Chic One-Bedroom Apartment with Terrace in Palma de Mallorca
€325,000€8,125/m²
Palma de Mallorca, Balearic Islands, Spain
1
bedroom
1
bathroom
40 m²
interior
Apartment
property type
29 May 2026
listed
The Habio take
AI summaryThis stylish one-bedroom apartment in El Terreno features a terrace offering tranquil views of Bellver Forest. Nestled in a serene area, it is conveniently close to Palma's historic centre and the vibrant Santa Catalina district, ideal for enjoying both relaxation and city life.
- city
- walkable
- quiet
- historic
Highlights
- Terrace with views of Bellver Forest
- Close to Palma's historic centre
- Short walk to Santa Catalina district
- Peaceful green environment
- Compact and cosy 40 m² layout
Worth knowing
- Limited internal space (40 m²)
- One bedroom may suit couples or singles best
- No specified parking available
Good fit for: Perfect for singles or couples seeking a chic city retreat.
Lifestyle scores
- Beach
- 70
- Walkable
- 85
- Remote work
- 60
- Family
- 40
- Retirement
- 70
- Airport access
- 80
- Investment
- 75
- Luxury
- 65
- Value
- 70
About this place
Chic one-bedroom apartment in El Terreno, boasting a terrace with serene views of Bellver Forest. Set in a peaceful, green enclave, just a short stroll from Palma’s historic center, the lively Santa Catalina district, and the waterfront.
Buying property in Spain
Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.
- 1
Get an NIE
Apply for the foreign-resident tax number at a Spanish consulate, police station, or via a representative with power of attorney.
- 2
Open a Spanish bank account
Needed for the deposit, taxes, mortgage payments, and utilities.
- 3
Engage an independent lawyer
Lawyer runs title, debts, planning, and community-of-owners checks — the notario will not.
- 4
Reservation contract
Small deposit (€3,000–€10,000) takes the property off the market while due diligence runs.
- 5
Sign the contrato de arras
Private purchase contract with a 10% deposit. If the buyer pulls out they lose it; if the seller pulls out they pay double.
- 6
Sign the escritura pública
Final public deed signed before a notario; balance and taxes paid; keys handed over.
- 7
Register the property
Lawyer registers the deed at the Registro de la Propiedad and arranges utility and IBI transfers.
Spain ended its Golden Visa property route in April 2025. Non-resident mortgages are widely available, typically 60–70% LTV. Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax. Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.
General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference
