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Mallorca's city of superlatives: Buy your comfortable apartment in the dynamic Palma

Palma de Mallorca, the "Pearl of the Mediterranean", truly honors its unofficial epithet. The Mediterranean city, which accounts for around half of the total population of Mallorca, is constantly changing and bursting with dynamism and joie de vivre. The possibilities to live a varied and inspiring life in Palma are countless - hardly surprising that apartments in Palma are some of the most demanded properties of the entire island. Are you also interested in buying an apartment in Palma and want to know more about the capital of the island as a real estate location and the current market situation? Then this article by the real estate agency Engel & Völkers Mallorca is a great starting point for you!

A city - a thousand faces. Your real estate agent about life in Palma de Mallorca

Whether tidy-stylish, historically appealing or culinarily diverse: To a prospective buyer of an apartment on the Mediterranean, Palma de Mallorca proves to be a site with a truly universal character. Palma, and in particular the fascinating old town, present themselves in their new, attractive robe thanks to well thought-out renovation work and are full of sights and hidden highlights that are worth discovering. In addition to the internationally renowned monuments of the Cathedral of Palma and the Palace La Almudaina, you can explore picturesque small cafes, boutiques and delicatessen, which makes every stroll through the city a new experience, especially in the small streets around the Plaza Mayor. The best shopping opportunities can be found at the Paseo del Borne in Palma, where flagship stores of high end labels such as Louis Vuitton or BOSS, as well as major labels such as Zara and Massimo Dutti await you.

The fact that the international high society is gathering in Palma is especially evident when visiting the local marinas near your new apartment. Large and small boats and extravagant superyachts dominate the picture along the palm-fringed harbor promenade and testify to the excellent quality of Mallorca as a watersports area.

At the gastronomic level, Palma offers the best conditions to let yourself be seduced day by day by the culinary repertoire of the local restaurants. The gastronomic landscape is constantly enriched with new, exclusive offers. As your real estate broker with many years of local experience, Engel & Völkers recommends, among other things, the quality offer of the restaurants Adrián Quetglas, La Despensa del Barón and Marc Fosh, all of which are located in the center of Palma.

Varied nightlife options, endless options for sports activities, museums, wellness - Palma de Mallorca is the place to be if you are looking for a versatile, high-quality and in every respect unique location for your apartment in the Balearic Islands.

Real Estate Market Palma de Mallorca: In-depth information for your apartment purchase

Within just five years, the residential real estate market in Palma de Mallorca has seen unprecedented growth: by the end of 2018, the number of properties sold has more than doubled compared to 2014 - an impressive result of the island's rapidly growing popularity. Furthermore, demand outweighs the supply of apartments in Palma, so a determined purchase decision is recommended for you.

Among the top locations in Palma for apartments are the old town, the elegant IN district of Portixol, as well as the districts of El Molinar and Ciudad Jardin: on average, these premium locations offer prices of 800,000 euros for apartments. Apartments with sea views and exclusive new build properties are the most sought after. Cheaper locations can be found, for example, along the Playa de Palma as well as the Cala Major and the district of Sant Agusti, which according to the Engel & Völkers market report are classified as a mid quality location. Here you can already buy attractive apartments for an average of between 500,000 and 600,000 euros. It is precisely the simple to medium-sized locations, for which Engel & Völkers in Mallorca are forecasting further price growth in the future, giving local properties additional appeal.

Take advantage of the many years of market experience and professional knowledge of our estate agents and find the perfect apartment in Palma de Mallorca with our help . Thanks to our branch network of contacts, we know first when the ideal buying opportunity opens up for you - with our help you will soon be the proud owner of your dream apartment in Palma. Schedule an appointment today for your personal consultation with us. Engel & Völkers Mallorca: Your real estate agent in the Mediterranean.

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