Palma Real Estate Market: New Records
In September 2025, the average price per square meter of housing in Palma reached €5,036, marking the highest level ever recorded. Over the year, prices rose by 16.9%, and by 0.6% compared to the previous month. These figures confirm a persistent trend of rising property values in the Balearic capital.
Comparison with National Figures
For comparison, the average price across Spain stood at €2,517 per square meter—up 0.7% from the previous month and 15.3% higher than in September of last year. Thus, Palma continues to outpace national averages, securing its position as one of the most expensive housing markets in Spain.
The City’s Most Expensive Districts
Within Palma, property prices vary greatly between districts. The most expensive area is Son Vida, with prices reaching €8,700 per square meter—a 17.3% increase from last year. Next are Portixol-Molinar at €7,191 (up 3.7%) and Ciutat Antiga at €6,455 (up 10.8%). The districts of Genova – Bonanova – Sant Agusti and Sta Catalina – Son Armadans – Maritim also rank among the top five, with prices at €6,192 and €5,912 respectively.
Affordable Districts and Price Trends
The most affordable district remains Llevant – La Soledat, where the average price is 2,966 euros per square meter. However, it has also seen the highest annual increase — 22.3%. In other relatively inexpensive areas such as Rafal – Son Forteza, Son Oliva – Plaza de Toros – Camp Redo, Las Avenidas, and Establiments – Son Sardina, prices range from 3,274 to 4,019 euros, with annual growth between 11% and 14.3%.
Brief overview of the situation
Palma continues to lead among Spanish cities in housing prices. The Son Vida district remains the most prestigious, while Llevant – La Soledat stands out for its highest rate of price increase. Traditionally popular locations such as Santa Catalina and Portixol-Molinar maintain their premium status. Overall, the city’s real estate market shows stable growth and remains attractive to investors.
