Engel & VölkersEngel & Völkers

Palma de Mallorca – living and investing in the most sought-after locations

Palma de Mallorca combines Mediterranean quality of life with urban elegance and ranks among the most sought-after real estate destinations in the Mediterranean. Sun, sea, culture and international flair create a unique lifestyle with year-round appeal. The Old Town, the eastern districts of Portixol and Molinar, and the prestigious southwest are among the most desirable areas. Whether a historic city palace, a modern sea-view apartment or an exclusive penthouse, Palma offers high-quality properties with lasting value potential. Investing here means choosing one of Mallorca’s most attractive addresses: urban, Mediterranean and future-proof.

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Terrace of a stylish property featuring a private pool, with panoramic views over Palma’s Old Town, the Cathedral, and the sparkling Mediterranean Sea

A Lifestyle Framed by Yachts, Culture, and Sun

Quality of life surrounded by history, sea breeze and marina views

Palma’s historic Old Town and the lively district of Santa Catalina captivate with their narrow alleys, grand town houses, and unmistakable charm. From Gothic courtyards to chic boutiques and renowned restaurants, living here means immersing yourself in a vibrant architectural gem. To the east, neighbourhoods like Portixol, Molinar, and Ciudad Jardín offer direct seaside living with long promenades, beach clubs, and a relaxed lifestyle reminiscent of Ibiza. Heading west along the iconic Paseo Marítimo and the elevated area of La Bonanova, luxurious apartments boast sweeping views over yachts, palm-lined boulevards, and the sparkling Mediterranean Sea. Whether you’re drawn to a seafront apartment, a stylish loft, a character-filled townhouse, or a penthouse with panoramic views – the living options in Palma are as diverse as they are exclusive.

  • Unique blend of city, sea and marina

    From Palma’s historic center to the yacht-lined Paseo Marítimo – few cities offer such a perfect mix of urban energy, beach life, and luxury.

  • Year-round Mediterranean living

    Palma is not just for holidays – it’s a full-time destination with top healthcare, international schools, excellent infrastructure, and a rich cultural calendar.

  • High value stability and investment potential

    Stunning properties with views or charm are scarce – making Palma one of the most secure markets for long-term value.

  • Excellent variety of micro-locations

    From elegant villas in La Bonanova to seaside apartments in Portixol or stylish lofts in Santa Catalina – Palma has something for every lifestyle.

  • Global connectivity and cosmopolitan flair

    Just 10 minutes from the airport with direct flights across Europe, Palma is home to a dynamic international community.

Properties in Palma de Mallorca

Renovated cozy duplex with patio
New

Centre, Palma, Balearic Islands, Spain

Renovated cozy duplex with patio

€450,000

  • 1 Bedroom
  • 2 Bathrooms
  • ~95 m² Living area
Renovated cozy duplex with patio
Elegant flat with great potential in Sa Teulera
Exclusive

Ponent District, Palma, Balearic Islands, Spain

Elegant flat with great potential in Sa Teulera

€620,000

  • 4 Bedrooms
  • 2 Bathrooms
  • ~103 m² Living area
  • ~21 m² Terrace surface
Elegant flat with great potential in Sa Teulera
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Urban Elegance, Seaside Lifestyle, and Historic Charm – Your Property in Palma

Top 3 property types in Palma de Mallorca

Whether you're searching for a stylish home in the historic center, a seafront apartment with beach access, or a modern family residence – Palma Southwest, Centre and East offer an outstanding blend of city flair, coastal living, and long-term investment value. Here are the top property types buyers love in this dynamic region.

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View from a charming terrace in Palma, overlooking the elegant façade and bell tower of the Sant Francesc church, surrounded by the city’s timeless architecture

Apartments and penthouses

Elegant apartments and penthouses in Palma’s Casco Antiguo (Old Town), often located in carefully restored historic buildings as well as in Bonanova or at he completly restored Paseo Marítimo, . These properties typically feature Gothic courtyards, original stone walls, high ceilings, and spacious rooftop terraces – sometimes with breathtaking cathedral or sea views.
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Scenic view of Playa de Palma with palm trees lining the shore, offering a perfect beachfront escape with crystal-clear sea views

Sea-view properties

Stylish and modern residences located along the scenic seafront promenades of Paseo Marítimo, Portixol, and Molinar offer breathtaking panoramic views of the Mediterranean, with some also featuring direct sea access. Their close proximity to Palma’s vibrant city life makes these homes among the most desirable addresses on the island.
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Elegant terrace with a dining table, overlooking Parc de la Mar and the historic rooftops of Palma’s Old Town—perfect for enjoying the Mallorcan ambiance

Modern residences and villas

Newly built apartments, townhouses, and contemporary villas near Palma Beach, Ciudad Jardín, La Bonanova or El Terreno – ideal for families, digital nomads, or investors. These areas offer a laid-back beach lifestyle, international schools nearby, and excellent infrastructure, just minutes from Palma’s center and the airport.
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Portrait Terence Panton, License Partner at Engel & Völkers Palma Centre and Beach
Our clients particularly appreciate the combination of Mediterranean elegance and urban lifestyle. Palma offers the best of both worlds – historically rooted and forward-thinking.
Terence Panton
Licence Partner, Engel & Völkers Mallorca Palma de Mallorca & Palma Beach
Hans Lenz, Managing Director of Engel & Völkers Mallorca Southwest, smiling in a professional portrait setting.
Palma's cityscape is set to improve enormously thanks to the modernisation of the Club de Mar marina and the redevelopment of the Paseo Marítimo. Plaza Gomila and the El Terreno neighbourhood are becoming increasingly popular with prospective buyers
Hans Lenz
Managing Director, Engel & Völkers Palma Southwest

Your expert partner in Palma de Mallorca

Bespoke real estate services tailored to you

From the first conversation to the successful key handover – Engel & Völkers Palma Centre, Palma Beach and Southwest is at your side. We offer personalized real estate services that are perfectly aligned with your needs, making your property journey smooth, transparent, and rewarding in one of Mallorca’s most vibrant and sought-after areas.

A bright, modern open-plan office space with white walls and high ceilings. Several people work at adjustable desks while a dog rests nearby. The space features industrial pendant lights, large windows, and a casual seating area with a leather couch.

Individualized property search and personal advice

We listen carefully to your wishes, lifestyle, and investment plans. Whether you are looking for a historic city apartment, a stylish penthouse, or a modern beachside residence, we present only the properties that match your unique vision.

Two professional women in business attire engaged in conversation at a modern office desk, one wearing a striped blazer gesturing while explaining something, the other in a light pink blazer listening attentively, with a laptop and coffee cup on the table.

Reliable valuation and targeted marketing

For owners, we deliver accurate property valuations based on in-depth market knowledge. With customized marketing strategies, we position your property perfectly to attract the ideal buyers – locally and internationally.

Drone shot capturing the lively Plaza Mayor in Palma, surrounded by traditional buildings and narrow streets in the heart of the Old Town

Exclusive access to prime opportunities

Many exceptional properties in Palma’s Centre and along Palma Beach are sold discreetly. Thanks to our trusted network and excellent local connections, we can offer access to exclusive listings not available to the general public.

Scenic view of Playa de Palma with palm trees lining the shore, offering a perfect beachfront escape with crystal-clear sea views

Multilingual, experienced team

Navigating real estate transactions abroad requires clear communication. Our multilingual experts – fluent in Spanish, English, German, and more – ensure a seamless experience from start to finish.

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Local knowledge with global connections

Our team lives and works in Palma, combining insider knowledge of the city and coast with the worldwide reach of the Engel & Völkers network to open up outstanding opportunities for buyers and sellers alike.

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Exclusive Insights for Buyers & Sellers

Discover our brochures – Your guide to making the right move in Mallorca

Whether you're dreaming of the perfect property or planning to sell your home, our expertly curated brochures provide valuable knowledge and insider tips to support your real estate journey. The "Hotspot Mallorca" brochure offers a lifestyle-focused overview of the island’s most sought-after locations, helping you find the setting that best suits your needs. Meanwhile, our Owner Guide outlines the key steps to a successful property sale, including market insights, pricing strategies, and expert advice from Engel & Völkers. Download your copy now and take the first step toward a confident and well-informed decision.

A beautifully designed brochure cover featuring scenic views of Mallorca's coastline, with rolling hills, lush greenery.

Mallorca Hotspot

Explore the island’s lifestyle highlights and find the perfect location for your new home.

Mallorca Hotspot
Two copies of the Engel & Völkers 'Owner Guide: Successful Sales & Marketing Strategy' brochure placed on a light grey surface. The cover features a luxurious poolside view with a stone wall, open doorway, flowering vines, and stylish outdoor furniture.

Owner Guide

Everything you need to know – from market trends to expert tips for maximizing your sale.

Owner Broschure

Explore the Best of Palma

Top neighbourhoods at a glance

Palma offers a unique blend of historic charm, vibrant city life, and coastal relaxation. Whether you're drawn to the elegance of the Old Town, the creative energy of Santa Catalina, or the relaxed seaside atmosphere of Portixol and Palma Beach – the city's neighborhoods cater to every lifestyle. Discover the highlights:

Stunning drone shot of Palma’s city center, showcasing the majestic cathedral with the Mediterranean Sea in the background and the charm of the historic city

Old Town

Palma’s historic heart enchants with stunning architecture, narrow alleyways, and magnificent apartments overlooking the cathedral and the harbor – a dream for lovers of timeless elegance.

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Charming view of the Santa Catalina neighbourhood in Palma, with vibrant streets and traditional architecture

Santa Catalina

Famous for its vibrant atmosphere, historic charm, and excellent restaurants and cafés.

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Beautiful view of Playa de Palma, with its golden sands, turquoise waters, and lively atmosphere, perfect for a day under the sun

Arenal

Arenal, once a humble fishing village, has transformed into one of Palma's most dynamic neighborhoods. Known for its vibrant atmosphere, you'll find colorful streets, chic boutiques, and a thriving restaurant scene, making it a popular spot for both locals and visitors alike.

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Stunning view from a terrace in Portixol, offering panoramic views of the Mediterranean Sea and the charming coastal area of Palma

Portixol

A former fishing village turned upscale hotspot, Portixol offers a relaxed seaside atmosphere, a beautiful promenade, and a perfect blend of beach life and city proximity.

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Paseo Maritimo Mallorca

Paseo Marítimo

Known for its vibrant seaside atmosphere, Paseo Marítimo offers scenic waterfront views, lively cafés and bars, and a wide selection of restaurants serving everything from classic Mediterranean dishes to global flavors.

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Market Report Balearic Islands 2024-2025

Palma is one of Spain’s most stable and attractive real estate markets. In the Centre, East, and Southwest, high quality of life meets strong, lasting property values.
With year-round mild weather, excellent connectivity, and a unique island lifestyle, Palma is also a top choice for primary residences.
Discover detailed market insights in our Market Report 2024/2025.

Download Market Report
Market Report Balearic Islands front cover showcasing the brochure and an image from palma facade with palm trees

Hidden Gem: Sunset aperitivo at Es Baluard

Few visitors know that the terrace of the Es Baluard Museum of Modern and Contemporary Art offers one of the best panoramic views over Palma’s harbor and cathedral. It’s a favorite among locals for an evening drink, tucked away just behind the bustling Paseo del Borne. From here, you can enjoy Mediterranean sunsets far from the crowds.

Exterior view of Es Baluard Museu d'Art Contemporani de Palma in Mallorca, a striking contemporary art museum built into the historic Renaissance-era city walls. The image showcases the museum’s blend of ancient stone fortifications and modern architectural elements, including glass walkways, minimalist concrete structures, and open terraces.

What our clients say about us

OOutstanding service

The best and most personal advice – a big thank you to Anja Reuter.

HHighly professional

A truly pleasant and professional collaboration with Anja! Highly recommended.

FFantastic personal support

My experience with Engel & Völkers was extremely satisfying. They are highly professional, offer fantastic personal support, and always strive to find the best solution for all parties involved (buyers/sellers and landlords/tenants).

FAQ – Buying property in Palma de Mallorca & Palma Beach

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Engel & Völkers Palma Centre

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