--- title: "Penthouse in Avenida Mèxic, Nou Llevant, Palma de Mallorca — Palma de Mallorca" description: "3-bed property in Norte, Palma de Mallorca — €1,250,000 to buy, 130m². District guide & costs · +4.8% price growth. RelocateIQ." lang: en json-ld: | [ { "@context": "https://schema.org", "@type": "WebSite", "@id": "https://relocateiq.live/#website", "name": "RelocateIQ", "alternateName": [ "Relocate IQ", "RelocateIQ.live" ], "url": "https://relocateiq.live", "publisher": { "@id": "https://relocateiq.live/#organization" }, "inLanguage": "en", "potentialAction": { "@type": "SearchAction", "target": "https://relocateiq.live/search?q={search_term_string}", "query-input": "required name=search_term_string" } }, { "@context": "https://schema.org", "@id": "https://relocateiq.live/#organization", "@type": "Organization", "name": "RelocateIQ", "alternateName": [ "Relocate IQ", "RelocateIQ.live" ], "url": "https://relocateiq.live", "logo": { "@type": "ImageObject", "url": "https://relocateiq.live/favicon.png", "width": 512, "height": 512 }, "image": "https://relocateiq.live/og-default.png", "description": "RelocateIQ is the relocation intelligence platform for UK, German and Dutch expats moving to Spain. RelocateIQ combines live property data, cost-of-living analysis and neighbourhood-level guides to help people make confident relocation decisions.", "slogan": "Relocation intelligence for Spain.", "foundingDate": "2025", "founders": [ { "@type": "Person", "name": "RelocateIQ Team" } ], "contactPoint": [ { "@type": "ContactPoint", "contactType": "customer support", "email": "hello@relocateiq.live", "availableLanguage": [ "English", "Spanish", "German", "Dutch" ] } ], "sameAs": [ "https://www.crunchbase.com/organization/relocateiq" ], "knowsAbout": [ "Relocation to Spain", "Spanish property market", "Cost of living in Spain", "Beckham Law", "Non-Lucrative Visa", "Digital Nomad Visa Spain", "Spanish neighbourhoods", "Expat life in Spain" ], "knowsLanguage": [ "en", "es", "de", "nl" ], "areaServed": [ { "@type": "Country", "name": "Spain" }, { "@type": "Country", "name": "United Kingdom" }, { "@type": "Country", "name": "Germany" }, { "@type": "Country", "name": "Netherlands" } ] }, { "@context": "https://schema.org", "@id": "https://relocateiq.live/#organization", "@type": "Organization", "name": "RelocateIQ", "url": "https://relocateiq.live", "logo": { "@type": "ImageObject", "url": "https://relocateiq.live/og-default.png" }, "description": "Relocation intelligence platform for UK, German and Dutch expats moving to Spain. Live property data, cost-of-living analysis and neighbourhood guides.", "sameAs": [], "knowsAbout": [ "Relocation", "Property", "Visas", "Cost of living", "Spain" ], "areaServed": [ { "@type": "Country", "name": "Spain" }, { "@type": "Country", "name": "United Kingdom" }, { "@type": "Country", "name": "Germany" }, { "@type": "Country", "name": "Netherlands" } ] }, { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Spain", "item": "https://relocateiq.live/spain" }, { "@type": "ListItem", "position": 2, "name": "Palma de Mallorca", "item": "https://relocateiq.live/spain/palma-de-mallorca" }, { "@type": "ListItem", "position": 3, "name": "Norte", "item": "https://relocateiq.live/spain/palma-de-mallorca/norte" }, { "@type": "ListItem", "position": 4, "name": "Penthouse in Avenida Mèxic, Nou Llevant, Palma de Mallorca", "item": "https://relocateiq.live/spain/palma-de-mallorca/norte/property/sale/111534405-penthouse-in-avenida-mexic-nou-llevant-palma-de-mallorca" } ] }, { "@context": "https://schema.org", "@type": "Product", "additionalType": "https://schema.org/RealEstateListing", "name": "Penthouse in Avenida Mèxic, Nou Llevant, Palma de Mallorca", "description": "3-bed property in Norte, Palma de Mallorca — €1,250,000 to buy, 130m². District guide & costs · +4.8% price growth. RelocateIQ.", "url": "https://relocateiq.live/spain/palma-de-mallorca/norte/property/sale/111534405-penthouse-in-avenida-mexic-nou-llevant-palma-de-mallorca", "image": [ "https://sdwnpfzklbrvmnyadsqi.supabase.co/storage/v1/object/public/property-listing-images/palma-de-mallorca/norte/111534405-thumb.webp" ], "numberOfRooms": 3, "floorSize": { "@type": "QuantitativeValue", "value": 130, "unitCode": "MTK" }, "additionalProperty": { "@type": "PropertyValue", "name": "pricePerSquareMeter", "value": 9615, "unitCode": "MTK", "unitText": "EUR/m²" }, "datePosted": "2026-06-10", "dateModified": "2026-08-24", "address": { "@type": "PostalAddress", "streetAddress": "Penthouse in Avenida Mèxic, Nou Llevant, Palma de Mallorca", "addressLocality": "Palma de Mallorca", "addressCountry": "ES" }, "geo": { "@type": "GeoCoordinates", "latitude": 39.5675613, "longitude": 2.6704288 }, "offers": { "@type": "Offer", "price": 1250000, "priceCurrency": "EUR", "availability": "https://schema.org/InStock", "validFrom": "2026-06-10", "businessFunction": "https://purl.org/goodrelations/v1#Sell" } }, { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "What is it like to live in Norte, Palma de Mallorca?", "acceptedAnswer": { "@type": "Answer", "text": "Norte is a neighbourhood in Palma de Mallorca, Spain. It has a walkability score of 6/10 and a safety score of 8/10. It is considered an established local neighbourhood." } }, { "@type": "Question", "name": "What are property prices like in Norte, Palma de Mallorca?", "acceptedAnswer": { "@type": "Answer", "text": "Property prices in Norte have grown +4.8% over the last 12 months. Gross rental yields range from 4.8–6.1%. Source: RelocateIQ market analysis, August 2026." } }, { "@type": "Question", "name": "What would monthly mortgage payments be on this Palma de Mallorca property?", "acceptedAnswer": { "@type": "Answer", "text": "At 80% LTV (20% deposit of €250,000), a repayment mortgage at 3.5% over 25 years on this €1,250,000 property would cost approximately €5,006/month. Rates vary by lender and applicant profile." } }, { "@type": "Question", "name": "What are the total buying costs for this property in Palma de Mallorca, Spain?", "acceptedAnswer": { "@type": "Answer", "text": "The total acquisition cost for this €1,250,000 property is approximately €1,356,250, 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." } }, { "@type": "Question", "name": "What is the price per square metre for this property in Norte?", "acceptedAnswer": { "@type": "Answer", "text": "This property is priced at €9,615/m² for 130m². The median price per m² for comparable properties in Norte is €3,042/m² based on 22 active listings (RelocateIQ, August 2026)." } }, { "@type": "Question", "name": "How does the cost of living in Palma de Mallorca compare to London?", "acceptedAnswer": { "@type": "Answer", "text": "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, August 2026." } }, { "@type": "Question", "name": "What is the Beckham Law tax saving for remote workers buying in Palma de Mallorca?", "acceptedAnswer": { "@type": "Answer", "text": "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." } } ] } ] --- ## See this property the way you'd actually live in it. Two quick details so the numbers reflect _your_ situation. Your UK postcode (or first part) 💡 Enter your full UK postcode for figures that reflect your actual area. Without it we use national averages only. [Find my postcode →](https://www.royalmail.com/find-a-postcode)I'm not from the UK Life stage 🧳 Moving solo Single or independent 👫 Couple Two of you relocating 👨‍👩‍👧 Family Children coming too 🌅 Retiring Semi or fully retired Your current housing in the UK 🔑 Renting I pay rent every month 🏠 Own with mortgage I have a mortgage I'm still paying ✓ Own outright No mortgage — I own my home Total comfortable life · all-in monthly £2,800 UK €0 Palma de Mallorca Save 100% Estimated savings vs your current life Year 1 £33,600 3 years £100,800 5 years £168,000 That's enough to buy a property outright in many Spanish cities Show me this property → No account needed · Nothing stored without your permission [RelocateIQ](/) [Spain](/spain)[Compare](/compare) ComparisonNeighbourhoodDaily costsGetting aroundLocal lifeMarketCalculatorsPracticalities 🔖 Save📷 View photo[View on Idealista ↗](https://www.idealista.com/inmueble/111534405/) For sale # 3-bed apartment in Norte, Palma de Mallorca — €1,250,000 Penthouse in Avenida Mèxic, Nou Llevant, Palma de Mallorca 3 beds 2 baths 130 m² Floor 6 Lift [Looking to rent in Norte instead? View district → ](/spain/palma-de-mallorca/norte) - Norte, Palma de Mallorca - Rent ~€1,575/mo - +4.8% growth · 4.8–6.1% yield - medium expat community · Walkability 6/10 Your personalised cost comparison will appear here ⚠ Above district median This property is priced at **€9,615/m²** — **216%** above the median for a **3-bed** in **Norte** (€3,042/m² based on 22 active listings). A comparable 3-bed at the district median would cost approximately **€395k**. That's a difference of: - • **€855k** on purchase price - • **€73k** less in taxes and fees (approx 8.5% ITP + notary) - • **€3,423/mo** less on mortgage payments - • Total: **€927k** less to own a comparable property nearby [See similar properties in Norte →](/spain/palma-de-mallorca/norte#listings) The neighbourhood ## What Norte is actually like Norte's residential base is predominantly middle-class Spanish families and local professionals. Owner-occupation is the norm rather than the exception, and the streets around the district reflect that stability — quieter on weekday mornings, active around school drop-off times, with a pace that prioritises routine over novelty. The expat presence is medium-density by Palma standards, with 27 English-language services operating in the district (RelocateIQ local data, April 2026), which is a functional rather than saturated level of provision. The expat community skews toward relocating professionals and families rather than retirees or short-stay digital nomads. Northern Europeans — Germans, Scandinavians, and British nationals — make up the visible expat layer, typically drawn here by school proximity and value relative to Palma's more expensive central and coastal districts. Orígenes Café de Especialidad functions as the closest thing Norte has to an expat meeting point, with a specialty coffee offer that draws a mixed local-international crowd. The social mix is integrated rather than segregated — this is not a district where expats cluster in a single pocket. Studio and one-bed units represent the sharpest entry points in Norte. Studios carry a median purchase price of €118,000 with gross yields running between 6.8% and 9.2%, while one-beds sit at €225,000 with yields of 6.2%–8.8% (Fotocasa, April 2026). These are among the stronger yield profiles available in Palma's residential districts, supported by consistent rental demand from young professionals and single relocators. Average days on market for studios is 38 days, and one-beds clear in 42 days — both well below the district average of 47 days, indicating tighter demand at the lower end of the market (Fotocasa, April 2026). Best for - ✓ Families with children - ✓ Relocating professionals - ✓ Long-term renters Not for - × Nightlife seekers - × Budget singles - × Walkability prioritizers Walkability 6.0/10 Transit 7.0/10 Safety 8.0/10 Family 9.0/10 Nightlife 3.0/10 Green space 7.0/10 Value 8.0/10 Cost of life ## What life actually costs in Palma de Mallorca Monthly estimates · compared to London Morning coffee €1.44 per cup · vs London price −45% Draught beer €2.55 per pint · vs London price −44% Figures are city-level monthly estimates. Source: Numbeo Cost of Living Index 2024, updated quarterly. Getting around ## How connected is Norte? Platja de Palma 🚌 34 min transit 🚗 15 min drive Palma de Mallorca Airport 🚌 119 min transit 🚗 14 min drive Plaça Major, Palma 🚶 10 min walk 🚌 10 min transit 🚗 14 min drive Palma Intermodal Station 🚶 6 min walk 🚌 4 min transit 🚗 8 min drive Nearest metro: Son Sardina Estació (308) · 5360m €1,250,000 ⚠ Approximate [Open in Maps ↗](https://maps.google.com/?q=39.5675613,2.6704288) Market intelligence ## The Norte property market Price growth · last 12 months +4.8% Gross rental yield 4.8–6.1% 2026 forecast +2.8% 📅 Market data last verified: 24 August 2026 [🗺️ Full neighbourhood guide Schools · cafés · expat life · what it's really like › ](/spain/palma-de-mallorca/norte) Balanced Week of 2026-08-24 ### Buy Balanced Active listings 40 Median price €319,100 €3,355/m² Avg days on market 75 Weeks of supply — ### Rent Balanced Active listings 15 Median price €1,800 /month Avg days on market 83 Weeks of supply — District intelligence · RelocateIQ Run the numbers ## Calculators for your situation 🏦 Mortgage calculator What would monthly payments be? 🛒 Cost of living How far does your income go here? ⚖️ Beckham Law calculator Remote worker? See your tax saving PRACTICALITIES ## What buying here actually involves Year built Not disclosed Catastral ref Not disclosed IBI estimate €400–900/yr typical — confirm with agent Community fees ~€40–120/mo typical — confirm with agent True cost: ~€1,367,321 · 9.4% above asking 🔨 Could this property be renovated? [Looking to rent in Norte instead? View district → ](/spain/palma-de-mallorca/norte) Relocation guides ### Everything you need to know about moving to Palma de Mallorca [ Visa & legal requirements spain/palma-de-mallorca/guides/visa-legal ](/spain/palma-de-mallorca/guides/visa-legal)[ Non-resident mortgages spain/palma-de-mallorca/guides/mortgages ](/spain/palma-de-mallorca/guides/mortgages)[ Health insurance in Spain spain/palma-de-mallorca/guides/health-insurance ](/spain/palma-de-mallorca/guides/health-insurance)[ Setting up utilities spain/palma-de-mallorca/guides/utilities ](/spain/palma-de-mallorca/guides/utilities)[ Mobile & internet spain/palma-de-mallorca/guides/mobile-connectivity ](/spain/palma-de-mallorca/guides/mobile-connectivity)[ Removals & shipping spain/palma-de-mallorca/guides/removals ](/spain/palma-de-mallorca/guides/removals)[ Beckham Law & tax spain/palma-de-mallorca/guides/tax-beckham-law ](/spain/palma-de-mallorca/guides/tax-beckham-law)[ Bringing your car spain/palma-de-mallorca/guides/your-car ](/spain/palma-de-mallorca/guides/your-car) Guides & tools ## Everything you need to move to Palma de Mallorca Practical reading for buyers moving to Palma de Mallorca. [ ### Mortgages in Palma de Mallorca Read the guide → ](/spain/palma-de-mallorca/guides/mortgages)[ ### Visa & legal in Palma de Mallorca Read the guide → ](/spain/palma-de-mallorca/guides/visa-legal)[ ### Tax & Beckham Law in Palma de Mallorca Read the guide → ](/spain/palma-de-mallorca/guides/tax-beckham-law)[ ### Utilities in Palma de Mallorca Read the guide → ](/spain/palma-de-mallorca/guides/utilities)[ ### Removals to Palma de Mallorca Read the guide → ](/spain/palma-de-mallorca/guides/removals)[ ### Health insurance in Palma de Mallorca Read the guide → ](/spain/palma-de-mallorca/guides/health-insurance) Explore more ## Other properties you might like ✦ Personalise your results Optional Match scores update around what matters most to you All pricesUnder €200k€200–300k€300–500k€500k+ [ ![Flat / apartment in Son Gotleu, Palma de Mallorca](https://sdwnpfzklbrvmnyadsqi.supabase.co/storage/v1/object/public/property-listing-images/palma-de-mallorca/levante/111633301-thumb.webp) €115,000 Flat / apartment in Son Gotleu, Palma de Mallorca 3 bd 1 ba 66 m² ](/spain/palma-de-mallorca/norte/property/sale/111633301-flat-apartment-in-son-gotleu-palma-de-mallorca)[ ![Flat / apartment in Camino de Son Gotleu, Son Gotleu, Palma de Mallorca](https://sdwnpfzklbrvmnyadsqi.supabase.co/storage/v1/object/public/property-listing-images/palma-de-mallorca/levante/111675358-thumb.webp) €185,000 Flat / apartment in Camino de Son Gotleu, Son Gotleu, Palma de Mallorca 2 bd 1 ba 58 m² ](/spain/palma-de-mallorca/norte/property/sale/111675358-flat-apartment-in-camino-de-son-gotleu-son-gotleu-palma-de-m)[ ![Terraced house in Calle Forteza, 345, Hostalets - Son Fortesa Sud, Palma de Mallorca](https://sdwnpfzklbrvmnyadsqi.supabase.co/storage/v1/object/public/property-listing-images/palma-de-mallorca/centro/111598859-thumb.webp) €190,000 Terraced house in Calle Forteza, 345, Hostalets - Son Fortesa Sud, Palma de Mallorca 3 bd 2 ba 100 m² ](/spain/palma-de-mallorca/norte/property/sale/111598859-terraced-house-in-calle-forteza-345-hostalets-son-fortesa-su)[ ![Flat / apartment in Passatge Pic Cebollera, Son Gotleu, Palma de Mallorca](https://sdwnpfzklbrvmnyadsqi.supabase.co/storage/v1/object/public/property-listing-images/palma-de-mallorca/levante/111643062-thumb.webp) €194,400 Flat / apartment in Passatge Pic Cebollera, Son Gotleu, Palma de Mallorca 3 bd 1 ba 93 m² ](/spain/palma-de-mallorca/norte/property/sale/111643062-flat-apartment-in-passatge-pic-cebollera-son-gotleu-palma-de) [ Everything about living in Palma de Mallorca Cost of living · schools · healthcare · visa · expat life ](/spain/palma-de-mallorca) ### Other neighbourhoods in Palma de Mallorca Each neighbourhood has its own character — prices to help you choose where to look next [ Centro 🔑 Rent from: €900/mo 🏠 Buy from: €200k ](/spain/palma-de-mallorca/centro)[ Levante 🔑 Rent from: €650/mo 🏠 Buy from: €135k ](/spain/palma-de-mallorca/levante)[ Playa de Palma 🔑 Rent from: €850/mo 🏠 Buy from: €135k ](/spain/palma-de-mallorca/playa-de-palma)[ Poniente 🔑 Rent from: €800/mo 🏠 Buy from: €165k ](/spain/palma-de-mallorca/poniente) ### Plan your move Practical guides for relocating to Palma de Mallorca [ Visa & legal ](/spain/palma-de-mallorca/guides/visa-legal)[ Non-resident mortgages ](/spain/palma-de-mallorca/guides/mortgages)[ Beckham Law & tax ](/spain/palma-de-mallorca/guides/tax-beckham-law) ### Explore other cities in Spain Not sure Palma de Mallorca is right? Prices to help you compare [ 🇪🇸 Barcelona Cosmopolitan coastal capital of Catalonia 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/barcelona)[ 🇪🇸 Madrid Energy and culture at the heart of Spain 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/madrid)[ 🇪🇸 Seville Andalusian charm, classic Spain 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/seville)[ 🇪🇸 Valencia Beach city with a relaxed pace 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/valencia)[ 🇪🇸 Málaga Sunny Costa del Sol hub, expat-friendly 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/malaga)[ 🇪🇸 Alicante Affordable beach living on the Costa Blanca 🔑 Rent from: €350/mo 🏠 Buy from: €38k ](/spain/alicante)[ 🇪🇸 Granada Historic, walkable, low cost of living 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/granada)[ 🇮🇨 Tenerife Year-round sun and island lifestyle 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/tenerife)[ 🇪🇸 Palma de Mallorca Island capital with international scene 🔑 Rent from: €650/mo 🏠 Buy from: €90k ](/spain/palma-de-mallorca)[ 🇪🇸 Cádiz Atlantic coast, ancient and unhurried 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/cadiz)[ 🇪🇸 Girona Medieval Catalan city near the Pyrenees 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/girona)[ 🇪🇸 Tarragona Roman heritage on the Costa Daurada 🔑 Rent from: €1/mo 🏠 Buy from: €0k ](/spain/tarragona) 🇪🇸 Bilbao Coming soon Basque culture and modern art Prices available on launch 🇪🇸 San Sebastián Coming soon Coastal gastronomy capital Prices available on launch RelocateIQ Smart relocation decisions, powered by data #### Product - [Compare Cities](/compare) - [How It Works](/why-relocateiq) - [Data Sources](/#data-sources) - [Privacy Policy](/privacy) #### Use Cases - [Remote Workers](/compare) - [Retirees](/compare) - [Families](/compare) - [Digital Nomads](/compare) #### Support - [About RelocateIQ](/about) - [Why RelocateIQ](/why-relocateiq) - [FAQ](/#faq) - [Contact Us](/contact) - [Feature Requests](/feature-requests) - [Report Issue](/report-issue) © 2025 RelocateIQ. All rights reserved. For informational purposes only. Not financial advice.