Palma de Mallorca

Palma de Mallorca · Balearic Islands

Essentials of Palma de Mallorca

Palma de Mallorca is a resort city and the capital of the Balearic Islands. It is home to the majority of the inhabitants of Mallorca and has therefore kept its traditional atmosphere, where the hustle and bustle of tourists is not oppressive. In this idyllic city, the residents enjoy a quiet and peaceful environment where high-end hotels, luxury properties and old authentic districts are perfectly mixed up. Palma de Mallorca is renowned for its trendy nightlife but remains a calm haven of peace with an authentic street labyrinth, where a high quality of life is provided.

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Understanding the Palma de Mallorca market

Les three main islands of the archipelago seduce even more buyers every year. Like in Spain, the Balearic real estate market has suffered from the international financial crisis. Prices were particularly cheap, even for luxury properties. Nowadays, the market is gaining strength and this is the perfect time to invest as the islands have a nice real estate offer in terms of upscale villas.

Local guide

Live and invest in Palma de Mallorca

Buying basics

Regarding the property purchasing process, the promise of sale is signed between a buyer and a vendor. an itemized list is attached to the promise of sale. This is a document of related transaction costs such as legal fee, property transfer tax, registration duty, notary fee and real estate agent's fee. Then, the buyer usually places a deposit of 10% of the property price on Notary account in order to guaranty the buyer's commitment. For the following step, the Notary must collect various documents such as the entitlement of the parties, the mortgage situation and even the property verification. He will draw up the deeds, the tax due and the registration of the names of the new owners in the Spanish property register and tax register. On completion of the sale of the real estate, the title deeds are registered with local land registry enabling the title to transfer to the new owner. Before any purchase, it is encouraged to contact a professional of the real-estate market in the area to know the different steps of the buying process.

Seasons

Low Season

Oct 01 – Mar 31

This is the coldest and most humid period, although the months of October and November are quite warm. From December to February the temperatures are falling and the precipitations appear. It is a pleasant season to avoid the masses of tourists.

High Season

Apr 01 – Sep 30

Temperatures rise slowly, even though April remains quite mild. However as early as May, the temperatures become hot, seeing very hot at the arrival of the month of June. The climate is hot and dry and rainfall is low until September.

Peak Season

Jul 01 – Aug 31

It is the driest and most frequented season. The archipelago is taken by storm by tourists from all over the world, who come to enjoy the festive atmosphere of Ibiza and Palma de Mallorca. It is hot and dry with little rain.

Points of interest

Palma Cathedral - La Seu

The Cathedral of Santa Maria of Palma, or commonly referred as "La Seu", is the symbol of the city and even of the Island of Mallorca. This must-see attraction, built in a Gothic style, is known as the Cathedral of Light due to its colourful patterns created by sun when its light crosses the impressive stained...

Bellver Castle Museum

The Bellver Castle was built in the 14th century by order of King Jaume II of Mallorca on a hill and therefore provides breathtaking views on the city of Palma, on the Sierra Tramontana as well as on Pla de Mallorca. Besides, its name comes from ancient Catalan "catalanbell veer", which means "beautiful view".This i...

Pilar and Joan Miró Foudation

Joan Miró was a famous Catalan painter, sculptor and ceramicist who spent most of his life in Mallorca. His former workshop, which turned into a foundation and a museum offers stunning views on the sea and on the surrounding lands. The workshop is the same as when Miró left it: it is full of paintings and unfinished...

Around the destination

Discover other markets in Balearic Islands

The Balearic Islands is an archipelago in the Mediterranean see situated on the East side of Spain. There are eleven small islands and four main islands, which are Mallorca, Menorca, Ibiza and Formentera. The archipelago is situated at 88 kilometers away from the Iberian Peninsula. Since 1978, this set of islands is an autonomous community with more than one million inhabitants. The capital of the Balearic Islands is Palma de Mallorca, located on the main island. Famous for its sandy white beaches, its sunny days, its gastronomy as well as its unrivalled parties, these islands welcome every...

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