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To say it frankly upfront: the choice of renovated apartments in Palma’s historical center is rather small. The demand of charming apartments with double-high ceilings, wooden beams and antique tiled floors, roof terraces and chimneys is higher than what is on offer. This however counts only for the streets of the heart of Palma, where life is rather quiet and genuine in the 400- to 500-year-old townhouses.
Very much on the contrary to the trendy neighbourhood of Santa Catalina, which attracts a younger clientele. The houses here are around 100 years old and most of them are in need of reconstruction, so that often only their demolition makes sense. In such gaps usually modern new constructions are being raised, equipped with high-quality techniques. Such properties too are highly demanded and never stay abandoned for long.
Palma being the capital of the island plays a particular role in the world of real estate in Mallorca. The market moves faster than in other regions of the island and the period until sale has reduced from one year to three to six months. The price for the square meter of a reconstructed old building with terrace, elevator and garage still lies below those in metropoles such as Munich, Hamburg or Stockholm, which makes Palma interesting for investors also.
This equally applies for Palma’s suburb Portixol, the fisher village by the sea having boomed for the last year amongst Northern European residents. The labyrinthic fisher cottages attract creative individuals, because their particular layouts automatically call for inventive living concepts.
The old church of Molinar for example has been turned into a luxurious home with swimming pool. Just like in Santa Catalina the trend moves more and more towards property with vintage charm, people are even looking for imperfectness.
They wish for it to be visible, that the building has come into the years, while the facilities should be most up to date with shaded windows, underfloor heating, air condition and a pool on the roof.
Palma Son Vida
Son Vida was inaugurated in 1956 by Juan More who bought the Finca Son Vida to Marques de la Torre as the most exclusive residential area of the city of Palma. Only 10 minutes from the Cathedral and the centre, from its elevated position it enjoys panoramic views of the bay of Palma and the sea.All Properties from this areaMore
Palma City Surroundings
In this area, we include the outskirts of the town of Palma with zones ranging, from west to east: Calanova-Cala Major, Genova, Bonanova-Son Armadams, and Palma-Arenal beach.All Properties from this areaMore