Palma de Mallorca Property Guide
What is Palma de Mallorca known for?
Palma is the island capital and Mallorca's largest city — a year-round destination combining a Gothic cathedral, the historic Old Town, the buzzing Santa Catalina district, the seafront Portixol promenade and the marinas of the Bay of Palma. It holds the island's deepest and most varied property inventory.
What property can you buy in Palma?
From restored Old-Town townhouses and Santa Catalina apartments to sea-view penthouses in Portixol and family homes in the suburbs — Palma spans nearly every property type and budget on the island.
Good to know before buying in Palma
- Holiday-rental (ETV) licences for apartments in Palma are tightly restricted — check status before buying to let.
- Old-Town and seafront addresses carry the city's highest prices; inland districts are more attainable.
Browse every Palma listing aggregated from local agencies on Property Guys — one search, free for buyers.
Nearby areas
Santa Catalina property · Portixol property · Son Vida property
Asking prices in Palma right now
The median asking price in Palma is €1,130,000; the middle half of all listings sits between €595,000 and €2,400,000. The typical price per square metre is €7,143 (middle half €4,788–€10,417), measured across 6,248 listings that state a living area. Basis: 6,380 active listings in this area, aggregated from every agency we track, as of 03 October 2026. These are agency asking prices, not notarised sale prices. The island-wide comparison by municipality is in our Mallorca market report.