Mallorca

New-build in Palma

Buying in Palma de Mallorca means entering the capital of the Balearic Islands: the Gothic La Seu cathedral over the bay, an old town of patios, and one of the Mediterranean’s most prestigious property markets. The selection holds 6 new-builds, mostly apartments.

The selection holds 6 listings: priced €277,000–€1,386,000, €4,470–€8,452/m², yield 4.2–6.8%. Mostly apartments · townhouses.

Palma is island premium with limited supply: little land, international demand, so prices stay firmly high and yields of 4.2–6.8% are often topped up by notable capital growth.

From
€277,000
To
€1,386,000
Price per m²
€4,470–€8,452
Listings
6

Palma districts

Palma blends city and sea: the old town around La Seu cathedral with palaces and patios is the most prestigious and priciest; Santa Catalina is the trendy district of restaurants and lofts; Portixol and El Molinar by the water give seaside life, and Son Vida in the hills offers golf villas with bay views.

Infrastructure and beaches

An international airport with direct flights across Europe (especially from Germany), a large port with cruises and yachts, the old town, the Son Vida golf courses and full urban infrastructure make Palma a year-round, not resort, market.

Who this town suits

Palma suits the premium buyer who wants city life and sea at once, resale liquidity and the status of the Balearic capital; rental is secondary to lifestyle and growth.

Rental seasonality

An urban economy and hub airport give far less seasonality than the island’s beach resorts: demand runs year-round from residents, professionals and a steady European flow.

Palma map: infrastructure and listings

Real OpenStreetMap data: 60 schools, 60 supermarkets and 31 health facilities nearby — plus our new-builds with prices.

Infrastructure is real data © OpenStreetMap. Catalogue pin locations are approximate (demo).

Price €/m² by property type in Palma

Average price per m² by property type, Palmatownhouses€8,452/m²apartments€6,265/m²
Average price per m² by property type, Palma

updated 2026-07-09

New-builds in Palma

6 developments

Apartment in PalmaOff-plan · 2027 Q26.8% yield
Puerto Boulevard
📍 Palma, Mallorca
🛏 2🛁 1📐 85 m²Apartment
€640,000 · €7,527/m²
Apartment in PalmaUnder construction · 2026 Q36.2% yield
Botanic Grove
📍 Palma, Mallorca
🛏 1🛁 1📐 54 m²Apartment
€451,000 · €8,348/m²
Apartment in PalmaOff-plan · 2026 Q45.9% yield
Costa Grove
📍 Palma, Mallorca
🛏 1🛁 1📐 62 m²Apartment
€277,000 · €4,470/m²
Apartment in PalmaOff-plan · 2027 Q45.2% yield
Solana Village
📍 Palma, Mallorca
🛏 1🛁 1📐 58 m²Apartment
€346,000 · €5,970/m²
Townhouse in PalmaOff-plan · 2027 Q44.6% yield
Costa Park
📍 Palma, Mallorca
🛏 3🛁 3📐 164 m²Townhouse
€1,386,000 · €8,452/m²
Apartment in PalmaOff-plan · 2026 Q44.2% yield
Vista Golf
📍 Palma, Mallorca
🛏 3🛁 3📐 125 m²Apartment
€626,000 · €5,008/m²

Frequently asked questions

How much does an apartment in Palma cost?

Palma has 6 new-builds from €277,000 to €1,386,000, with €/m² of €4,470–€8,452. The old town and the Paseo Marítimo seafront are the priciest addresses.

Why is Mallorca property so expensive?

The island is land-constrained and demand is international and year-round. That keeps prices high and makes Palma more a capital-growth than a high-yield market.

What rental yield does Palma offer?

Yield is 4.2–6.8%. Palma’s airport is one of Spain’s busiest, supporting both tourist letting and long-term rentals to staff and expats.

Which Palma district is the most prestigious?

The old town around La Seu cathedral with historic palaces is the top of the market; Santa Catalina is trendier and livelier, Son Vida is for golf villas with bay views.

Does Palma’s market depend on the tourist season?

Less than the island’s beach resorts: a hub airport, port and urban economy sustain demand year-round, not just in summer.

Similar towns

Santa Ponsa · 6Alcúdia · 4

See also

All of Illes BalearsInvesting in SpainRental yield by areaTaxes & mortgage guideBuying as a non-resident