Palma de Mallorca – living and investing in the most sought-after locations
When people think of Mallorca, they think of sunshine, the sea, and Mediterranean joie de vivre. Yet few places combine all of this as stylishly and urbanely as Palma – especially the diverse districts of Centre, East, and Southwest – the island’s vibrant heart and an exclusive hotspot for discerning property buyers.
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A Lifestyle Framed by Yachts, Culture, and Sun
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.
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.
Palma is not just for holidays – it’s a full-time destination with top healthcare, international schools, excellent infrastructure, and a rich cultural calendar.
Stunning properties with views or charm are scarce – making Palma one of the most secure markets for long-term value.
From elegant villas in La Bonanova to seaside apartments in Portixol or stylish lofts in Santa Catalina – Palma has something for every lifestyle.
Just 10 minutes from the airport with direct flights across Europe, Palma is home to a dynamic international community.
Urban Elegance, Seaside Lifestyle, and Historic Charm – Your Property in Palma
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.
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.
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.
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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Our clients particularly appreciate the combination of Mediterranean elegance and urban lifestyle. Palma offers the best of both worlds – historically rooted and forward-thinking.
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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
Your expert partner in Palma de Mallorca
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.
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.
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.
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.
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.
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
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.
Explore the island’s lifestyle highlights and find the perfect location for your new home.
Everything you need to know – from market trends to expert tips for maximizing your sale.
Explore the Best of Palma
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:
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.
Famous for its vibrant atmosphere, historic charm, and excellent restaurants and cafés.
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.
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.
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.
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.
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.
The best and most personal advice – a big thank you to Anja Reuter.
A truly pleasant and professional collaboration with Anja! Highly recommended.
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).
Yes. There are no restrictions for EU or non-EU citizens to buy property in Palma. However, it's important to work with local experts to ensure a smooth legal process, especially for tourist rental licenses or heritage properties in the old town.
In general, buyers should calculate approx. 10–13% of the purchase price for taxes and fees. This includes property transfer tax (ITP), notary fees, land registry costs, and legal advice.
Absolutely. Palma offers excellent healthcare, international schools, a rich cultural scene, and a mild Mediterranean climate – making it ideal for permanent residence, especially in Centre & East.
Top investment areas include the Old Town, Portixol & Molinar, and Santa Catalina. These areas offer high demand and limited supply, making them attractive for long-term value and potential appreciation.
Tourist rentals are strictly regulated in Palma. Licenses are limited, especially in multi-family buildings. Our team can advise you on legal options and properties eligible for short-term rental licenses.
High-quality apartments in top locations range from €7,000 to €12,000 per m², depending on features and views. Entry-level properties can still be found under €500,000 around Playa de Palma.
Palma offers a unique blend of urban life, beach access, and Mediterranean flair, all within 10 minutes of the international airport. The city is cosmopolitan, safe, and vibrant all year round.
Once a property is selected, the purchase process typically takes 6 to 10 weeks. Engel & Völkers supports you through every step – from reservation to notary appointment.
Yes, financing is available for international buyers, though conditions may vary. We work with trusted local banks and mortgage brokers to help you find the best option.
Our experienced team at Engel & Völkers Palma knows every corner of the city. We’ll listen to your lifestyle and investment goals and match you with the best-fit neighborhoods.
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