Palatial Six-Bedroom Apartment in Historic Palma Building
€3,000,000€8,571/m²
Palma Old Town, Palma Old Town, Spain
6
bedrooms
3
bathrooms
350 m²
interior
1 m²
plot
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis expansive six-bedroom apartment, located in one of Palma's most renowned historical buildings, offers a luxurious living experience. Situated in Palma Old Town, residents can enjoy a vibrant cultural scene along with charming streets and historic architecture right at their doorstep.
- historic
- city
- luxury
- investment
Highlights
- Spacious 350 m² internal area
- Located in a prestigious historical building
- Six bedrooms and three bathrooms
- Large plot size of 1,224 m²
- Potential for renovation or personalisation
Worth knowing
- High maintenance costs typical of historic properties
- Potentially limited outdoor space due to urban setting
Good fit for: Ideal for those seeking a large and distinctive home in a cultural hub.
Lifestyle scores
- Beach
- 50
- Walkable
- 90
- Remote work
- 60
- Family
- 80
- Retirement
- 65
- Airport access
- 85
- Investment
- 70
- Luxury
- 75
- Value
- 50
About this place
Palatial apartment in one the most renown buildings of Palma with ample space throughout.
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
