Palma
Luxury apartments and penthouses in Palma de Mallorca. Historic Old Town palaces, modern seafront residences and exclusive properties in the Balearic capital.
FAQ
What are the best areas in Palma for luxury properties?
The most sought-after areas include the Old Town, Paseo Marítimo, Santa Catalina, Son Armadams and the Borne district.
Can foreigners buy property in Palma?
Yes, there are no restrictions on property purchases by foreigners in Spain. EU citizens can buy freely; non-EU buyers will need an NIE.
What is the average price per square metre in Palma?
Luxury properties in prime areas average €6,000-10,000 per square metre, with Old Town palaces and seafront penthouses reaching over €12,000/m².
Is Palma a good investment for rental income?
Yes, Palma offers yields of 4-6% for luxury properties, driven by year-round tourist demand and limited supply in prime locations.