Record Highs in Palma’s Real Estate Market
In October 2025, Palma saw a new all-time high in housing prices: the average price per square meter reached €5,046. The monthly increase was modest—just 0.2%—but compared to the same period last year, property prices surged by 15.1%. Over the past three months, prices have risen by 1.9%, confirming a steady upward trend.
Comparison with National Figures
Nationwide, the average stood at €2,555 per square meter, which is 15.7% higher than a year ago. This means that property values in Palma are more than double the national average, making the city one of the country’s most expensive and sought-after real estate markets.
District Differences: Where Property Is the Most Expensive
Within Palma itself, property prices vary greatly by district. Son Vida remains the most expensive area, with square meter prices at €8,598—an 11.4% rise over the past year. Next are Portixol-Molinar at €7,118 with a slight annual decrease, and the historic center, Ciutat Antigua, where prices climbed 8.6% to reach €6,392. Rounding out the top five most expensive areas are Gènova – Bonanova – Sant Agustí and Santa Catalina – Son Armadans – Marítim, with prices exceeding €6,000 and €5,900 respectively.
Affordable Housing: Where to Find Lower Prices
The most affordable options can be found in Llevant – La Soledat, where the average price is €2,974 per square meter. Over the past year, this area has shown impressive growth—up 25.5%. Other budget-friendly neighborhoods include Rafal – Son Forteza, Son Oliva – Plaza de Toros – Camp Redó, Las Avenidas, and Establiments – Son Sardina, where prices range from €3,400 to €4,000.
Trends and dynamics: what’s happening in the market
Over the past year, the sharpest price jump was recorded in Son Ferriol – Sant Jordi—up 29.9%. Meanwhile, Son Vida saw a slight monthly decrease of 1.2%. The gap between the most expensive and the most affordable neighborhood in the city is nearly threefold, highlighting the high level of market segmentation.
Experts note that Palma remains one of the most dynamic and expensive housing markets in Spain. According to analysts, demand for real estate in the city will stay high in the near future, and the price gap between districts may widen even further.
