How big are the price differences in Palma really — a look at two worlds

Palma: identical square meters, huge price gap

In Palma you notice it while strolling: one street over the same 90-square-meter apartment can be valued completely differently. The numbers from the second quarter of 2025 clearly show how unequal the market is here. While the Balearics on average are around 396,573 euros per apartment, the nationwide average is only about 226,226 euros. That already says a lot about the situation.

Sea view beats school route

An example that comes up in many conversations in cafés or at the harbor: Portixol-Molinar. Here prices are around 7,364 euros per square meter. If you calculate that, a 90 m² apartment costs around 662,760 euros. Not a bargain — but also no surprise when you think of the promenade, the smell of boats, and the view of the bay. The area recently recorded an increase of about 6.1 percent year over year.

Family-friendly neighborhoods with a clearly cheaper price tag

On the other side are districts like La Vileta or Son Rapinya. Here the price per square meter is around 4,179 euros, i.e., around 376,110 euros for the same 90 square meters. Interestingly, prices there rose more — almost 14.3 percent compared to the previous year. Quiet streets, schools, greener surroundings: that attracts families, even if the sea view is missing.

What does this mean for buyers and residents?

For prospective buyers, that mainly means one thing: location decides. Some pay a premium for signals like "near the center" or "direct beach access." Others see in districts like La Vileta a chance to get more space for money and still be close to schools and small shops. And while investors keep aiming for returns, locals often feel the flip side — rising rents, pressure on established neighborhoods.

I am often out and about here — mornings on the Paseo, afternoons at the market. And again and again I hear the same sentence: "In the old days you knew the neighbors, today the door costs more than life." Numbers explain the differences. The city, however, tells the stories behind them: gentrification, educational institutions, microclimate and simply: view or no view.

Short conclusion: Whoever buys in Palma buys not only square meters. He buys a piece of the city — with all the advantages and tensions that come with it.