Palma de Mallorca Property Prices, Rents & Rental Yields

About Palma de Mallorca

Palma de Mallorca brings together a historic old town, a working harbour and a Mediterranean waterfront in Mallorca’s island capital. Apartment buildings sit among established streets, cultural landmarks and coastal districts, giving the city an identity that extends beyond any single neighbourhood.

In October 2026, the clearest signal for apartments is the contrast between annual price growth and a softer latest square-metre reading. Average sale prices are up 4.8% year on year, yet the average price per square metre is down 1.8% month on month. These measures cover different time frames and express price differently, so the monthly decline should not be read as a reversal of the annual gain.

The average apartment sale price stands at €550,000, a useful reference for assessing entry costs rather than a guide to every property. That figure held steady from the previous month even as the square-metre measure eased. The combination matters when comparing apartments of different sizes: a stable overall sale-price average and a changing unit-area average can coexist without indicating one direction for every property.

The reported yield is 4.94%, offering a separate snapshot of income relative to price. It helps frame the investment case but does not explain the difference between the price measures. For now, the supported reading is a higher average sale price than a year ago, little movement in that headline figure since last month and a softer short-term reading per square metre.