The Lanes
Narrow streets, cafés and small squares.
AREA GUIDES PALMA OLD TOWN
AREA GUIDE — Nº 11
Palma
Old Town
Palaces, courtyards and the cathedral at the end of the street. City living at its most beautiful, steps from the sea.
€6,887
Average price per m², postcode 07001, Sep 2026
€8,656
Average price per m², postcode 07012 (the Born), Oct 2026
€722K
Median price, apartments, 07001
+8.6%
Apartment prices, year on year, 07001
RealAdvisor price data for postcodes 07001 (Sep 2026) and 07012 (Oct 2026).
THE ADDRESS
Cathedral. Courtyards.
Sea.
Palma’s old town winds from the cathedral and the Almudaina up through La Calatrava, Sant Nicolau and the Born. Stone palaces, hidden courtyards and narrow lanes.
Restored apartments and penthouses with terraces over the rooftops. Whole buildings change hands quietly.
The seafront, the marinas and the airport, all within fifteen minutes.
Life in Palma Old Town
LIFESTYLE
Courtyards
Patios and palaces behind the old doors.
The Born
Palma’s grand boulevard, shops and terraces.
The Seafront
The Paseo Marítimo and the bay, a short walk away.
WHERE TO BUY
The communities
La Calatrava
Quiet lanes by the old city walls, many with sea views.
€1M – €4M
Sant Nicolau & the Born
Restored palaces and penthouses in the heart of town.
€1.2M – €6M
Cathedral Quarter
Apartments steps from La Seu.
€800K – €3M
Whole Buildings
Palaces and townhouses for restoration or full-floor living.
€4M – €15M+
Indicative 2026 ranges. Ask us for live and off-market pricing.
ENQUIRE
Find your home in Palma Old Town
Tell us what you need. We reply within one working day with live and off-market options.
QUESTIONS
Buying in Palma Old Town
How much does property cost in Palma Old Town?
Homes in postcode 07001 averaged €6,887 per m² in September 2026, and €8,656 per m² in postcode 07012 around the Born in October 2026. The median apartment in 07001 was about €722K (RealAdvisor).
Can I buy a whole historic building in Palma’s old town?
Yes. Palaces and townhouses do come to market, usually privately. Many are protected, so renovation needs heritage approval from Palma city council.
Who sells property in Palma Old Town?
Abode Mallorca, a boutique brokerage based at the St. Regis Mardavall, represents buyers and sellers of apartments, penthouses and historic townhouses in Palma Old Town.
MORE AREA GUIDES