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Almost four in ten purchases by foreigners – Who still owns Mallorca?

Palma's housing costs: what residents face

Palma is among Spain's most expensive provincial capitals, with high price per square meter.

Published: November 05, 2026
Almost four in ten purchases by foreigners – Who still owns Mallorca?

Answer

In Palma, where is housing most expensive and what does that mean for residents?

Palma shows high housing costs, with the price per square meter around 4,408 euros, making it one of the more expensive provincial capitals. This reflects strong demand in the city and surrounding areas, which can limit options for locals who work there. The pattern points to broader affordability challenges across the island.

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