Data updated on 27 August 2026Data updated: 27 Aug 2026

For sale Penthouse

Son Armadans · Palma · Illes Balears · 07013

Reformed Santa Catalina penthouse, 3 bedrooms

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Fully renovated exterior penthouse in Palma’s Santa Catalina area with 140 m² usable space and a sunny terrace exceeding 70 m². Three bedrooms and two bathrooms support a strong residential rental profile.

Reference 02l1201 · On Inmoblia since 14 August 2026 · Published by Gestpropiedad Cas Catalá

The property

Specifications

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

Type: Penthouse
Usable area: 140 m²
Bedrooms: 3
Bathrooms: 2
Terrace: 70 m²
Floor: ático
Year built: 1963
Condition: Good condition
Aspect: Exterior

Fittings

Fittings and extras

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

Exterior-facing +4
Terrace 70 m² +5
Top floor +3

The advert also mentions:

Water and electricity paid by the tenant
One-month deposit

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

How these values score

The verdict

What the analysis sees

The specific signals the model finds in this property and its municipality, before going into the score in detail.

In favour

In good conditionNo renovation needed to put it on the rental market.

Against

No notable risks in the available data.

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

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 11.9‰ arrivals minus departures from abroad per 1,000 residents · a growing population sustains demand

Registered unemployment

SEPE · yearly average

−5.6% 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 let for… They sell for…

They let for…

Comparable rentals in Palma, including those already let.

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:

Possession: that it is vacant, with no squatters and no tenants on a live contract.
If it is let, the current rent, the type of contract and its expiry date.
The real state of repair and services (possible hidden renovation work) and a valid energy certificate.
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.