Where rents are rising fastest in Palma (2024)
Across the city, rents rose 6.3% between 2023 and 2024. Centre rose the most (+6.8%); Ponent rose the least (+5.6%).
Rising fastest
| District | 2023 | 2024 | Change |
|---|---|---|---|
| Centre | €10.89 | €11.63 | +6.8% |
| Platja de Palma | €10.35 | €11.02 | +6.5% |
| Nord | €8.56 | €9.09 | +6.2% |
| Llevant | €8.25 | €8.72 | +5.7% |
| Ponent | €10.31 | €10.89 | +5.6% |
Cooling: smallest rises and falls
| District | 2023 | 2024 | Change |
|---|---|---|---|
| Ponent | €10.31 | €10.89 | +5.6% |
| Llevant | €8.25 | €8.72 | +5.7% |
| Nord | €8.56 | €9.09 | +6.2% |
| Platja de Palma | €10.35 | €11.02 | +6.5% |
| Centre | €10.89 | €11.63 | +6.8% |
All areas
| # | District | 2024 | 2023–2024 |
|---|---|---|---|
| 1 | Centre | €11.63 | +6.8% |
| 2 | Platja de Palma | €11.02 | +6.5% |
| 3 | Nord | €9.09 | +6.2% |
| 4 | Llevant | €8.72 | +5.7% |
| 5 | Ponent | €10.89 | +5.6% |
Year-on-year change of the official median or average rent per m² for new leases in each area. Small areas move more from year to year; areas with very few leases are left out. Source: Ministerio de Vivienda y Agenda Urbana – SERPAVI (datos tributarios).