Get all the data you need about the real estate market in Palma de Mallorca
This article covers apartment purchase prices in Palma de Mallorca in 2026, broken down by neighborhood so you can see exactly where prices are high, where they are more affordable, and what drives the difference.
We keep this blog post regularly updated so that the data you read here always reflects the latest available market information.
Whether you are comparing neighborhoods for the first time or narrowing down your shortlist, this guide gives you the numbers and context you need to move forward with confidence.
And if you're planning to buy a property in this place, you may want to download our real estate pack about Palma de Mallorca.
A quick summary table
| Metric | Value |
|---|---|
| Most expensive neighborhood for apartments in Palma de Mallorca | Portixol-Molinar |
| Most affordable neighborhood for apartments in Palma de Mallorca | Llevant - La Soledat |
| Average price per square meter across all Palma de Mallorca neighborhoods | Around 5,000 EUR/m² |
| Median apartment price across Palma de Mallorca | Around 430,000 EUR |
| Lowest realistic starting budget to buy an apartment in Palma de Mallorca | Around 125,000 EUR |
| Most expensive apartment type in Palma de Mallorca (by bedroom count) | Two-bedroom apartments |
| Most affordable apartment type in Palma de Mallorca (by bedroom count) | Studio apartments |
| Average price for a studio apartment in Palma de Mallorca | Around 185,000 EUR |
| Average price for a one-bedroom apartment in Palma de Mallorca | Around 275,000 EUR |
| Average price for a two-bedroom apartment in Palma de Mallorca | Around 415,000 EUR |
| Price gap between the most and least expensive Palma de Mallorca neighborhoods | About 4,500 EUR/m² (from 7,700 EUR/m² to 3,200 EUR/m²) |
| Price spread across Palma de Mallorca neighborhoods | Very wide: the most expensive area costs about 2.4 times more per m² than the cheapest |
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Palma de Mallorca neighborhoods in 2026 ranked by apartment purchase price
This table ranks the main neighborhoods in the Palma de Mallorca apartment market by purchase price, from the most expensive to the most affordable.
For each neighborhood, the table includes the average price per square meter, the median property price, the starting budget, the average price for a studio apartment, a one-bedroom apartment, and a two-bedroom apartment, the typical buyer profile, the key advantages, the key drawbacks, and the market segment.
Finally, please note you'll find much more detailed data in our real estate pack about Palma de Mallorca.
| Rank | Neighborhood | Average Price per Square Meter | Median Property Price | Starting Budget | Average Price for a Studio Apartment | Average Price for a One-Bedroom Apartment | Average Price for a Two-Bedroom Apartment | Typical Buyers | Key Pros | Key Cons | Market Segment |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Portixol-Molinar | 7,700 EUR/m² | 695,000 EUR | 320,000 EUR | 309,000 EUR | 463,000 EUR | 695,000 EUR | Seafront lifestyle buyers looking for the best coastal address in Palma de Mallorca | The best seafront apartment lifestyle in Palma, strong resale appeal, a beachside walkway, and a premium marina atmosphere with top cafes nearby | Very high entry prices, limited apartment stock, and strong competition for any unit with a sea view | Luxury |
| 2 | Ciutat Antiga | 6,550 EUR/m² | 590,000 EUR | 260,000 EUR | 262,000 EUR | 393,000 EUR | 590,000 EUR | Historic-center buyers drawn by Palma's old-town prestige and walkable lifestyle | Beautiful old-town character, everything walkable, strong long-term prestige, and sustained demand for renovated apartments | Many buildings are older with irregular layouts, and parking or modern amenities are often hard to find | Luxury |
| 3 | Genova - Bonanova - Sant Agustí | 6,300 EUR/m² | 570,000 EUR | 250,000 EUR | 253,000 EUR | 379,000 EUR | 569,000 EUR | West-coast premium buyers seeking sea views and modern apartment blocks near Palma's marinas | Coastal-west setting with sea views, larger modern buildings, and good access to Porto Pi, Cala Major, and the marina | Prices are still premium, some locations require a car, and apartment quality varies a lot between buildings | Premium |
| 4 | Sta Catalina - Son Armadans - Maritim | 6,200 EUR/m² | 560,000 EUR | 245,000 EUR | 248,000 EUR | 372,000 EUR | 558,000 EUR | Urban professionals wanting Palma's best lifestyle mix close to the center and the marina | Palma's strongest urban lifestyle combination with restaurants, marina access, and a short walk into the city center | Noise, parking pressure, and heavy tourist foot traffic reduce day-to-day calm in the most central parts | Premium |
| 5 | Son Ferriol - Sant Jordi | 4,950 EUR/m² | 421,000 EUR | 185,000 EUR | 198,000 EUR | 297,000 EUR | 446,000 EUR | Value-seeking local households looking for more space at a lower price than central Palma | More space for the money, newer apartment stock in some areas, and strong recent price growth from relative affordability | Less central feel, a more suburban rhythm, and not the first choice for buyers focused on a classic Palma city lifestyle | Mid-Market |
| 6 | Es Forti - Son Cotoner - Son Dameto | 4,650 EUR/m² | 395,000 EUR | 175,000 EUR | 186,000 EUR | 279,000 EUR | 418,000 EUR | City-upgrading local buyers who want decent access to Palma without paying prime prices | A good balance between city access, daily services, and more realistic pricing than Palma's headline premium zones | The streetscape is less distinctive, premium apartment stock is limited, and upside depends heavily on the exact location within the area | Mid-Market |
| 7 | Playa de Palma | 4,600 EUR/m² | 389,000 EUR | 180,000 EUR | 183,000 EUR | 274,000 EUR | 412,000 EUR | Beach-oriented buyers looking for coastal apartment access at a lower price than Portixol-Molinar | Direct beach access is the main draw, with holiday-home appeal and a lower entry price than Palma's prime seafront | Strong seasonality, tourist pressure, and some apartment blocks feel less suited to year-round residential living | Mid-Market |
| 8 | La Vileta - Son Rapinya | 4,350 EUR/m² | 371,000 EUR | 170,000 EUR | 175,000 EUR | 262,000 EUR | 393,000 EUR | Local family buyers looking for practical everyday living at a fair price in Palma | Popular with local households, practical for daily life, and generally better value than Palma's coastal districts | Less prestige, fewer standout lifestyle amenities, and apartment demand here is more domestic than international | Mid-Market |
| 9 | Las Avenidas | 3,900 EUR/m² | 331,000 EUR | 150,000 EUR | 156,000 EUR | 234,000 EUR | 351,000 EUR | Budget-conscious buyers who still want a central Palma de Mallorca address | Very central by Palma standards, good transport connections, and often noticeably cheaper than the old town right next door | A busy traffic environment, less charm than Ciutat Antiga, and some apartment stock is dated | Affordable |
| 10 | Rafal - Son Forteza | 3,600 EUR/m² | 306,000 EUR | 140,000 EUR | 144,000 EUR | 216,000 EUR | 324,000 EUR | First-step buyers in Palma de Mallorca who need a lower capital entry point | A lower financial barrier to ownership, practical apartment stock, and easier access for buyers who are priced out of other Palma neighborhoods | Weaker prestige, fewer standout amenities, and not the first choice for buyers who prioritize lifestyle | Affordable |
| 11 | Son Oliva - Plaza Toros - Camp Redó | 3,530 EUR/m² | 300,000 EUR | 135,000 EUR | 141,000 EUR | 212,000 EUR | 318,000 EUR | Price-sensitive city buyers looking for one of the more accessible central-ish apartment zones in Palma | Among the more accessible apartment zones with a reasonably central feel, solid service coverage, and lower ticket sizes | Building quality is mixed, some pockets feel tired, and resale appeal is uneven across the area | Budget |
| 12 | Llevant - La Soledat | 3,200 EUR/m² | 273,000 EUR | 125,000 EUR | 129,000 EUR | 193,000 EUR | 289,000 EUR | Early-entry value buyers targeting the lowest apartment price level among the main Palma de Mallorca search zones | The lowest apartment entry point among Palma's main neighborhoods, with strong recent price growth from a low base | Higher perceived location risk, uneven building quality, and buyer confidence remains very dependent on the exact street or block | Budget |
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Key insights about apartment purchase prices in Palma de Mallorca
Insights
- Portixol-Molinar apartments cost about 2.4 times more per square meter than Llevant-La Soledat apartments in 2026, making the price gap between Palma's seafront and its most affordable neighborhoods one of the widest in any Spanish city of this size.
- A standard one-bedroom apartment in the premium parts of Palma de Mallorca, such as Portixol-Molinar or Ciutat Antiga, now commonly starts at or above 370,000 EUR, which puts it out of reach for most first-time buyers without significant savings or family support.
- Las Avenidas is the most underrated value in central Palma de Mallorca: at around 3,900 EUR/m², it sits right next to the old town but costs nearly 40% less per square meter than Ciutat Antiga.
- Two-bedroom apartments in Palma de Mallorca show the sharpest affordability divide in the city, ranging from about 289,000 EUR in Llevant-La Soledat to 695,000 EUR in Portixol-Molinar, a gap of over 400,000 EUR for the same apartment type.
- Son Ferriol-Sant Jordi's recent price momentum is a sign that Palma de Mallorca buyers are actively moving outward to get more living space per euro, a pattern that is likely to continue as central prices stay high.
- Llevant-La Soledat is currently Palma de Mallorca's strongest catch-up story: prices have risen quickly from a very low base, and buyers who entered early have seen meaningful gains while the area is still repricing upward.
- In Palma de Mallorca, the seafront premium is not just about location but about a lifestyle package: Portixol-Molinar's top pricing is driven by the combination of beach access, marina atmosphere, and walkable cafe culture, not simply by proximity to the city center.
- Playa de Palma offers a beach-led buying story at roughly 4,600 EUR/m², which is 40% cheaper per square meter than Portixol-Molinar while still giving buyers genuine coastal access in Palma.
- Studio apartments in premium Palma de Mallorca neighborhoods are expensive in absolute terms not because they are large, but because the land price is high: a 40 m² studio in Portixol-Molinar costs around 309,000 EUR in 2026.
- Palma de Mallorca apartment prices remain high compared to other Spanish cities because local housing supply stays structurally tight, and demand from both domestic and international buyers continues to outpace new construction.
- The most important practical lesson for a Palma de Mallorca apartment buyer in 2026 is that moving just one or two neighborhoods away from the seafront or old town can cut the purchase price by 30% to 50% while still keeping you within the city.
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About our methodology
This article focuses specifically on apartment purchase prices in Palma de Mallorca, broken down by neighborhood. Because no single official source publishes all of this data neatly in one place, we built our estimates using a combination of portal data, official statistics, and consistent assumptions applied across all neighborhoods.
We also believe it is important to show our reasoning. It is one of the ways we make our work solid, transparent, and rigorous, just as you will see in our real estate pack about Palma de Mallorca.
First, please note that this data is updated regularly, so what you see here reflects the current values as of today.
In order to get reliable data, we applied a strict source filter. We only used authoritative, verifiable sources, not random listings or unsupported figures. More on that point below.
For each Palma de Mallorca neighborhood, we aggregated the freshest apartment purchase price data available. When possible, we cross-checked multiple sources to confirm the same price range.
This allowed us to estimate the average price per square meter and the median property price for each neighborhood.
We also calculated the starting budget, which represents the lowest realistic entry point to buy an apartment in that Palma de Mallorca neighborhood. This is not the cheapest possible listing, but a real, achievable floor for a standard apartment purchase.
For each apartment category, we estimated an average purchase price based on local market conditions. To keep comparisons consistent across all twelve Palma neighborhoods, we used fixed size assumptions: 40 m² for a studio, 60 m² for a one-bedroom, and 90 m² for a two-bedroom apartment.
These estimates were not applied as one flat number across the city. They were adjusted by neighborhood and apartment type to better reflect local pricing levels and ownership conditions in Palma de Mallorca.
This table should therefore be read as a structured market estimate, not as an exact guarantee of transaction prices. Honesty, quality, and rigor are at the core of our work, and they are also what you will find in our real estate pack about Palma de Mallorca.
What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our real estate pack about Palma de Mallorca, we rely on verifiable sources and a transparent methodology.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why it's reliable | How we used it |
|---|---|---|
| idealista Palma de Mallorca sale price report | idealista is one of Spain's largest residential property portals and publishes a transparent, widely cited asking-price index by neighborhood. | We used it as the main neighborhood-level price-per-square-meter benchmark for all twelve Palma neighborhoods. We also used its district-level ranking and recent price momentum to compare areas consistently. |
| idealista Palma de Mallorca apartment valuation page | This is idealista's live valuation page for Palma de Mallorca, separating apartment data from house data. | We used it to confirm the latest city-level apartment average for Palma. We also used it to check that the neighborhood table stayed consistent with the broader apartment market level. |
| idealista Portixol-Molinar apartments | This is a live apartment-only listing page for one of Palma de Mallorca's most searched coastal apartment markets. | We used it to confirm Portixol-Molinar's high apartment pricing and the sea-view premium. We also used it to anchor the luxury end of the neighborhood ranking. |
| idealista Ciutat Antiga apartments | This is a live apartment-only neighborhood page inside Palma de Mallorca's main property portal for the historic center. | We used it to validate old-town apartment availability and sub-neighborhood structure. We also used it to check realistic entry prices and unit-size patterns in Palma's historic core. |
| Fotocasa Palma de Mallorca housing price index | Fotocasa is one of Spain's largest property platforms and publishes a recognized housing price index. | We used it as a secondary benchmark for Palma's citywide for-sale market level. We also used it to cross-check that idealista's city signal was not an outlier. |
| INE House Price Index | INE is Spain's national statistics office and the official source for housing price data at the national level. | We used it to frame the national 2025-2026 housing cycle and confirm that Spanish housing prices were still rising strongly. We also used it as the official macro backdrop for Palma de Mallorca's local pricing strength. |
| Colegio de Registradores real estate statistics | Spain's property registrars are a primary institutional source for completed housing market data, including transaction volumes and foreign buyer statistics. | We used it to cross-check market conditions and the role of foreign demand in Spain's housing market. We also used it to support the broader interpretation of pricing pressure in high-demand locations like Palma de Mallorca. |
| MIVAU housing observatories and statistics | Spain's housing ministry is the main official source for national housing and transaction datasets. | We used it to anchor the article in official housing-statistics infrastructure beyond portal data alone. We also used it as part of the cross-checking framework for national housing indicators relevant to Palma de Mallorca. |
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