Elegant Apartment in Boutique Development in Palma
€730,000
Palma, Balearic Islands, Spain
Development
property type
3 days ago
listed
The Habio take
AI summaryThis beautifully designed apartment in Palma is part of an exclusive boutique development comprising just 18 residences. Enjoy the perfect blend of contemporary architecture and relaxed Mediterranean living in one of Mallorca's most desirable locations.
- city
- luxury
- new build
Highlights
- Exclusive boutique development with only 18 residences
- Contemporary architecture and design
- Desirable location in Palma
- Privacy and comfort in a stylish setting
- 82 square metres of built area
Good fit for: Ideal for those seeking a stylish and tranquil living experience in Palma.
Lifestyle scores
- Beach
- 70
- Walkable
- 80
- Remote work
- 70
- Family
- 65
- Retirement
- 80
- Airport access
- 85
- Investment
- 75
- Luxury
- 70
- Value
- 60
About this place
This exceptional apartment presents a unique opportunity for prospective buyers looking for a home that embodies privacy, comfort, and timeless design. Located within an exclusive boutique development in Palma, the apartment spans 82 square metres of built area and 76 square metres of usable space, offering modern living in a tranquil setting.
Residents will appreciate the seamless integration of contemporary architecture with the laid-back charm that Mallorca embodies. The development is designed to enhance the lifestyle of its occupants, making it a top choice for those seeking a new home in this vibrant city.
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
