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 March 2026.
sale
5,400 €/m²
from 4,097 €/m² to 6,883 €/m²
rent
20.27 €/m²
from 16.41 €/m² to 21.45 €/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 March 2026 the average price asked for residential properties for sale was € 5,400 per square meter, with an increase of 2.21% compared to March 2025 (5,283 €/m²). Over the past 2 years, the average price in Palma de Mallorca municipality reached its peak in January 2026, with a value of € 5,585 per square meter. The month with the lowest asking price was May 2024: for a property for sale, the average price asked was € 4,860 per square meter.
In March 2026 the average price asked for residential rental properties was € 20.27 per month per square meter, with an increase of 6.52% compared to March 2025 (€ 19.03 monthly per square meter). Over the past 2 years, the average price in Palma de Mallorca municipality reached its peak in December 2025, with a value of € 20.31 per square meter. The month with the lowest asking price was May 2024: for a rental property, the average price asked was € 18.25 per month per square meter.
Prices per square meter of the zones in Palma de Mallorca
During March 2026, the asking price for properties for sale in Palma de Mallorca was highest in the Centre area, with € 6,883 per square meter. The lowest price, instead, was in the Llevant area, with an average of € 4,097 per square meter.
During the same month, the asking price for rental properties in Palma de Mallorca was highest in the Ponent area, with € 21.45 per month per square meter. The lowest price, instead, was in the Nord area, with an average of € 16.41 per month per square meter.
| Zones | Sale(€/m²) | Rent(€/m²) |
|---|---|---|
| Nord | 4,197 | 16.41 |
| Platja de Palma | 5,535 | 21.05 |
| Centre | 6,883 | 21.07 |
| Ponent | 6,207 | 21.45 |
| Llevant | 4,097 | 17.21 |
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.