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 October 2024.
sale
5,052 €/m²
from 3,465 €/m² to 6,086 €/m²
rent
18.95 €/m²
from 15.97 €/m² to 20.50 €/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 October 2024 the average price asked for residential properties for sale was € 5,052 per square meter, with an increase of 15.79% compared to November 2023 (4,363 €/m²). Over the past 2 years, the average price in Palma de Mallorca municipality reached its peak in October 2024, with a value of € 5,052 per square meter. The month with the lowest asking price was January 2023: for a property for sale, the average price asked was € 3,503 per square meter.
In October 2024 the average price asked for residential rental properties was € 18.95 per month per square meter, with an increase of 14.23% compared to November 2023 (€ 16.59 monthly per square meter). Over the past 2 years, the average price in Palma de Mallorca municipality reached its peak in October 2024, with a value of € 18.95 per square meter. The month with the lowest asking price was January 2023: for a rental property, the average price asked was € 13.21 per month per square meter.
Prices per square meter of the zones in Palma de Mallorca
During October 2024, the asking price for properties for sale in Palma de Mallorca was highest in the Centre area, with € 6,086 per square meter. The lowest price, instead, was in the Llevant area, with an average of € 3,465 per square meter.
During the same month, the asking price for rental properties in Palma de Mallorca was highest in the Ponent area, with € 20.50 per month per square meter. The lowest price, instead, was in the Llevant area, with an average of € 15.97 per month per square meter.
| Zones | Sale(€/m²) | Rent(€/m²) |
|---|---|---|
| Nord | 3,846 | 16.35 |
| Platja de Palma | 5,137 | 19.7 |
| Centre | 6,086 | 18.93 |
| Ponent | 5,937 | 20.5 |
| Llevant | 3,465 | 15.97 |
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.