Apartment prices in Mil Palmeras in 2026
By Bennecke Real Estate ·
The apartment is by far the most common property type in Mil Palmeras, and also the one that generates the most activity each year. If you're weighing up buying or selling an apartment in this area, Bennecke has been managing transactions here since 1988, and here's the data we track on real 2026 prices.
Prices by position within the development
Within Mil Palmeras, the building's position relative to the beach is the factor that most determines an apartment's price, even more than the number of bedrooms.
| Position | Average price €/m² | Total price range (2 bedrooms) |
|---|---|---|
| Front line beach | €2,300 - 2,700/m² | €190,000 - 240,000 |
| Second line, partial sea views | €2,100 - 2,400/m² | €165,000 - 200,000 |
| Inland within the development | €1,900 - 2,200/m² | €130,000 - 165,000 |
The difference between front line and inland can reach 30-35% for apartments with similar features, a wider margin than in larger areas where sea-view apartment supply is broader and competes against itself.
Other factors that move the price
Beyond position, other elements explain price differences between seemingly similar apartments.
- Floor of the building: penthouses with their own terrace command a 10% to 15% premium over mid-level floors.
- Renovation status: kitchens and bathrooms updated in the last 5 years noticeably reduce the negotiation margin.
- Included parking space: not standard in every building in the area, and its absence can knock up to €15,000 off the perceived price.
- State of the owners' community: buildings with well-maintained façades and pools sell faster and at a better price.
Price evolution since 2023
The data we track shows steady growth, in line with the rest of Orihuela Costa, though with lower volatility given it's a smaller market.
- 2023: average reference price around €1,750/m² across all apartments.
- 2024: rise to approximately €1,900/m².
- 2025: average price close to €2,050/m², with higher demand for front-line units.
- 2026: current range of €1,900 to 2,700/m² depending on position within the development.
Why limited supply affects prices so much
Being a small development, the number of apartments coming to market at any given time is small. This means that when a well-kept front-line unit appears, competition among buyers can push the final price above recent comparable transactions, something less common in areas with more supply like La Zenia.
Recommendations for buyers and sellers here
- If buying, be ready to decide quickly when a front-line unit appears, given the low volume of supply.
- If selling, a well-set asking price from day one is especially important in a small market, where the few active buyers directly compare available units.
- Always ask for data on recently closed transactions, not just asking prices of active listings, given how limited the sample size is.
Next step
If you want to know the real value of your apartment in Mil Palmeras or are looking to buy and want us to alert you as soon as an opportunity comes up, Bennecke works with up-to-date data on this area going back to 1988. Write to us at info@bennecke.com or call +34 965 714 362.
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