A traditional house (casa), often found in towns or villages. May be spread across several floors and typically has less outdoor space than a villa. Palma is one of Spain's most sought-after cities for both short- and long-term rentals. Demand from digital nomads and affluent expats keeps rents high, particularly in Santa Catalina and the Old Town.
Those who want authentic Spanish town character and a short distance to cafés, shops and city life.
Price level: Typically priced below villas but above apartments — varies a lot depending on location within the town.
Houses for long-term rental in Palma — what you need to know
Houses for long-term rental in Palma are a popular choice for international buyers on the Mallorca. Here is our complete guide — with prices, practical advice and what to look out for.
Traditional Spanish houses (casas) in Palma offer access to a more authentic urban landscape than the uniform style of holiday urbanizaciones: houses in the older town districts and villages may have original tiled floors, thick walls that keep out the summer heat, and inner courtyards (patios) that are the heart of Andalusian and Valencian everyday life. The property type typically attracts a different buyer than holiday apartments — those looking for a real home with character, close to local town life and built to last a lifetime.
Renovation is a central theme for older houses in Palma — many of the most characterful properties require investment in electrics, plumbing and insulation to bring them up to modern standards. The renovation potential is, however, an opportunity: a well-planned project can transform a tired house into a unique home with a character that new-build can never match. Always check the status of building permits, the property's registration at the land registry and any outstanding legalisation issues before signing anything — an experienced local solicitor with knowledge of Palma is indispensable.
A house in Palma connects you with authentic Spanish everyday life — permanent neighbours, local markets and a home with character shaped by decades of use. The key question to clarify is your purpose: holiday base or full-time residence? That determines which location and condition is right for you. Houses in the historic town centres typically require more maintenance than newer urbanización properties, but in return offer a character and atmosphere that new-build can never replicate.
Prices for houses in Palma
Palma is one of the most expensive and exclusive property markets compared with the rest of the Mallorca. Houses in Palma typically cost 450,000-900,000 EUR — equivalent to around 3,500-7,000 EUR per square metre or more for a well-maintained property. On top of that, allow for a deposit of 1-2 months' rent and any administration fees.
For a long-term rental, monthly rent typically lands at 1,200-3,500 EUR or more per month for a 2-bedroom apartment. If you opt for short-term/holiday letting instead, prices vary strongly by season — expect 1,500-10,000 EUR or more per week in high season for a villa with a pool in high season.
Houses in Palma — the town's character and location
Palma is one of Spain's most sought-after cities for both short- and long-term rentals. Demand from digital nomads and affluent expats keeps rents high, particularly in Santa Catalina and the Old Town.
Palma attracts international buyers for: the la seu cathedral and a world-class old town, europe's busiest marinas and maritime life and direct flights to almost all of europe. This makes Palma an attractive place to rent a house — not only for personal use but also for letting out and future resale. Need an English-speaking local estate agent in Palma? Contact us here and we will put you in touch with the right local advisor.
Long-term rental of houses in Palma — practical advice and terms
Long-term rentals (over 6-12 months) are regulated by the Spanish tenancy law (LAU) and give you as a tenant significantly stronger rights — including the possibility of staying for up to 5 years, even if the contract was originally shorter. Always get the rental agreement in writing, confirm the deposit terms and make sure a check-in report is in place documenting the property's condition at handover.
Houses in Palma are an attractive option on the Mallorca for long-term tenants. Verify that the property is correctly registered, and ask for a copy of the energy certificate. Solhav is happy to put you in touch with an English-speaking rental specialist in Palma — book a no-obligation chat here.
FAQ: Houses in Palma
What do houses in Palma cost?
Houses in Palma typically cost 450,000-900,000 EUR, depending on location, condition and any views. Beachfront properties and those with sea views are at the upper end of the range. Remember to add ITP transfer tax (8-11% (progressive based on price) in the Balearic Islands) plus notary and legal fees to the buying costs.
Is a house in Palma a good choice?
Those who want authentic Spanish town character and a short distance to cafés, shops and city life. Palma is on the Mallorca and offers one of the most expensive and exclusive property markets — making a house here an attractive choice compared with many other destinations on the coast.
What should I check when renting a house in Palma?
Condition and legal status — always get an independent structural survey and check via the nota simple that the property is correctly registered with no loans or charges.
Can I let out my house in Palma when I am not using it?
Yes. Short-term letting requires a tourist licence issued by the the Govern de les Illes Balears. The licence number must appear in all listings on Airbnb and Booking.com, and fines for unlicensed letting can run into tens of thousands of euros.
Want to rent a house in Palma?
Contact us for a no-obligation chat about houses in Palma. We give impartial advice and help you move forward — wherever you are in the process.
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