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Santa Catalina, W Mallorca Invest

Palma de Mallorca · neighbourhood guide

Santa Catalina

Palma's old fishing district, now the one everybody walks to.

Book a private consultationWhat we hold here

Photographed in Santa Catalina, W125

8 properties with us here225.000 € to 3.200.000 €Buyer's agent, never the seller'sEnglish · Svenska · Deutsch · Español

The neighbourhood

What Santa Catalina is

Santa Catalina, once a traditional fishing district, is now one of Palma's most sought-after neighbourhoods. The market, the cafés and the restaurants are what people come for, and the streets around them carry character-filled town houses with traditional Mallorcan touches.

The sea on one side and Palma's historic centre on the other are what hold the price here. Our own listings in these few blocks run from a studio waiting for a renovation to a New York style loft with a pool on the roof, and the walk between them is a matter of minutes.

Who buys here

The buyer this neighbourhood suits

Buyers who want to walk everywhere. The portfolio we hold here says it plainly: a small studio to renovate, a mezzanine in a building from 1927 with ceilings of three and a half metres, a town house built in 2020 with its own garage, and a loft hidden in the middle of the district. Couples buying a second home, families who want one address for everything, and operators buying a hospitality business all land in the same few streets.

The homes

What the buildings are

Two things sit side by side. Buildings from the 1920s to the 1970s, most of them renovated at least once and several of them holding only one residence per floor, and a small number of new builds. Orientation matters more than the street here, because the sun on a terrace is what separates two otherwise identical floors.

  • Type of homeApartments, Townhouses
  • Built1927 to 2020
  • Built surface30 to 350 m²
  • Bedrooms1 to 4

What it costs

225.000 €to3.200.000 €

The lowest and the highest of the 6 homes we are holding in Santa Catalina today, reference W182 and reference W181. These are asking prices in our own portfolio, not a market average. Transfer tax, notary and legal fees come on top.

Two business transfers are also on our books in Santa Catalina, a pizza restaurant on Carrer de Sant Magí and a café-bar near Avenida Argentina. Both are quoted as a monthly rent plus a transfer fee, so they sit outside the range above.

W Mallorca Invest here

Our own properties

All 54 properties

Buying in Palma

Three things that apply wherever you buy

  • The transfer tax

    A resale property in the Balearics carries transfer tax, ITP, in bands: 8 per cent up to 400.000 €, rising to 13 per cent above 2.000.000 €, with stamp duty of 1,5 to 2 per cent on top. A new build carries 10 per cent VAT instead of ITP.

    The tax page

  • Securing the property

    When the terms are agreed the home is secured through an Arras, a private contract between the two parties, usually written by the buyer's lawyer, with ten per cent of the price deposited into the notary account and deducted from the final payment.

    The purchase process

  • The agent register

    Law 3/2024 requires every estate agent in the Balearics to be entered in the official register, ROAIIB, and to carry that registration number in every contract. Ours is GOIBE605090/2024.

    The new rules

The next step

Book a private consultation

Thirty minutes, in Palma or by video, in English, Swedish, German or Spanish. We start from Santa Catalina and end with a written brief and a realistic picture of what your budget buys here.

Book a private consultation+34 663 325 338

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