Palma de Mallorca vs Torrevieja
Palma de Mallorca vs Torrevieja — Real Estate Comparison — Spain
Palma de Mallorca
€510,253Median Price
VS
Torrevieja
€224,609Median Price
Investment & market comparison
| Metric | Palma de Mallorca | Torrevieja | Winner |
|---|---|---|---|
| Median sale price | €510,253 | €224,609 | Torrevieja |
| Median rent (€/mo) | €2,001 | €839 | Torrevieja |
| Gross rental yield | 4.7% | 4.5% | Palma de Mallorca |
| Household income / yr | €45,745 | €24,186 | Palma de Mallorca |
| Population | 434,786 | 98,533 | Palma de Mallorca |
| Population growth (5y) | 2.9% | 16.4% | Torrevieja |
| Price index YoY | 13.4% | 13.5% | Torrevieja |
| Foreign buyer % (MIVAU) | — | 46.9% | — |
| Avg sold price (MIVAU) | — | €195,888 | — |
| Asking vs sold premium | — | 14.7% | — |
Data combines Spanish real-estate portals (asking), INE Atlas income, INE Padrón demographics, MIVAU official transactions, INE IPV price index.
Palma de Mallorca
There are currently 1,285 active listings on the market.
Torrevieja
There are currently 3,775 active listings on the market.
Listing Price Comparison
| Palma de Mallorca | Torrevieja | |
|---|---|---|
| Median Ask Price | €510,253 | €224,609 |