=\"pe-stat\"><span class=\"k\">Apartments, sale<\/span><span class=\"v\">\u20ac5,838\/m\u00b2<\/span><span class=\"s\">Average asking price, Sep 2026<\/span><\/div><div class=\"pe-stat\"><span class=\"k\">Since Nov 2023<\/span><span class=\"v\">+18.7%<\/span><span class=\"s\">From \u20ac4,918\/m\u00b2<\/span><\/div><div class=\"pe-stat\"><span class=\"k\">Last 12 months<\/span><span class=\"v\">+4.1%<\/span><span class=\"s\">Year on year, Sep 2026<\/span><\/div><div class=\"pe-stat\"><span class=\"k\">Time on market<\/span><span class=\"v\">72 days<\/span><span class=\"s\">Average for apartments listed since Oct 2025<\/span><\/div><\/div> <figure class=\"pe-chart\" id=\"pe-chart\"><h3>Average asking price of apartments in Palma, \u20ac per m\u00b2<\/h3><p class=\"pe-small\">Monthly, November 2023 to September 2026. Hover or tap the line to read each month.<\/p> <svg viewBox=\"0 0 720 270\" role=\"img\" aria-labelledby=\"pe-chart-desc\"><desc id=\"pe-chart-desc\">Line chart. The average asking price of apartments for sale in Palma de Mallorca went from 4,918 euros per square metre in November 2023 to a low of 4,884 in February 2024, rose steadily to a peak of 5,942 in May 2026 and stood at 5,838 in September 2026.<\/desc> <g><line class=\"gl\" x1=\"56\" x2=\"700\" y1=\"236\" y2=\"236\"\/><line class=\"gl\" x1=\"56\" x2=\"700\" y1=\"183\" y2=\"183\"\/><line class=\"gl\" x1=\"56\" x2=\"700\" y1=\"130\" y2=\"130\"\/><line class=\"gl\" x1=\"56\" x2=\"700\" y1=\"77\" y2=\"77\"\/><line class=\"gl\" x1=\"56\" x2=\"700\" y1=\"24\" y2=\"24\"\/><\/g> <g class=\"ax\" text-anchor=\"end\"><text x=\"48\" y=\"240\">4,800<\/text><text x=\"48\" y=\"187\">5,100<\/text><text x=\"48\" y=\"134\">5,400<\/text><text x=\"48\" y=\"81\">5,700<\/text><text x=\"48\" y=\"28\">6,000<\/text><\/g> <g class=\"ax\" text-anchor=\"middle\"><text x=\"56\" y=\"258\">Nov 2023<\/text><text x=\"264.4\" y=\"258\">Oct 2024<\/text><text x=\"491.6\" y=\"258\">Oct 2025<\/text><text x=\"700\" y=\"258\">Sep 2026<\/text><\/g> <polyline class=\"ln\" points=\"56.0,215.1 74.9,203.4 93.9,215.9 112.8,221.2 131.8,212.9 150.7,200.8 169.6,211.5 188.6,194.5 207.5,187.2 226.5,176.2 245.4,173.1 264.4,172.6 283.3,159.3 302.2,146.2 321.2,147.8 340.1,142.4 359.1,142.4 378.0,134.2 396.9,116.1 415.9,114.8 434.8,101.1 453.8,88.2 472.7,93.5 491.6,86.0 510.6,83.7 529.5,79.0 548.5,73.6 567.4,66.8 586.4,60.7 605.3,48.7 624.2,34.3 643.2,40.7 662.1,47.2 681.1,41.7 700.0,52.7\"\/> <circle cx=\"112.8\" cy=\"221.2\" r=\"4\" fill=\"#ea5b0b\" stroke=\"#fff\" stroke-width=\"2\"\/><text class=\"lb\" x=\"112.8\" y=\"210\" text-anchor=\"middle\">Low \u20ac4,884<\/text> <circle cx=\"624.2\" cy=\"34.3\" r=\"4\" fill=\"#ea5b0b\" stroke=\"#fff\" stroke-width=\"2\"\/><text class=\"lb\" x=\"600\" y=\"20\" text-anchor=\"end\">Peak \u20ac5,942 (May 2026)<\/text> <circle cx=\"700\" cy=\"52.7\" r=\"4\" fill=\"#ea5b0b\" stroke=\"#fff\" stroke-width=\"2\"\/> <g class=\"hv\"><line id=\"pe-hl\" x1=\"0\" x2=\"0\" y1=\"24\" y2=\"236\" stroke=\"#9aa5a2\" stroke-width=\"1\" stroke-dasharray=\"3 3\"\/><circle id=\"pe-hd\" r=\"5\" fill=\"#ea5b0b\" stroke=\"#fff\" stroke-width=\"2\"\/><\/g> <rect id=\"pe-hit\" x=\"46\" y=\"14\" width=\"664\" height=\"232\" fill=\"transparent\"\/> <\/svg><div class=\"pe-tip\" id=\"pe-tip\"><\/div> <details class=\"pe-data\"><summary>Show the monthly figures<\/summary><div class=\"pe-scroll\"><table class=\"pe-table\"><tbody><tr><td>Nov 2023<\/td><td>\u20ac4,918<\/td><\/tr><tr><td>Feb 2024<\/td><td>\u20ac4,884<\/td><\/tr><tr><td>May 2024<\/td><td>\u20ac4,939<\/td><\/tr><tr><td>Aug 2024<\/td><td>\u20ac5,138<\/td><\/tr><tr><td>Nov 2024<\/td><td>\u20ac5,234<\/td><\/tr><tr><td>Feb 2025<\/td><td>\u20ac5,330<\/td><\/tr><tr><td>May 2025<\/td><td>\u20ac5,479<\/td><\/tr><tr><td>Aug 2025<\/td><td>\u20ac5,637<\/td><\/tr><tr><td>Nov 2025<\/td><td>\u20ac5,662<\/td><\/tr><tr><td>Feb 2026<\/td><td>\u20ac5,758<\/td><\/tr><tr><td>May 2026<\/td><td>\u20ac5,942<\/td><\/tr><tr><td>Aug 2026<\/td><td>\u20ac5,900<\/td><\/tr><tr><td>Sep 2026<\/td><td>\u20ac5,838<\/td><\/tr><\/tbody><\/table><\/div><\/details> <\/figure> <p class=\"pe-source\">Source: Casafari Area Insights, average asking price per m\u00b2 of apartments for sale in the municipality of Palma de Mallorca, outliers excluded. Data retrieved 30 October 2026.<\/p> <script>(function(){var r=document.getElementById(\"pe-chart\");if(!r||r.dataset.ready)return;r.dataset.ready=\"1\"; var V=[4918,4985,4914,4884,4931,4999,4939,5035,5076,5138,5156,5159,5234,5308,5299,5330,5330,5376,5479,5486,5563,5637,5606,5649,5662,5689,5719,5758,5792,5860,5942,5905,5868,5900,5838]; var M=[\"Jan\",\"Feb\",\"Mar\",\"Apr\",\"May\",\"Jun\",\"Jul\",\"Aug\",\"Sep\",\"Oct\",\"Nov\",\"Dec\"]; var svg=r.querySelector(\"svg\"),hit=document.getElementById(\"pe-hit\"),tip=document.getElementById(\"pe-tip\"),hl=document.getElementById(\"pe-hl\"),hd=document.getElementById(\"pe-hd\"); function X(i){return 56+i*644\/(V.length-1)}function Y(v){return 236-(v-4800)\/1200*212} function show(e){var p=svg.createSVGPoint();var t=e.touches?e.touches[0]:e;p.x=t.clientX;p.y=t.clientY;var q=p.matrixTransform(svg.getScreenCTM().inverse()); var i=Math.max(0,Math.min(V.length-1,Math.round((q.x-56)\/(644\/(V.length-1)))));var m=(10+i)%12,y=2023+Math.floor((10+i)\/12); hl.setAttribute(\"x1\",X(i));hl.setAttribute(\"x2\",X(i));hd.setAttribute(\"cx\",X(i));hd.setAttribute(\"cy\",Y(V[i]));r.classList.add(\"on\"); var b=svg.getBoundingClientRect(),rb=r.getBoundingClientRect(),s=b.width\/720;tip.style.left=(b.left-rb.left+X(i)*s)+\"px\";tip.style.top=(b.top-rb.top+Y(V[i])*s)+\"px\"; tip.textContent=M[m]+\" \"+y+\": \u20ac\"+V[i].toLocaleString(\"en-GB\")+\" per m\u00b2\";var tw=tip.offsetWidth\/2,tl=parseFloat(tip.style.left);tip.style.left=Math.max(tw,Math.min(rb.width-tw,tl))+\"px\";tip.classList.add(\"on\")} function hide(){r.classList.remove(\"on\");tip.classList.remove(\"on\")} hit.addEventListener(\"mousemove\",show);hit.addEventListener(\"touchstart\",show,{passive:true});hit.addEventListener(\"touchmove\",show,{passive:true});hit.addEventListener(\"mouseleave\",hide)})();<\/script>   <h3 class=\"wp-block-heading\">Prices by neighbourhood<\/h3>   <p class=\"wp-block-paragraph\">Within the city the gap is wide. Apartments in <strong>Portixol\u2013El Molinar<\/strong> and <strong>Son Vida<\/strong> are listed at more than \u20ac8,000 per m\u00b2, roughly twice the level of more local districts such as Llevant\u2013La Soledat or Rafal. The Old Town, G\u00e9nova and the Santa Catalina area sit in between, at \u20ac6,600 to \u20ac7,600 per m\u00b2.<\/p>   <div class=\"pe-scroll\"><table class=\"pe-hood\"><thead><tr><th>Area<\/th><th>Apartments, \u20ac\/m\u00b2<\/th><th>Houses, \u20ac\/m\u00b2<\/th><th>Rent, \u20ac\/m\u00b2 a month<\/th><th>Gross yield*<\/th><\/tr><\/thead><tbody> <tr><td>Portixol \u2013 El Molinar<span class=\"bar\" style=\"width:100%\"><\/span><\/td><td>8,160<\/td><td>10,063<\/td><td>22<\/td><td>3.2%<\/td><\/tr> <tr><td>Son Vida<span class=\"bar\" style=\"width:100%\"><\/span><\/td><td>8,201<\/td><td>9,116<\/td><td>21<\/td><td>3.1%<\/td><\/tr> <tr><td>Old Town (Ciutat Antiga)<span class=\"bar\" style=\"width:92%\"><\/span><\/td><td>7,568<\/td><td>8,612<\/td><td>22<\/td><td>3.5%<\/td><\/tr> <tr><td>G\u00e9nova \u2013 Bonanova \u2013 Sant Agust\u00ed<span class=\"bar\" style=\"width:91%\"><\/span><\/td><td>7,470<\/td><td>7,292<\/td><td>24<\/td><td>3.9%<\/td><\/tr> <tr><td>Santa Catalina \u2013 Son Armadans \u2013 El Terreno<span class=\"bar\" style=\"width:80%\"><\/span><\/td><td>6,594<\/td><td>7,808<\/td><td>21<\/td><td>3.8%<\/td><\/tr> <tr class=\"ref\"><td>Playa de Palma<span class=\"bar\" style=\"width:65%\"><\/span><\/td><td>5,360<\/td><td>5,420<\/td><td>22<\/td><td>4.9%<\/td><\/tr> <tr class=\"ref\"><td>Las Avenidas<span class=\"bar\" style=\"width:53%\"><\/span><\/td><td>4,370<\/td><td>5,048<\/td><td>18<\/td><td>4.9%<\/td><\/tr> <tr class=\"ref\"><td>Llevant \u2013 La Soledat<span class=\"bar\" style=\"width:48%\"><\/span><\/td><td>3,960<\/td><td>3,360<\/td><td>20<\/td><td>6.1%<\/td><\/tr> <\/tbody><\/table><\/div> <p class=\"pe-source\">Average asking prices of active listings, October 2026. Source: Casafari Area Insights, using Casafari\u2019s area boundaries, which group several neighbourhoods together. *Indicative gross yield for apartments: twelve months of asking rent divided by the asking sale price, both per m\u00b2, before costs, taxes and empty periods.<\/p>   <h3 class=\"wp-block-heading\">How long homes take to sell<\/h3>   <p class=\"wp-block-paragraph\">Apartments listed in Palma since October 2025 have stayed on the market for an average of <strong>72 days<\/strong>. Cheaper homes move fastest, and time on the market lengthens as prices rise.<\/p>   <table class=\"pe-table\"><tbody><tr><td>Up to \u20ac300,000<\/td><td>around 55 days (1,099 listings)<\/td><\/tr><tr><td>\u20ac300,000 to \u20ac500,000<\/td><td>around 72 days (1,887 listings)<\/td><\/tr><tr><td>\u20ac500,000 to \u20ac1 million<\/td><td>around 89 days (811 listings)<\/td><\/tr><tr><td>Over \u20ac1 million<\/td><td>around 100 days (256 listings)<\/td><\/tr><\/tbody><\/table> <p class=\"pe-aside\">A note on these figures: they are asking prices, not the prices homes finally sell for, and time on the market is measured from when a listing appears to when it is withdrawn. Treat them as a guide to the market, not as a valuation of any particular home.<\/p>   <h2 class=\"wp-block-heading\">Understanding Palma\u2019s neighbourhoods<\/h2>   <figure class=\"wp-block-image size-large pe-img\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"684\" src=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-old-town-mallorca-1024x684.jpg\" alt=\"Palma Old Town rooftops in Mallorca\" class=\"wp-image-242\" srcset=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-old-town-mallorca-1024x684.jpg 1024w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-old-town-mallorca-300x200.jpg 300w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-old-town-mallorca-768x513.jpg 768w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-old-town-mallorca.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Rooftops of Palma Old Town.<\/figcaption><\/figure>   <figure class=\"wp-block-image size-large pe-img\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"583\" src=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-mallorca-1024x583.jpg\" alt=\"Palma Cathedral in Mallorca\" class=\"wp-image-243\" srcset=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-mallorca-1024x583.jpg 1024w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-mallorca-300x171.jpg 300w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-mallorca-768x437.jpg 768w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-mallorca.jpg 1198w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Palma Cathedral, La Seu.<\/figcaption><\/figure>   <p class=\"wp-block-paragraph\">Despite its relatively compact size, Palma offers a real variety of places to live. Broadly, the city divides into historic districts, lively neighbourhoods known for restaurants and culture, seafront areas built around the beach and the marina, quieter residential districts popular with families, and exclusive hillside areas known for villas and panoramic views. Each offers a very different experience of the city.<\/p>   <h3 class=\"wp-block-heading\">The Old Town (Casco Antiguo): historic elegance<\/h3>   <p class=\"pe-fig\">Apartments <b>\u20ac7,568\/m\u00b2<\/b> \u00b7 Houses <b>\u20ac8,612\/m\u00b2<\/b><\/p>   <figure class=\"wp-block-image size-large pe-img\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-sea-views-mallorca-1024x683.jpg\" alt=\"Palma Cathedral viewed from the sea\" class=\"wp-image-245\" srcset=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-sea-views-mallorca-1024x683.jpg 1024w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-sea-views-mallorca-300x200.jpg 300w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-sea-views-mallorca-768x512.jpg 768w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-sea-views-mallorca-1536x1024.jpg 1536w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-sea-views-mallorca.jpg 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">The cathedral seen from the bay.<\/figcaption><\/figure>   <figure class=\"wp-block-image size-large pe-img\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"714\" src=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/courtyard-palma-old-town-mallorca-1024x714.jpg\" alt=\"Historic courtyard in Palma Old Town\" class=\"wp-image-244\" srcset=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/courtyard-palma-old-town-mallorca-1024x714.jpg 1024w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/courtyard-palma-old-town-mallorca-300x209.jpg 300w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/courtyard-palma-old-town-mallorca-768x536.jpg 768w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/courtyard-palma-old-town-mallorca-1536x1071.jpg 1536w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/courtyard-palma-old-town-mallorca.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">A historic courtyard in Palma Old Town.<\/figcaption><\/figure>   <p class=\"wp-block-paragraph\">At the heart of the city lies the <strong>Casco Antiguo<\/strong>, Palma\u2019s historic Old Town and one of the most prestigious addresses in Mallorca. Narrow cobbled streets run between Gothic churches, caf\u00e9-lined squares, Renaissance palaces and restored townhouses. Many historic buildings have been converted into apartments that combine original features, such as grand entrance halls, vaulted ceilings and private courtyards, with modern interiors, and some have roof terraces looking over the cathedral.<\/p>   <figure class=\"wp-block-embed is-type-video is-provider-youtube\"><div style=\"position:relative;padding-bottom:56.25%;height:0;overflow:hidden;border-radius:8px;\"><iframe src=\"https:\/\/www.youtube.com\/embed\/1kHs9DrFClo\" title=\"Area guide: Palma Old Town lifestyle\" style=\"position:absolute;top:0;left:0;width:100%;height:100%;border:0;\" loading=\"lazy\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe><\/div><\/figure>   <p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.balearic-properties.com\/property-for-sale\/palma-old-town.html\">Living in Palma Old Town<\/a> means being surrounded by culture: La Seu Cathedral, galleries, boutique hotels and shopping streets such as Passeig del Born and Jaume III are all on the doorstep. The area attracts buyers looking for historic character and central convenience, and prices are among the highest in the city. For a closer look at daily life there, see our <a href=\"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-old-town\/\">guide to living in Palma Old Town<\/a>.<\/p>   <h3 class=\"wp-block-heading\">Santa Catalina: Palma\u2019s culinary and cultural hub<\/h3>   <p class=\"pe-fig\">Santa Catalina \u2013 Son Armadans area: apartments <b>\u20ac6,594\/m\u00b2<\/b> \u00b7 houses <b>\u20ac7,808\/m\u00b2<\/b><\/p>   <figure class=\"wp-block-image size-large pe-img\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1280\" src=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/08\/santa-catalina-market-inside.jpg\" alt=\"Santa Catalina market in Palma\" class=\"wp-image-846\" srcset=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/08\/santa-catalina-market-inside.jpg 1920w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/08\/santa-catalina-market-inside-300x200.jpg 300w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/08\/santa-catalina-market-inside-768x512.jpg 768w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/08\/santa-catalina-market-inside-1024x683.jpg 1024w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/08\/santa-catalina-market-inside-1536x1024.jpg 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><figcaption class=\"wp-element-caption\">Inside the Mercat de Santa Catalina.<\/figcaption><\/figure>   <p class=\"wp-block-paragraph\">If the Old Town is the soul of the city, Santa Catalina is its liveliest quarter. Just west of the Old Town, this former fishing district has become a busy, international neighbourhood known for its restaurants, caf\u00e9s, the Palma Sport &amp; Tennis Club and an active social scene.<\/p>   <p class=\"wp-block-paragraph\">At its centre is the <strong>Mercat de Santa Catalina<\/strong>, one of Palma\u2019s oldest food markets, where chefs and residents buy fresh fish, seasonal produce and Mallorcan specialities. Several of its bars serve tapas, and some will cook fish or seafood bought at the stalls for a small charge. Colourful houses, small balconies and traditional shutters give the streets their character, and many homes have been renovated in recent years while keeping the look of the neighbourhood. For buyers who want restaurants, bars and nightlife close by, <a href=\"https:\/\/www.balearic-properties.com\/property-for-sale\/santa-catalina.html\">Santa Catalina<\/a> is often considered one of the best areas to live in Palma.<\/p>   <h3 class=\"wp-block-heading\">Portixol and El Molinar: seafront living<\/h3>   <p class=\"pe-fig\">Apartments <b>\u20ac8,160\/m\u00b2<\/b> \u00b7 Houses <b>\u20ac10,063\/m\u00b2<\/b>, the highest in Palma<\/p>   <figure class=\"wp-block-image size-large pe-img\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"629\" src=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/property-for-sale-in-portixol-mallorca-1024x629.jpg\" alt=\"Seafront property in Portixol, Palma\" class=\"wp-image-259\" srcset=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/property-for-sale-in-portixol-mallorca-1024x629.jpg 1024w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/property-for-sale-in-portixol-mallorca-300x184.jpg 300w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/property-for-sale-in-portixol-mallorca-768x472.jpg 768w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/property-for-sale-in-portixol-mallorca-1536x944.jpg 1536w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/property-for-sale-in-portixol-mallorca.jpg 1880w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Seafront living in Portixol.<\/figcaption><\/figure>   <p class=\"wp-block-paragraph\">For many people, living in Palma means living near the sea. Just east of the centre, <strong>Portixol and El Molinar<\/strong> offer exactly that. Once quiet fishing villages, both have become some of the most desirable residential areas on the island.<\/p>   <figure class=\"wp-block-image size-large pe-img\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"661\" src=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-apartment-for-sale-in-el-molinar-mallorca-1024x661.jpg\" alt=\"Luxury apartment in El Molinar, Palma\" class=\"wp-image-261\" srcset=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-apartment-for-sale-in-el-molinar-mallorca-1024x661.jpg 1024w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-apartment-for-sale-in-el-molinar-mallorca-300x194.jpg 300w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-apartment-for-sale-in-el-molinar-mallorca-768x496.jpg 768w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-apartment-for-sale-in-el-molinar-mallorca-1536x992.jpg 1536w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-apartment-for-sale-in-el-molinar-mallorca.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Penthouse duplex with sea views for sale in El Molinar<\/figcaption><\/figure>   <p class=\"wp-block-paragraph\">A seafront promenade links them with the city and several beaches, and it is one of Palma\u2019s most scenic routes for cycling and walking. Portixol is known for its restaurants, boutique hotels and waterfront caf\u00e9s; El Molinar keeps more of its local character and is slightly quieter, which makes it popular with families. Apartments and townhouses with sea views are in high demand, and <a href=\"https:\/\/www.balearic-properties.com\/property-for-sale\/portixol.html\">property in Portixol and El Molinar<\/a> commands some of the highest prices in Palma.<\/p>   <h3 class=\"wp-block-heading\">Son Vida: luxury living above Palma<\/h3>   <p class=\"pe-fig\">Apartments <b>\u20ac8,201\/m\u00b2<\/b> \u00b7 Houses <b>\u20ac9,116\/m\u00b2<\/b><\/p>   <figure class=\"wp-block-image size-large pe-img\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"629\" src=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-property-for-sale-son-vida-mallorca-1024x629.jpg\" alt=\"Luxury property in Son Vida, Mallorca\" class=\"wp-image-252\" srcset=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-property-for-sale-son-vida-mallorca-1024x629.jpg 1024w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-property-for-sale-son-vida-mallorca-300x184.jpg 300w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-property-for-sale-son-vida-mallorca-768x472.jpg 768w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-property-for-sale-son-vida-mallorca-1536x944.jpg 1536w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/luxury-property-for-sale-son-vida-mallorca.jpg 1880w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">A contemporary villa in Son Vida.<\/figcaption><\/figure>   <figure class=\"wp-block-image size-large pe-img\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"577\" src=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/son-vida-mallorca-1024x577.jpg\" alt=\"Son Vida neighbourhood above Palma\" class=\"wp-image-253\" srcset=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/son-vida-mallorca-1024x577.jpg 1024w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/son-vida-mallorca-300x169.jpg 300w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/son-vida-mallorca-768x432.jpg 768w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/son-vida-mallorca-1536x865.jpg 1536w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/son-vida-mallorca.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Son Vida, in the hills above the city.<\/figcaption><\/figure>   <p class=\"wp-block-paragraph\">Often called the \u201cBeverly Hills of Mallorca\u201d, <strong>Son Vida<\/strong> is Palma\u2019s most exclusive residential area. Set in the hills around ten minutes from the centre, it offers privacy, security and wide views over the Bay of Palma. The area is built around three golf courses and includes some of the island\u2019s best-known five-star hotels. <a href=\"https:\/\/www.balearic-properties.com\/property-for-sale\/son-vida.html\">Properties in Son Vida<\/a> are typically contemporary villas with infinity pools, large terraces and landscaped gardens, many within gated communities, which is why the area appeals to buyers looking for discretion. The trade-off is that it is not within walking distance of the centre.<\/p>   <h3 class=\"wp-block-heading\">El Terreno: Palma\u2019s up-and-coming district<\/h3>   <figure class=\"wp-block-image size-large pe-img\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"629\" src=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/el-terreno-in-palma-mallorca-1024x629.jpg\" alt=\"Newly built house in El Terreno, Palma\" class=\"wp-image-264\" srcset=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/el-terreno-in-palma-mallorca-1024x629.jpg 1024w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/el-terreno-in-palma-mallorca-300x184.jpg 300w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/el-terreno-in-palma-mallorca-768x472.jpg 768w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/el-terreno-in-palma-mallorca-1536x944.jpg 1536w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/el-terreno-in-palma-mallorca.jpg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">A newly built house in El Terreno.<\/figcaption><\/figure>   <p class=\"wp-block-paragraph\">Between the Paseo Mar\u00edtimo and the Bellver forest, <strong>El Terreno<\/strong> has become much more sought after in recent years, partly because prices have traditionally been lower than in other central areas. In the 1960s and 1970s it was known for its nightlife and artistic community, and it is now going through a revival, with new restaurants, galleries and renovated homes. Historic villas and mid-century apartment buildings are being restored, drawing creative professionals and investors who like its character and its easy access to the centre and nearby beaches. Being next to Bellver Castle and its forest park also makes it a good choice for people who want green space without leaving the city.<\/p>   <h3 class=\"wp-block-heading\">Son Espanyolet and Son Armadams: quieter residential living<\/h3>   <p class=\"wp-block-paragraph\">Behind Santa Catalina are two of Palma\u2019s most liveable residential districts, <strong>Son Espanyolet<\/strong> and <strong>Son Armadams<\/strong>. Both are calm while still within walking distance of the centre and the marina. Son Espanyolet has low-rise houses with terraces and gardens that give it a village feel; Son Armadams is larger, mainly made up of apartment buildings, and popular with families. For buyers who want a quieter life without leaving the city, they strike a good balance.<\/p>   <h3 class=\"wp-block-heading\">G\u00e9nova: village charm above the city<\/h3>   <p class=\"pe-fig\">G\u00e9nova \u2013 Bonanova area: apartments <b>\u20ac7,470\/m\u00b2<\/b> \u00b7 houses <b>\u20ac7,292\/m\u00b2<\/b><\/p>   <figure class=\"wp-block-image size-large pe-img\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/genova-village-charm-above-palma-city-1024x640.jpg\" alt=\"G\u00e9nova village above Palma\" class=\"wp-image-250\" srcset=\"https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/genova-village-charm-above-palma-city-1024x640.jpg 1024w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/genova-village-charm-above-palma-city-300x188.jpg 300w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/genova-village-charm-above-palma-city-768x480.jpg 768w, https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/genova-village-charm-above-palma-city.jpg 1440w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">G\u00e9nova, in the hills above Palma.<\/figcaption><\/figure>   <p class=\"wp-block-paragraph\">A few minutes\u2019 drive north of the centre, <strong>G\u00e9nova<\/strong> sits in the hills above Palma, surrounded by pine forest and with views out to sea. Although it is part of the city, it feels separate from it: narrow streets, stone houses and family-run restaurants such as the long-established Ca\u2019n Pedro give it a traditional Mallorcan atmosphere. The housing mix combines village houses with newer villas, many with views across the bay, and the nearby mountain trails suit hikers and cyclists. For residents who want a quiet village setting close to city amenities, <a href=\"https:\/\/www.balearic-properties.com\/property-for-sale\/genova.html\">G\u00e9nova<\/a> is a good compromise.<\/p>   <h2 class=\"wp-block-heading\">How to choose the best area to live in Palma<\/h2>   <p class=\"wp-block-paragraph\">The right neighbourhood depends mainly on lifestyle and budget. Buyers drawn to historic architecture and the very centre tend to choose the <strong>Old Town<\/strong>; those who want a livelier atmosphere prefer <strong>Santa Catalina<\/strong>. For life by the sea, <strong>Portixol<\/strong> or <strong>El Molinar<\/strong> fit best. <strong>Son Vida<\/strong> offers more space, privacy and luxury homes, but not a walk into town. For a quieter, residential and family-friendly setting, Son Armadams, Son Espanyolet or G\u00e9nova work well, bearing in mind that G\u00e9nova is further out.<\/p>   <table class=\"pe-table\"><tbody><tr><td>Historic character<\/td><td>Old Town, from around \u20ac7,600\/m\u00b2 for apartments<\/td><\/tr><tr><td>Restaurants and nightlife<\/td><td>Santa Catalina, around \u20ac6,600\/m\u00b2<\/td><\/tr><tr><td>By the sea<\/td><td>Portixol and El Molinar, around \u20ac8,200\/m\u00b2<\/td><\/tr><tr><td>Space and privacy<\/td><td>Son Vida, around \u20ac8,200\/m\u00b2 for apartments and \u20ac9,100\/m\u00b2 for houses<\/td><\/tr><tr><td>Village feel<\/td><td>G\u00e9nova, around \u20ac7,500\/m\u00b2<\/td><\/tr><tr><td>Lower entry price<\/td><td>Las Avenidas or Llevant, around \u20ac4,000 to \u20ac4,400\/m\u00b2<\/td><\/tr><\/tbody><\/table>   <p class=\"wp-block-paragraph\">Palma\u2019s compact size and transport links mean all of these neighbourhoods remain within easy reach of the centre, the beaches and the airport.<\/p>   <div class=\"pe-prop\"><div class=\"pe-prop-img\" role=\"img\" aria-label=\"Palma Cathedral seen from the sea\" style=\"background-image:url(https:\/\/www.balearic-properties.com\/living\/wp-content\/uploads\/2026\/03\/palma-cathedral-sea-views-mallorca-1024x683.jpg)\"><\/div><div class=\"pe-prop-txt\"><p class=\"pe-prop-lbl\">Properties<\/p><h3>Homes in Palma<\/h3><p>Balearic Properties is an established agency partnered with Savills. Tell us how you want to live in Palma and we will show you what is on the market.<\/p><a class=\"pe-prop-btn\" href=\"https:\/\/www.balearic-properties.com\/en\/contact\">Contact our sales team<\/a><\/div><\/div> <p class=\"pe-prop-links\">Properties by area: <a href=\"https:\/\/www.balearic-properties.com\/property-for-sale\/palma-old-town.html\">Old Town<\/a> \u00b7 <a href=\"https:\/\/www.balearic-properties.com\/property-for-sale\/santa-catalina.html\">Santa Catalina<\/a> \u00b7 <a href=\"https:\/\/www.balearic-properties.com\/property-for-sale\/portixol.html\">Portixol<\/a> \u00b7 <a href=\"https:\/\/www.balearic-properties.com\/property-for-sale\/son-vida.html\">Son Vida<\/a> \u00b7 <a href=\"https:\/\/www.balearic-properties.com\/property-for-sale\/genova.html\">G\u00e9nova<\/a><br>Discover more of Mallorca: <a href=\"https:\/\/www.balearic-properties.com\/living\/areas\/palma\/\">Palma area guide<\/a> \u00b7 <a href=\"https:\/\/www.balearic-properties.com\/living\/areas\/\">all Mallorca area guides<\/a> \u00b7 <a href=\"https:\/\/www.balearic-properties.com\/living\/guides\/mallorca-area-guides-price-comparisons\/\">price comparisons<\/a><\/p>   <h2 class=\"wp-block-heading\">FAQs<\/h2>   <div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1793300000001\"><strong class=\"schema-faq-question\">How much does an apartment cost per square metre in Palma?<\/strong> <p class=\"schema-faq-answer\">In September 2026 the average asking price for an apartment for sale in Palma de Mallorca was \u20ac5,838 per m\u00b2, according to Casafari. Prices vary widely by area, from around \u20ac4,000 per m\u00b2 in Llevant to more than \u20ac8,000 per m\u00b2 in Portixol and Son Vida.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1793300000002\"><strong class=\"schema-faq-question\">Have property prices in Palma gone up?<\/strong> <p class=\"schema-faq-answer\">Yes. The average asking price of apartments in Palma rose 18.7% between November 2023 and September 2026, from \u20ac4,918 to \u20ac5,838 per m\u00b2, and 4.1% in the twelve months to September 2026. Prices peaked at \u20ac5,942 per m\u00b2 in May 2026 and have eased slightly since.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1793300000003\"><strong class=\"schema-faq-question\">What are the most expensive areas to live in Palma?<\/strong> <p class=\"schema-faq-answer\">Portixol\u2013El Molinar, Son Vida and the Old Town have the highest asking prices in Palma. In October 2026 apartments averaged \u20ac8,160 per m\u00b2 in Portixol\u2013El Molinar, \u20ac8,201 in Son Vida and \u20ac7,568 in the Old Town, and houses in Portixol\u2013El Molinar averaged \u20ac10,063 per m\u00b2.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1793300000004\"><strong class=\"schema-faq-question\">How long does it take to sell an apartment in Palma?<\/strong> <p class=\"schema-faq-answer\">Apartments listed in Palma since October 2025 stayed on the market for around 72 days on average. Homes under \u20ac300,000 took around 55 days, while those over \u20ac1 million took around 100 days.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1793300000005\"><strong class=\"schema-faq-question\">What is the best area to live in Palma?<\/strong> <p class=\"schema-faq-answer\">It depends on lifestyle. The Old Town suits buyers who want historic character, Santa Catalina suits those who want restaurants and nightlife, Portixol and El Molinar suit life by the sea, Son Vida offers space and privacy, and Son Armadams, Son Espanyolet and G\u00e9nova are quieter and family-friendly.<\/p> <\/div> <\/div>   <script type=\"application\/ld+json\"> { \"@context\": \"https:\/\/schema.org\", \"@graph\": [ { \"@type\": \"Place\", \"@id\": \"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#place\", \"name\": \"Palma de Mallorca\", \"alternateName\": [\"Palma\", \"Ciutat de Mallorca\"], \"description\": \"Capital of Mallorca, on the Bay of Palma, around 15 minutes by car from Palma Airport.\", \"containedInPlace\": {\"@type\": \"AdministrativeArea\", \"name\": \"Balearic Islands\"}, \"address\": {\"@type\": \"PostalAddress\", \"addressLocality\": \"Palma\", \"addressRegion\": \"Balearic Islands\", \"addressCountry\": \"ES\"} }, { \"@type\": \"Dataset\", \"@id\": \"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#prices\", \"name\": \"Average asking price of apartments in Palma de Mallorca, November 2023 to September 2026\", \"description\": \"Monthly average asking price per square metre of apartments for sale in the municipality of Palma de Mallorca, outliers excluded, with asking prices, rents and indicative gross yields by area for October 2026 and time on the market by price band.\", \"temporalCoverage\": \"2023-11\/2026-10\", \"spatialCoverage\": {\"@id\": \"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#place\"}, \"variableMeasured\": [\"Average asking price per square metre (EUR)\", \"Average asking rent per square metre per month (EUR)\", \"Average days on market\"], \"isBasedOn\": \"https:\/\/www.casafari.com\/\", \"creator\": {\"@type\": \"Organization\", \"name\": \"Balearic Properties\", \"url\": \"https:\/\/www.balearic-properties.com\/\"}, \"dateModified\": \"2026-10-30\", \"isAccessibleForFree\": true } ] } <\/script> ","protected":false},"excerpt":{"rendered":"<p>Over the past decade, Palma has become one of Europe\u2019s most sought-after cities to live in. The Mallorcan capital pairs a historic Mediterranean centre with a cosmopolitan cultural scene, and it does so on a human scale: the Gothic cathedral stands next to the sea, a modern marina runs along the bay, and most of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-living-in-mallorca"],"acf":{"time_to_read":"8 minutes to read","video_for_post":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Living in Palma de Mallorca: Neighbourhoods and Property Prices - Balearic Properties<\/title>\n<meta name=\"description\" content=\"Where to live in Palma: the Old Town, Santa Catalina, Portixol, 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Iris Gr\u00fcnewald brings an international perspective and extensive experience in Mallorca real estate, advising buyers, sellers and investors with a focus on quality, discretion and long-term value.\",\"url\":\"https:\\\/\\\/www.balearic-properties.com\\\/living\\\/iris-grunewald\\\/\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/iris-gr%C3%BCnewald-96481670\\\/\"]},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/admin.balearic-properties.com\\\/living-in-mallorca\\\/living-in-palma-de-mallorca-area-guide\\\/#faq-question-1793300000001\",\"position\":1,\"url\":\"https:\\\/\\\/admin.balearic-properties.com\\\/living-in-mallorca\\\/living-in-palma-de-mallorca-area-guide\\\/#faq-question-1793300000001\",\"name\":\"How much does an apartment cost per square metre in Palma?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"In September 2026 the average asking price for an apartment for sale in Palma de Mallorca was \u20ac5,838 per m\u00b2, according to Casafari. 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Homes under \u20ac300,000 took around 55 days, while those over \u20ac1 million took around 100 days.\",\"inLanguage\":\"en-US\"},\"inLanguage\":\"en-US\"},{\"@type\":\"Question\",\"@id\":\"https:\\\/\\\/admin.balearic-properties.com\\\/living-in-mallorca\\\/living-in-palma-de-mallorca-area-guide\\\/#faq-question-1793300000005\",\"position\":5,\"url\":\"https:\\\/\\\/admin.balearic-properties.com\\\/living-in-mallorca\\\/living-in-palma-de-mallorca-area-guide\\\/#faq-question-1793300000005\",\"name\":\"What is the best area to live in Palma?\",\"answerCount\":1,\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It depends on lifestyle. 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Iris Gr\u00fcnewald brings an international perspective and extensive experience in Mallorca real estate, advising buyers, sellers and investors with a focus on quality, discretion and long-term value.","url":"https:\/\/www.balearic-properties.com\/living\/iris-grunewald\/","sameAs":["https:\/\/www.linkedin.com\/in\/iris-gr%C3%BCnewald-96481670\/"]},{"@type":"Question","@id":"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#faq-question-1793300000001","position":1,"url":"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#faq-question-1793300000001","name":"How much does an apartment cost per square metre in Palma?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"In September 2026 the average asking price for an apartment for sale in Palma de Mallorca was \u20ac5,838 per m\u00b2, according to Casafari. Prices vary widely by area, from around \u20ac4,000 per m\u00b2 in Llevant to more than \u20ac8,000 per m\u00b2 in Portixol and Son Vida.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#faq-question-1793300000002","position":2,"url":"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#faq-question-1793300000002","name":"Have property prices in Palma gone up?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes. The average asking price of apartments in Palma rose 18.7% between November 2023 and September 2026, from \u20ac4,918 to \u20ac5,838 per m\u00b2, and 4.1% in the twelve months to September 2026. Prices peaked at \u20ac5,942 per m\u00b2 in May 2026 and have eased slightly since.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#faq-question-1793300000003","position":3,"url":"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#faq-question-1793300000003","name":"What are the most expensive areas to live in Palma?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Portixol\u2013El Molinar, Son Vida and the Old Town have the highest asking prices in Palma. In October 2026 apartments averaged \u20ac8,160 per m\u00b2 in Portixol\u2013El Molinar, \u20ac8,201 in Son Vida and \u20ac7,568 in the Old Town, and houses in Portixol\u2013El Molinar averaged \u20ac10,063 per m\u00b2.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#faq-question-1793300000004","position":4,"url":"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#faq-question-1793300000004","name":"How long does it take to sell an apartment in Palma?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Apartments listed in Palma since October 2025 stayed on the market for around 72 days on average. Homes under \u20ac300,000 took around 55 days, while those over \u20ac1 million took around 100 days.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#faq-question-1793300000005","position":5,"url":"https:\/\/www.balearic-properties.com\/living\/living-in-mallorca\/living-in-palma-de-mallorca-area-guide\/#faq-question-1793300000005","name":"What is the best area to live in Palma?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"It depends on lifestyle. The Old Town suits buyers who want historic character, Santa Catalina suits those who want restaurants and nightlife, Portixol and El Molinar suit life by the sea, Son Vida offers space and privacy, and Son Armadams, Son Espanyolet and G\u00e9nova are quieter and family-friendly.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.balearic-properties.com\/living\/wp-json\/wp\/v2\/posts\/176","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.balearic-properties.com\/living\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.balearic-properties.com\/living\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.balearic-properties.com\/living\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.balearic-properties.com\/living\/wp-json\/wp\/v2\/comments?post=176"}],"version-history":[{"count":69,"href":"https:\/\/www.balearic-properties.com\/living\/wp-json\/wp\/v2\/posts\/176\/revisions"}],"predecessor-version":[{"id":2292,"href":"https:\/\/www.balearic-properties.com\/living\/wp-json\/wp\/v2\/posts\/176\/revisions\/2292"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.balearic-properties.com\/living\/wp-json\/wp\/v2\/media\/199"}],"wp:attachment":[{"href":"https:\/\/www.balearic-properties.com\/living\/wp-json\/wp\/v2\/media?parent=176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.balearic-properties.com\/living\/wp-json\/wp\/v2\/categories?post=176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.balearic-properties.com\/living\/wp-json\/wp\/v2\/tags?post=176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}