Neighbourhood Report

Palma de Mallorca — Centro

Islas Baleares · 07001, 07002, 07012. The Mediterranean's most-desirable island capital. Unlike Ibiza, Palma works as a year-round residence — which is why Germans and Scandinavians keep buying.

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Overall Score

7.3/10

Investment8/10

Connectivity6/10

Livability9/10

Family8/10

Future Growth8/10

Value for Money5/10

Investment & Pricing

Price / m²

€4600–€6800

Total Price Range

€320k – €2200k

YoY Price Change

+9.4%

Transactions / yr

1,420

Rental Yield

3.8%–4.8%

Service Charge /m²/yr

€14–€32

Demand

Very High

3-Yr Appreciation Est.

+18%

Schools & Safety

Baleares International College

International

Excellent

Colegio San Cayetano

Primary

Good

Crime vs national avg-4% lower

Transport & Location

Transport Score6/10

Commute to Central London0 min

Links

Palma Metro (MU)Palma ferry portSon Sant Joan airport 15min

Amenities

La Seu cathedralPaseo del BorneSanta Catalina marketPalma beach chain

Strengths

Year-round residential demand (not just tourist)
Strong German / Scandinavian buyer base
Limited supply — conservation-protected centre

Weaknesses

Balearic foreign-buyer cap debate ongoing
Short-term let licences capped

Compared to Spain Average

Price/m²

+128%

vs Spain avg €2500

Yield

-1.8pp

vs Spain avg 6.1%

YoY Growth

+2.0pp

vs Spain avg 7.4%

Transport

6/10

vs Spain avg 5.8

Similar Neighbourhoods

Marbella — Golden Mile

Andalucía

3.2–4.4% yield6.7/10

Málaga — Centro Histórico

Andalucía

4.6–5.4% yield8.3/10

Compare with other areas →See yields across the Spain →

Data updated April 2026