Palma de Mallorca Regions Palma Surroundings North & Son Vida West Central Northeast Son Vida Southwest Palma South Southeast Central Old Town Santa Catalina Bellver Génova 5 El Terreno Sant Agustí La Bonanova Portixol Cala Major Southwest Porto Pi Es Molinar Ciudad Jardín Price Factors Palma Beach El Arenal Sea View New-Build Quality Top location Very good location Good location Average location Simple location Greenery Apartments - Average Prices in EUR Houses - Average Prices in EUR 2017 2018 2019 2017 2018 2019 > 800,000 > 800,000 > 3,800,000 > 4,000,000 750,000 - 800,000 750,000 - 800,000 2,000,000 - 2,500,000 2,000,000 - 2,500,000 700,000 - 750,000 700,000 - 750,000 1,500,000 - 2,000,000 1,700,000 - 2,000,000 500,000 - 600,000 500,000 - 600,000 1,000,000 - 1,500,000 1,100,000 - 1,700,000 < 450,000 < 450,000 < 1,000,000 < 1,100,000 Apartments: The housing market is moving at a high and stable Houses level. Apartments in the vicinity of Portixol with a sea view are very sought after, and in the Old Town demand for penthouses and apartments with a terrace or balcony is strong. These can Palma Surroundings & Son Vida be purchased for an average price of around 800,000 euros. Inselmitte The modernisation taking place along the Paseo Marítimo is contributing to further dynamic development of the surrounding Central Old Town area, including El Terreno and La Bonanova. In Santa Catalina,allorca d s Santa Catalina another popular neighbourhood, further price growth is expected. Paseo Marítimo Sant Palma Beach offers interesting prospects for purchasers, with AgustíLa Bonanova prices there lying between 500,000 and 600,000 euros. There, Portixol Cala Major Es Molinar too, prices are expected to carry on rising. Ciudad Jardín Houses: The market for town houses in Palma de Mallorca has developed dynamically in recent years. In the Old Town prices Palma Beach now average four million euros. In nearby areas directly on the El Arenal coast around Portixol and in Génova prices have remained at a high and stable level. Cala Major, El Terreno and La Bonanova are also interesting growth areas with potential for prices set to increase. Map 2: House and Apartment Prices – Palma de Mallorca, Casafari LLC