Pere Garau · Palma · Illes Balears

Renovation building in Pere Garau, 538 m²

€1,700,000 3,160 €/m²

Two-storey building in Palma’s Pere Garau with 538 m² built area, 491 m² plot and 11 rooms. Requires comprehensive renovation and offers redevelopment potential for multiple dwellings.

Reference STL-00638 · On Inmoblia since 7 September 2026 · Published by Re/max Major

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
538 m²
Plot
491 m²
Bedrooms
11
Bathrooms
4
Toilets
2
Floors in the property
2
Year built
1930
Condition
Needs renovation
Aspect
Exterior
Energy certificate
In progress
Fittings

Fittings and extras

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

  • Exterior-facing
  • Terrace
  • Balcony
  • Garden
  • Parking 2 spaces

Municipal momentum

Where the local market is heading.

Rent price index

INE · 2011 base = 100 · yearly

+4.2% interanual
131.3 20112014201820212024 101.4 · 2011101.4 · 2011100 · 2012100 · 201298.6 · 201398.6 · 201399 · 201499 · 2014100 · 2015100 · 2015102.3 · 2016102.3 · 2016105.3 · 2017105.3 · 2017110.1 · 2018110.1 · 2018115.3 · 2019115.3 · 2019115.3 · 2020115.3 · 2020117.5 · 2021117.5 · 2021121.8 · 2022121.8 · 2022126 · 2023126 · 2023131.3 · 2024131.3 · 2024

Housing transactions

MIVAU · deals per year

+3.2% interanual
5,134 20112015201820222025 2,626 · 20112,626 · 20112,783 · 20122,783 · 20122,387 · 20132,387 · 20133,582 · 20143,582 · 20144,035 · 20154,035 · 20155,292 · 20165,292 · 20165,890 · 20175,890 · 20175,705 · 20185,705 · 20184,786 · 20194,786 · 20193,674 · 20203,674 · 20205,081 · 20215,081 · 20215,703 · 20225,703 · 20224,933 · 20234,933 · 20234,973 · 20244,973 · 20245,134 · 20255,134 · 2025

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)

Registered unemployment

SEPE · yearly average

−5.5% interanual
11,982 20192021202320242026 24,180 · 201924,180 · 201930,074 · 202030,074 · 202027,778 · 202127,778 · 202118,117 · 202218,117 · 202214,711 · 202314,711 · 202313,535 · 202413,535 · 202412,680 · 202512,680 · 202511,982 · 202611,982 · 2026

Average gross income

AEAT · annual tax return

+3.2% interanual
€34,970 20132016201820212023 €26,452 · 2013€26,452 · 2013€26,841 · 2014€26,841 · 2014€27,994 · 2015€27,994 · 2015€28,973 · 2016€28,973 · 2016€30,343 · 2017€30,343 · 2017€31,869 · 2018€31,869 · 2018€31,826 · 2019€31,826 · 2019€29,097 · 2020€29,097 · 2020€31,615 · 2021€31,615 · 2021€33,871 · 2022€33,871 · 2022€34,970 · 2023€34,970 · 2023

Registered population

INE · yearly population register

0.0% interanual
434,786 20112014201720202025 405,318 · 2011405,318 · 2011405,318 · 2011405,318 · 2011405,318 · 2011405,318 · 2011405,318 · 2011405,318 · 2011407,648 · 2012407,648 · 2012407,648 · 2012407,648 · 2012407,648 · 2012407,648 · 2012407,648 · 2012407,648 · 2012398,162 · 2013398,162 · 2013398,162 · 2013398,162 · 2013398,162 · 2013398,162 · 2013398,162 · 2013398,162 · 2013399,093 · 2014399,093 · 2014399,093 · 2014399,093 · 2014399,093 · 2014399,093 · 2014399,093 · 2014399,093 · 2014400,578 · 2015400,578 · 2015400,578 · 2015400,578 · 2015400,578 · 2015400,578 · 2015400,578 · 2015400,578 · 2015402,949 · 2016402,949 · 2016402,949 · 2016402,949 · 2016402,949 · 2016402,949 · 2016402,949 · 2016402,949 · 2016406,492 · 2017406,492 · 2017406,492 · 2017406,492 · 2017406,492 · 2017406,492 · 2017406,492 · 2017406,492 · 2017409,661 · 2018409,661 · 2018409,661 · 2018409,661 · 2018409,661 · 2018409,661 · 2018409,661 · 2018409,661 · 2018416,065 · 2019416,065 · 2019416,065 · 2019416,065 · 2019416,065 · 2019416,065 · 2019416,065 · 2019416,065 · 2019422,587 · 2020422,587 · 2020422,587 · 2020422,587 · 2020422,587 · 2020422,587 · 2020422,587 · 2020422,587 · 2020419,366 · 2021419,366 · 2021419,366 · 2021419,366 · 2021419,366 · 2021419,366 · 2021419,366 · 2021419,366 · 2021415,940 · 2022415,940 · 2022415,940 · 2022415,940 · 2022423,350 · 2023423,350 · 2023423,350 · 2023423,350 · 2023431,521 · 2024431,521 · 2024431,521 · 2024431,521 · 2024434,786 · 2025434,786 · 2025434,786 · 2025434,786 · 2025

Net international migration

INE · immigration − emigration · yearly

−31.9% interanual
5,867 2021202220232024 -286 · 2021-286 · 20219,060 · 20229,060 · 20228,616 · 20238,616 · 20235,867 · 20245,867 · 2024

Recorded offences

Ministry of the Interior · cumulative

+90.7% interanual
81,629 202420252026 7,648 · 20247,648 · 202417,002 · 202417,002 · 202427,496 · 202427,496 · 202435,540 · 202435,540 · 202442,800 · 202542,800 · 202552,410 · 202552,410 · 202564,643 · 202564,643 · 202573,541 · 202573,541 · 202581,629 · 202681,629 · 2026
Comparables

Similar properties nearby

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

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.