Palma is the largest submarket of Mallorca, accounting for around 23% of all residential properties listed for sale on the island and a market roughly 64% larger than Ibiza’s. It also has the most diverse housing stock in Mallorca - in terms of property types, design, and price - with nearly a threefold variation in square-meter values across the municipality. For these reasons, it merits detailed examination. Here, we take a closer look at its key areas for property investment, price distribution and variation, historical trends, architecture/design, and the factors that define the Palma property market.
Palma in the Context of Mallorca
| Metric | Palma | Mallorca |
|---|---|---|
| Average Price €/m² | €5,046 | €5,018.6 |
| Median Price – Villas | €2,250,000 | €1,750,000 |
| Mean Price – Villas | €3,082,474 | €2,756,780 |
| Median Price – Apartments | €950,000 | €750,000 |
| Mean Price – Apartments | €1,237,704 | €1,057,410 |
| Property Type Split | 32% villas / 68% apartments | 66% villas / 34% apartments |
| Rental Price €/m² | €17.65 | €18.83 |
| Rental Yield (%) | 4.20% | 4.50% |
Note: Figures based on our analysis of reporting data and live listings from Idealista and Kyero.
Appendix: Data Sources and Methodology
- Sales prices quoted are calculated from portal list prices as of 13 November 2025.
- Per sqm sales prices are based on Idealista's cleaned reporting data as of end October 2025.
- Average rental price per sqm for the Balearics used as a proxy for Mallorca.
- Average sales prices for Mallorca are calculated using municipality-level €/m² adjusted using weights from listing volumes.
- Per sqm rental prices are based on the average of the figures for the 12 months (Nov 2024 – Oct 2025) as reported by Idealista.
