Housing prices in the municipality of Palma de Mallorca
The map shows the average prices of the residential properties in the municipality of Palma de Mallorca. The reference period is April 2024.
sale
4,835 €/m²
from 3,246 €/m² to 5,985 €/m²
rent
17.78 €/m²
from 15.31 €/m² to 18.84 €/m²
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The following charts show price trends over time for all types of residential property in Palma de Mallorca, both for sale and for rent.
In April 2024 for residential properties for sale was asked an average of € 4,835 per square meter, with an increase of 34.16% compared to April 2023 (3,604 €/m²). Over the past 2 years, the average price in Palma de Mallorca municipality reached its peak in April 2024, with a value of € 4,835 per square meter. The month with the lowest asking price was June 2022: for a property for sale was asked an average of € 3,162 per square meter.
In April 2024 for residential rental properties was asked an average of € 17.78 per month per square meter, with an increase of 24.60% compared to April 2023 (€ 14.27 monthly per square meter). Over the past 2 years, the average price in Palma de Mallorca municipality reached its peak in April 2024, with a value of € 17.78 per square meter. The month with the lowest asking price was June 2022: for a rental property was asked an average of € 11.99 per month per square meter.
Prices per square meter of the zones in Palma de Mallorca
During April 2024, the asking price for properties for sale in Palma de Mallorca was highest in the Centre area, with € 5,985 per square meter. The lowest price, instead, was in the Llevant area, with an average of € 3,246 per square meter.
During the same month, the asking price for rental properties in Palma de Mallorca was highest in the Platja de Palma area, with € 18.84 per month per square meter. The lowest price, instead, was in the Llevant area, with an average of € 15.31 per month per square meter.
| Zones | Sale(€/m²) | Rent(€/m²) |
|---|---|---|
| Nord | 3,446 | 15.36 |
| Platja de Palma | 4,947 | 18.84 |
| Centre | 5,985 | 18.36 |
| Ponent | 5,670 | 18.42 |
| Llevant | 3,246 | 15.31 |
The following charts show information about the real estate property of the municipality of Palma de Mallorca and a summary of the demographic and socio-economic aspects that characterize its resident population, consisting of 422,587 inhabitants.