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 January 2024.

sale

4,493 €/m²

from 3,108 €/m² to 5,762 €/m²

rent

16.85 €/m²

from 14.88 €/m² to 18.06 €/m²

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Property prices trend in Palma de Mallorca

The following charts show price trends over time for all types of residential property in Palma de Mallorca, both for sale and for rent.

Average price sale (€/m²)
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In January 2024 for residential properties for sale was asked an average of € 4,493 per square meter, with an increase of 28.26% compared to January 2023 (3,503 €/m²). Over the past 2 years, the average price in Palma de Mallorca municipality reached its peak in December 2023, with a value of € 4,494 per square meter. The month with the lowest asking price was March 2022: for a property for sale was asked an average of € 3,050 per square meter.

Average price rent (€/m²)
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In January 2024 for residential rental properties was asked an average of € 16.85 per month per square meter, with an increase of 27.55% compared to January 2023 (€ 13.21 monthly per square meter). Over the past 2 years, the average price in Palma de Mallorca municipality reached its peak in January 2024, with a value of € 16.85 per square meter. The month with the lowest asking price was March 2022: for a rental property was asked an average of € 11.59 per month per square meter.

Prices per square meter of the zones in Palma de Mallorca

During January 2024, the asking price for properties for sale in Palma de Mallorca was highest in the Centre area, with € 5,762 per square meter. The lowest price, instead, was in the Llevant area, with an average of € 3,108 per square meter.
During the same month, the asking price for rental properties in Palma de Mallorca was highest in the Centre area, with € 18.06 per month per square meter. The lowest price, instead, was in the Nord area, with an average of € 14.88 per month per square meter.

ZonesSale(€/m²)Rent(€/m²)
Nord3,23914.88
Platja de Palma4,76217.57
Centre5,76218.06
Ponent5,38017.24
Llevant3,10815.15
Socio-demographic data in the municipality of Palma de Mallorca

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.