Checking the original advert…

For sale Building

Centre · Palma · Illes Balears

Four-floor building in Palma old town

€1,525,000

517.8 m² building in central Palma with four floors and 478.85 m² usable area. Requires renovation and has a granted construction licence for immediate rehabilitation.

Reference 4292 · On Inmoblia since 31 August 2026 · Published by Com Propiedad

The property

Specifications

What the advert says about the property: floor area, layout, condition and registry details.

Some advert data is uncertain

We show the source-reported value for context, but exclude it from calculations until the conflicting evidence is resolved.

Type: Building
Built area (source, uncertain): 518 m²
Usable area: 479 m²
Terrace: 39 m²
Floors in the property: 4
Condition: Needs renovation
Aspect: Exterior
Energy certificate: Exempt

Fittings

Fittings and extras

What the property comes with and how much each item weighs in the “Property data” sub-score.

Exterior-facing
Terrace 39 m²

The advert also mentions:

Granted construction licence
Ground-floor commercial unit
33.38 m² basement
19.59 m² mezzanine
Urban-centre setting
Nearby shops and public transport

Free text we could not normalise into a comparable attribute, so it does not score.

Municipal momentum

Where the local market is heading.

Rent price index

INE · 2011 base = 100 · yearly

+4.2% interanual

Housing transactions

MIVAU · deals per year

+3.2% interanual

These series describe the municipality's housing market; for this asset they are context for the area, not for its own segment.

Investment guide for Palma

Municipal demand

The structural depth of demand in the area.

+2.0%Rent trajectory

0 = flat average annual growth of the municipal rent index (INE)

4%Unemployment rate (approx.)

median 10% unemployed over unemployed + social security contributors (a proxy comparable across municipalities)

+13.5‰Net migration

median 11.8‰ arrivals minus departures from abroad per 1,000 residents · a growing population sustains demand

Registered unemployment

SEPE · yearly average

−5.7% interanual

Average gross income

AEAT · annual tax return

+3.2% interanual

Registered population

INE · yearly population register

0.0% interanual

Net international migration

INE · immigration − emigration · yearly

−31.9% interanual

Recorded offences

Ministry of the Interior · cumulative

+90.7% interanual

Recorded offences (municipalities over 20,000 residents only, from 2024) are territorial context: they do not label an area “safe” or “unsafe”, nor do they measure tenant risk.

Comparables

Similar properties nearby

Real references of the same municipality and type, to cross-check rent and price. They are not necessarily active offers.

They sell for…

Comparable sales in Palma, including those already sold.

This is a shortlisting pass over the advert's data, not a due diligence report. Before deciding, check the points we cannot verify from here:

The real service charge and, above all, whether any special levies are approved or pending: they appear in the minutes of the last owners' meetings.
The property's actual IBI: our figure is an estimate from the municipality's cadastral values, not the specific bill.
Charges, mortgages, seizures or easements in the Land Registry extract.