
Mallorca Property Prices and the Coastal Premium
It’s no secret that coastal properties in resort
Palma de Mallorca is the home of the island’s capital city and accounts for around 20% of all properties currently on the island’s market. With a large percentage of Palma’s available properties offered at luxury price points, it offers a premium mix of sea view villas, modern apartments, country houses and townhomes. Due to its proximity to the desirable south-east coast, it remains one of the most in-demand locations for high-end real estate in Mallorca.
Looking at villas and houses in Palma, 86% are priced above €1 million, 56% from €2 million, and 36% exceed €3 million:
Over €500K: • Palma: 97% • Mallorca: 94% |
Over €1M: • Palma: 86% • Mallorca: 60% |
Over €2M: • Palma: 56% • Mallorca: 39% |
Over €3M: • Palma: 36% • Mallorca: 29% |
Over €5M: • Palma: 16% • Mallorca: 10% |
Over €10M: • Palma: 2% • Mallorca: 2% |
The average villa listing now stands at €3.4 million, way above the island-wide average of €2.7 million.
Apartments also show a clear premium, with 83% priced over €500,000, nearly half over €1 million and close to a third over €1.5 million:
Over €500K: • Palma: 83% • Mallorca: 75% |
Over €1M: • Palma: 47% • Mallorca: 34% |
Over €1.5M: • Palma: 28% • Mallorca: 19% |
Over €2M: • Palma: 15% • Mallorca: 10% |
Over €2.5M: • Palma: 8% • Mallorca: 6% |
Over €3M: • Palma: 4% • Mallorca: 3% |
The average for apartments in Palma is €1.26 million – 22% higher than the Mallorca average.
On a price-per-sqm basis, coastal areas within Palma command significantly higher prices than the average. For example, the zone covering Portixol and Molinar is priced at €7,371/m², around 50% above Palma’s overall average of €4,907/m².
Since 2011, average property prices in Palma have more than doubled, reaching €4,907/m² in 2025. That’s a compound annual growth rate of 5.37%, in line with the wider island but concentrated in high-end inventory.
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