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
500 for sale·250 for rent
Properties for Sale in Palma de Mallorca
Latest Listings
Showing 1–12 of 50 listings
2-Bed Apartment · 214 m² in Palma de Mallorca
4-Bed Villa · 212 m² in Palma de Mallorca
2-Bed Apartment · 87 m² in Palma de Mallorca
2-Bed Apartment · 75 m² in Palma de Mallorca
2-Bed Apartment · 122 m² in Palma de Mallorca
4-Bed Villa · 163 m² in Palma de Mallorca
3-Bed Villa · 120 m² in Palma de Mallorca
2-Bed Villa · 76 m² in Palma de Mallorca
3-Bed Apartment · 89 m² in Palma de Mallorca
3-Bed Apartment · 114 m² in Palma de Mallorca
1-Bed Villa · 45 m² in Palma de Mallorca
2-Bed Villa · 129 m² in Palma de Mallorca
Yield by Neighborhood — Palma de Mallorca
Microzone investment comparison — CASABROVA
| Neighborhood | Price/m² | STR Yield | STR Status | Character |
|---|---|---|---|---|
| Son Vida | €4,900–€5,400 (₪17,101–₪18,847) | 8%–15% | N/A | Gated luxury golf enclave; blue-chip trophy/capital-preservation (STR villa-only, existing licence) |
| Casco Antiguo | €5,500–€8,000 (₪19,196–₪27,921) | 5%–8% | STR Restricted 🟡 | Medieval fortified old town, restored palaces, cathedral views, transitioning to luxury LTR |
| La Bonanova | €4,900–€5,400 (₪17,101–₪18,847) | 8%–15% | N/A | Blue-chip family address by Bellver/Porto Pi, near international schools |
| Portixol / El Molinar waterfrontlifestyletrendy | €5,500–€7,000 (₪19,196–₪24,431) | STR Banned 🔴 | STR Banned 🔴 Balearic Decree-law 4/2025; banned for new STR | Trendy waterfront; converted fishermens village; premium LTR lifestyle |
| Santa Catalina / Son Armadans hipltrlifestyle | €5,000–€6,500 (₪17,451–₪22,686) | STR Banned 🔴 | 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 |
| El Terreno | €4,900–€5,400 (₪17,101–₪18,847) | 8%–15% | N/A | |
| Playa de Palma / Can Pastilla beachaffordableltr | €4,000–€5,000 (₪13,960–₪17,451) | STR Banned 🔴 | STR Banned 🔴 Balearic Decree-law 4/2025; banned for new STR | |
| Génova | €4,900–€5,400 (₪17,101–₪18,847) | 8%–15% | N/A | Hillside village, panoramic bay views; sea-view scarcity below Son Vida |
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 (₪17,101/m²)
Casco Antiguo
Medieval fortified old town, restored palaces, cathedral views, transitioning to luxury LTR
Price from €5,500/m² (₪19,196/m²)
La Bonanova
Blue-chip family address by Bellver/Porto Pi, near international schools
Price from €4,900/m² (₪17,101/m²)
Portixol / El Molinar
Trendy waterfront; converted fishermens village; premium LTR lifestyle
Price from €5,500/m² (₪19,196/m²)
Santa Catalina / Son Armadans
Hip neighborhood; gentrified market; best urban LTR; foodie/nightlife scene
Price from €5,000/m² (₪17,451/m²)
El Terreno
Price from €4,900/m² (₪17,101/m²)
Playa de Palma / Can Pastilla
Price from €4,000/m² (₪13,960/m²)
Génova
Hillside village, panoramic bay views; sea-view scarcity below Son Vida
Price from €4,900/m² (₪17,101/m²)
Editorial | CASABROVA
All articles →Q2 2026 Investor Briefing
Our quarterly cross-market briefing: twenty-nine markets, the cost of borrowing as a foreign buyer, cycle position, tax by nationality, and the CASABROVA Score.
After Spain: Where Europe’s Foreign Property Money Goes Next
Spain is now late-cycle and crowded for foreign buyers — so where does Europe's property money rotate next? CASABROVA separates revealed preference, structural quality (the Score) and timing (the Master Index), and maps the case for Romania, Poland and the UAE.
CASABROVA Global Investor Briefing — June 2026
June’s briefing is a one-time Score reset: Netherlands, Ireland and Poland cluster at the top; Spain, Portugal and Czechia remain in withdrawal; Greece is at peak; Germany and the UK move toward recovery; Romania enters the Virtual Portfolio.
Global Investor Briefing — May 2026
Scores were stable this month — the real stories are a generational currency window for shekel buyers, Greece emerging as a withdrawal candidate while Spain surprisingly holds at peak, and three markets moving from correction into recovery.
The Yield Illusion: Why Municipal STR Regulations are Destroying Cross-Border Valuations
A massive "Yield Illusion" has formed. Investors are pricing properties based on historical cash flows, fatally ignoring that hyper-local municipal regulations have decoupled historical performance from future returns.
Iberian Crossroads: Portugal vs. Spain for Real Estate Investors in 2026
Spain has tightened STR rules and abolished its Golden Visa entirely. Portugal pivoted — lifting license freezes but doubling entry tax. A surgical comparison of the four vectors that matter.
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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