Mallorca Property Match
Palma, Mallorca

Mallorca areas

Buying property in Palma

Palma is a genuine Mediterranean capital: a historic old town around a landmark cathedral, a working port, museums, international restaurants and a year-round cultural calendar. For buyers who want city life rather than a resort, it is the obvious — and increasingly international — choice on the island.

The property map is diverse. The old town offers restored palacio apartments behind centuries-old façades; Santa Catalina pairs a market-hall food scene with renovated townhouses; Portixol and Molinar put you on a seafront promenade; and the residential west of the city climbs towards Bonanova and Génova with views over the bay.

Life in Palma

Palma is the island's only true year-round city. Restaurants, galleries, theatre, sailing clubs and international schools all operate on a twelve-month calendar, and the airport — fifteen minutes away — connects to most of Europe. Many owners find they use a Palma home far more across the year than a coastal one.

The property market in Palma

Apartments dominate, from compact old-town pieds-à-terre to seafront penthouses. Prices have risen substantially over the past decade as international demand widened, and prime old town, Santa Catalina and Portixol addresses now trade at a clear premium to the city average. Quality of renovation, outdoor space and parking are the recurring value drivers; homes offering all three are scarce.

Who is Palma for?

  • Buyers who want culture, restaurants and services on foot all year
  • Pied-à-terre owners using the home frequently in short stays
  • Buyers relocating for work or schooling who need the airport close
  • Investors focused on the island's deepest rental and resale market

Frequently asked questions

Which Palma neighbourhood should I look at first?

Old town for historic character, Santa Catalina for the food and social scene, Portixol for the seafront, Bonanova or Génova for views and garages. Each trades differently — we help you match neighbourhood to how you will actually use the home.

Is parking really an issue in Palma?

In the old town and Santa Catalina, yes — private parking is scarce and adds meaningful value. Newer buildings and the western residential districts usually include garages.

Can I rent out a Palma apartment to holidaymakers?

Short-term holiday rental of apartments is heavily restricted in Palma and in most cases not permitted. If rental income matters to you, tell us early so we can focus on properties and formats where it is realistic.

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