What is it like to live in Levante, Palma de Mallorca?

Levante is a neighbourhood in Palma de Mallorca, Spain. It has a walkability score of 7/10 and a safety score of 8/10. It is considered an established local neighbourhood.

What are property prices like in Levante, Palma de Mallorca?

Property prices in Levante have grown +21.7% over the last 12 months. Gross rental yields range from 5.4–7%. Source: RelocateIQ market analysis, May 2026.

What would monthly mortgage payments be on this Palma de Mallorca property?

At 80% LTV (20% deposit of €49,000), a repayment mortgage at 3.5% over 25 years on this €245,000 property would cost approximately €981/month. Rates vary by lender and applicant profile.

What are the total buying costs for this property in Palma de Mallorca, Spain?

The total acquisition cost for this €245,000 property is approximately €265,825, including 8.5% ITP transfer tax, notary fees, land registry and legal costs. Budget approximately 8.5–10% above the asking price for purchase costs in Andalucía.

What is the price per square metre for this property in Levante?

This property is priced at €4,375/m² for 56m². The median price per m² for comparable properties in Levante is €4,560/m² based on 3 active listings (RelocateIQ, May 2026).

How does the cost of living in Palma de Mallorca compare to London?

Palma de Mallorca is significantly more affordable than London. A couple can expect to save 40–60% on monthly living costs compared to London, with lower food, transport, utilities and leisure costs. Property purchase prices are typically 50–70% lower than equivalent London properties. Source: RelocateIQ cost intelligence, May 2026.

What is the Beckham Law tax saving for remote workers buying in Palma de Mallorca?

Under Spain's Beckham Law (Ley Beckham), qualifying remote workers pay a flat 24% income tax rate on Spanish-source income up to €600,000, compared to a standard effective rate of approximately 35%. On a salary of €80,000, this represents an annual saving of approximately €8,800. The regime applies for up to 6 years. Professional tax advice is recommended to confirm eligibility.

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For sale

€245,000

Flat / apartment in Calle del Regal, Son Canals, Palma de Mallorca

1 beds1 baths56 m²Floor 1

Looking to rent in Levante instead? View district →

Levante, Palma de Mallorca
Rent ~€1,350/mo
+21.7% growth · 5.4–7% yield
medium expat community · Walkability 7/10

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The neighbourhood

What Levante is actually like

Levante carries a medium expat density by Palma standards — present enough that settling in is straightforward, low enough that the district has not been reshaped around foreign residents. The expat community skews toward mid-income professionals and retirees, with a noticeable Northern European contingent. Rather than clustering in a single pocket, expats tend to spread across the residential blocks, with Nala Brunch & Coffee functioning as one of the informal social anchors where English is reliably spoken over a weekday morning. The district supports 26 English-language services (RelocateIQ local data, April 2026), which is a workable infrastructure for day-to-day life without requiring fluency from day one.

The dominant resident profile is local Spanish: families with school-age children, mid-career professionals, and retirees who have lived in the area long enough to know every pharmacy and bus stop. This is not a transient population. That stability shapes the social texture — neighbours tend to know each other, building communities are active, and the pace is deliberately unhurried. For relocators who want to integrate rather than exist in an expat bubble, Levante offers a more realistic entry point than the city centre or coastal districts.

Purchase prices in Levante range from a median of €173,000 for a studio to €700,000 for a five-bedroom-plus property, with the most active segment sitting in the two- and three-bedroom bracket at €324,000 and €424,000 respectively (Fotocasa, April 2026). The one-bedroom median of €224,000 represents solid value for a district this close to central Palma. Gross rental yields hold between 4.7% and 7% depending on bedroom count, with studios and one-beds producing the strongest returns at 5.2%–6.8% and 5.4%–7% respectively — figures that remain competitive against Palma's broader investment market (Fotocasa, April 2026).

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