Palma de Mallorca
Mediterranean island capital; stunning harbor; Mallorcan cuisine; luxury lifestyle destination
* Exchange rates shown for illustration only, based on ECB mid-market rate. Actual transactions may be subject to conversion fees.
⚠ Local STR Restrictions — Palma de Mallorca
Palma de Mallorca: STR banned in apartments. Existing flat licences not renewable.
Market Analysis — Palma de Mallorca
Key demand drivers and main investment risks
✅Demand Drivers
- •33.8M airport passengers
- •heavily leisure-led and international
- •island cap on tourist places
⚠️Key Risks
- •Island cap/place scarcity
- •municipal shut-off
- •high entry price
- •seasonality
🇮🇱 Notes for Israeli investors
Low Israeli presence; primarily German/British/Scandinavian market
Properties in Palma de Mallorca
805 for sale·250 for rent
Properties for Sale in Palma de Mallorca
Latest Listings
Showing 1–12 of 50 listings
3-Bed Villa · 104 m² in Cala Major-San Agustin
4-Bed Villa · 167 m² in Cala Major-San Agustin
3-Bed Villa · 118 m² in El Terreno
4-Bed Apartment · 125 m² in Foners
4-Bed Apartment · 130 m² in El Terreno
3-Bed Villa · 82 m² in Portixol
3-Bed Villa · 120 m² in El Terreno
2-Bed Villa · 78 m² in Portixol
3-Bed Apartment · 94 m² in Portixol
2-Bed Apartment · 68 m² in El Terreno
5-Bed Villa · 600 m² in Portixol
2-Bed Apartment · 84 m² in Portixol
Yield by Neighborhood — Palma de Mallorca
Microzone investment comparison — CASABROVA
| Neighborhood | Price/m² | STR Yield | STR Status | Character |
|---|---|---|---|---|
| Son Vida | €4,900–€5,400 (₪16,632–₪18,329) | 8%–15% | N/A | Gated luxury golf enclave; blue-chip trophy/capital-preservation (STR villa-only, existing licence) |
| La Bonanova | €4,900–€5,400 (₪16,632–₪18,329) | 8%–15% | N/A | Blue-chip family address by Bellver/Porto Pi, near international schools |
| Génova | €4,900–€5,400 (₪16,632–₪18,329) | 8%–15% | N/A | Hillside village, panoramic bay views; sea-view scarcity below Son Vida |
| Casco Antiguo | €5,500–€8,000 (₪18,668–₪27,154) | 5%–8% | STR Restricted 🟡 | Medieval fortified old town, restored palaces, cathedral views, transitioning to luxury LTR |
| Santa Catalina / Son Armadans hipltrlifestyle | €5,000–€6,500 (₪16,971–₪22,062) | 8%–15% | STR Banned 🔴 Balearic Decree-law 4/2025; horizontal-property dwellings banned; Palma planning board approved whole municipality no-apta | Hip neighborhood; gentrified market; best urban LTR; foodie/nightlife scene |
| Portixol / El Molinar waterfrontlifestyletrendy | €5,500–€7,000 (₪18,668–₪23,759) | 8%–15% | STR Banned 🔴 Balearic Decree-law 4/2025; banned for new STR | Trendy waterfront; converted fishermens village; premium LTR lifestyle |
| El Terreno | €4,900–€5,400 (₪16,632–₪18,329) | 8%–15% | N/A | Regenerating bohemian seafront; Passeig Maritim upside (apartment STR banned) |
| Playa de Palma / Can Pastilla beachaffordableltr | €4,000–€5,000 (₪13,577–₪16,971) | 8%–15% | STR Banned 🔴 Balearic Decree-law 4/2025; banned for new STR | Beach resort strip; more affordable; LTR from local workers and expats |
Yield and price ranges are internal AI-research estimates from public real-estate portals (Tranio, Investropa, Globes, etc.), refreshed quarterly. Not primary-source data.
Investment Areas in Palma de Mallorca
Son Vida
Gated luxury golf enclave; blue-chip trophy/capital-preservation (STR villa-only, existing licence)
Price from €4,900/m² (₪16,632/m²)
La Bonanova
Blue-chip family address by Bellver/Porto Pi, near international schools
Price from €4,900/m² (₪16,632/m²)
Génova
Hillside village, panoramic bay views; sea-view scarcity below Son Vida
Price from €4,900/m² (₪16,632/m²)
Casco Antiguo
Medieval fortified old town, restored palaces, cathedral views, transitioning to luxury LTR
Price from €5,500/m² (₪18,668/m²)
Santa Catalina / Son Armadans
Hip neighborhood; gentrified market; best urban LTR; foodie/nightlife scene
Price from €5,000/m² (₪16,971/m²)
Portixol / El Molinar
Trendy waterfront; converted fishermens village; premium LTR lifestyle
Price from €5,500/m² (₪18,668/m²)
El Terreno
Regenerating bohemian seafront; Passeig Maritim upside (apartment STR banned)
Price from €4,900/m² (₪16,632/m²)
Playa de Palma / Can Pastilla
Beach resort strip; more affordable; LTR from local workers and expats
Price from €4,000/m² (₪13,577/m²)
Editorial | CASABROVA
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Service Providers in Palma de Mallorca
Lawyers, brokers, property managers, contractors
View all providers→Market Review — Palma de Mallorca
Palma de Mallorca has transformed from a seasonal destination into a year-round international hub. The city attracts wealthy European buyers, driving premium property prices in areas like Santa Catalina, Old Town, and Paseo Maritimo. While entry prices are higher than mainland Spain, rental yields remain strong due to the island's consistent tourist demand and growing permanent expat community.
Last updated: April 26, 2026
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