Based on asking prices on real estate portals, updated in 2026, houses in Palma average €5,177/m² and apartments €5,087/m².
Asking prices on real estate portals are up 4.61% for houses (from €4,949/m² in 2025) and 6.03% for apartments (from €4,798/m²) over the last 12 months. These are asking prices, not final sale prices, and the city average hides large differences between a renovation project in the centre and a villa with sea views in Son Vida.
Typical starting prices seen in our listings:
Both houses and apartments are up in the last 12 months, with apartments growing slightly faster. Prices vary considerably by neighbourhood, so it is more useful to compare properties within the same area and type than to use the city average.
The widest choice in the city, from compact apartments in Santa Catalina to penthouses with rooftop terraces and sea views in Portixol and the Old Town.
Historic buildings in the Old Town and Calatrava, some dating back to the 16th century. Renovation is usually the main cost, so check permissions and the condition of the building.
Villas with private pools and garden plots in Son Vida, Son Gual and Genova, and sea-view villas in Bendinat and La Bonanova.
Properties to renovate in the city centre, where the budget, works permissions and timeline must be checked before buying.
Country properties outside the city. See country houses for sale in Palma.
You can see more detail in our page on property for sale in Palma. We also have guides for Palma Old Town, Son Vida and Santa Catalina.
The general purchase process is the same as elsewhere in Mallorca. In Palma, buyers should pay particular attention to renovation permissions on historic buildings and, for investment purchases, to the tourist licence rules of each building and area.
Buyers must budget for transfer tax (ITP) on resale properties, or VAT and stamp duty (AJD) on new builds, plus notary, registry and legal fees. Rates and thresholds change, so confirm the current figures with your lawyer before making an offer.
Non-resident buyers can apply for a mortgage in Spain. Banks usually finance a lower percentage than for residents, so check the conditions before signing the reservation agreement.
The time between the reservation agreement and the deed depends on the documentation and the financing, and is normally a matter of weeks to a few months.
Palma has year-round rental demand, with areas such as Santa Catalina and Portixol popular for mid-term and seasonal rentals. Holiday rental requires a tourist licence (ETV) and the rules depend on the type of property and the area, so check them before buying. We do not offer yield promises: income depends on the property, the season and the licence.
Location, the condition of the property, outdoor space, views and renovation potential are the main factors that affect resale value. Limited supply in exclusive areas such as the Old Town and Son Vida supports demand.
Based on asking prices on real estate portals, updated in 2026, houses in Palma average €5,177/m² and apartments €5,087/m². These are asking prices, not final sale prices, and they vary widely between neighbourhoods, from Santa Catalina and the outer streets of the Old Town to Son Vida and Portixol.
In our listings, one and two bedroom apartments start at around €360,000, with the best-value options in Santa Catalina and the outer streets of the Old Town. Penthouses typically start from around €950,000.
The main areas are the Old Town, Santa Catalina, Portixol, La Bonanova, Son Vida, Son Gual, Genova and Bendinat. Each one has a different type of property and price level.
Yes. Detached villas in our listings start at approximately €2,700,000 in areas such as Son Vida, Son Gual and Genova, and villas with sea views start at around €4,000,000.
Palma has year-round rental demand, particularly in areas such as Santa Catalina and Portixol for mid-term and seasonal rentals. Holiday rental requires a tourist licence (ETV), and rules for each type of property and area should be checked before buying.
Check the legal status of the property, the condition of the building, renovation permissions (especially in the Old Town), community fees, the energy certificate and whether a tourist licence exists if you plan to rent.
Sources: asking prices on real estate portals for Palma, updated 2026; starting prices and area information from our page on property for sale in Palma.
Browse the current properties for sale in Palma de Mallorca.
More ++550 SQM in amenities to heal the mind, relax the body and lift the spirit. Surrounded by an impressive assembly of the city’s cultural riches, the extensive program of unrivaled amenities, provides ample opportunity for a rich and varied way of life inspired by the idyllic island.
| Type | Built size | Terrace | Bedrooms | Baths | Price | Status | Plans |
|---|---|---|---|---|---|---|---|
| Triplex |
259 m²
|
30 m²
|
4
|
4
|
2,310,000 € | Available | view |
| Apartment |
95 m²
|
0 m²
|
2
|
2
|
1,320,000 € | Available | view |
| Apartment |
122 m²
|
0 m²
|
3
|
3
|
2,050,000 € | Available | view |
| Triplex |
404 m²
|
43 m²
|
2
|
3
|
3,780,000 € | Available | view |
| Atico - Penthouse |
243 m²
|
68 m²
|
3
|
3
|
P.O.A | Reserved | view |
| Duplex |
209 m²
|
19 m²
|
2
|
3
|
P.O.A | Sold | view |
| Duplex |
161 m²
|
19 m²
|
2
|
2
|
P.O.A | Sold | view |
| Penthouse |
237 m²
|
93 m²
|
3
|
4
|
P.O.A | Sold | view |
We are delighted to present this new collection of luxury boutique apartments, available for purchase in a prestigious area of Palma de Mallorca. Enjoy panoramic sea views at XO Jonquet, conveniently situated in prime position, near the lively Santa Catalina district, where modern living meets coastal beauty.
A variety of apartment types are available in this development to accommodate different lifestyles. These include one, two, and three-bedroom apartments, cleverly designed and ranging from 120 to 400 m². There is also a private villa option, covering 850 m².
The master bedroom, kitchen, and living areas have been carefully designed to maximise access to the outdoor spaces. These areas are also equipped with state-of-the-art technology and provide exceptional views of the sunset over the sea.
Within the development, you'll find 550 square meters of amenities designed to refresh the mind, rejuvenate the body, and elevate the spirit. Enjoy the swimming pool, solarium, and spa with Japanese hot springs, cryogenic therapy chamber, steam room, sauna, ice bath, chill-out area, changing rooms, indoor pool, and jacuzzi, all located on the semi-basement floor.
Residents can enjoy an ultra-modern cinema with an HD projector, a high-quality surround sound system, a huge screen, and comfortable lounge seating for a unique experience.
There is also a completely equipped gym for a professional workout and space for meditation or yoga.
Finally, the complex features a clubhouse with a wine cellar, a games room with golf simulator, a convenient car wash, and vehicle turntable
Just some of the available facilities include a 24 hour reception and round the clock security, as well as wellness treatments, laundry services, a bicycle area, a pet walking service, and private chefs for events.
Iris Grünewald CEO & Founder · Balearic Properties +34 +34 971 53 29 84
