Palma Old Town
Palma Above the City
A private roof terrace with the cathedral in the middle distance.
- Guide price
- €2,150,000
- Status
- Available
- Type
- Apartment
- Bedrooms
- 3
- Built area
- 210 m²
- Plot
- 0 m²
The property
A top-floor apartment in a restored 18th-century palacio, three bedrooms, with a roof terrace that belongs to the apartment alone.
The setting
Inside the old town, on a street narrow enough to stay cool through August, two minutes from Plaça Major and ten from the sea front.
Why it matters
Private roof terraces inside the historic quarter are effectively a fixed supply. Nothing new can be created.
Market context
Palma old town has produced the island's most consistent price-per-m² growth over five years, driven by year-round demand rather than seasonal buying.
Architecture & materials
Original stone arches and beams retained; contemporary insertions in oak and lime plaster. Sensitive, not precious.
Lifestyle & access
Walkable to everything. Strong rental demand outside the summer peak, which is unusual on the island.
Investment perspective
Ready to occupy. Rental yield is realistic at 3.6–4.2% gross under current licensing.
Our advisory view
Tourist rental licensing in the old town is constrained. Buy this for use, not for short-let income.
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