Newly Built Apartment in Exclusive Development in Palma
€900,000
Apartment
property type
2 days ago
listed
The Habio take
AI summaryThis beautifully designed apartment in Palma features contemporary architecture and offers a blend of comfort and privacy. Located in an exclusive boutique development, it is ideally situated in one of Mallorca’s most desirable locations.
- city
- new build
- quiet
Highlights
- Newly built
- Exclusive boutique development
- 104 square metres of living space
- Contemporary architecture
- Located in a desirable area
Good fit for: Ideal for buyers looking for a modern home in a vibrant city.
Lifestyle scores
- Beach
- 70
- Walkable
- 75
- Remote work
- 70
- Family
- 60
- Retirement
- 70
- Airport access
- 80
- Investment
- 80
- Luxury
- 85
- Value
- 65
About this place
Discover an exceptional opportunity to own a beautifully designed apartment in Palma, where contemporary architecture meets the relaxed Mediterranean lifestyle. This elegant home is part of an exclusive boutique development that comprises just 18 residences, ensuring a sense of privacy and community among neighbours.
Offering 104 square metres of thoughtfully laid-out living space, this apartment reflects timeless design that creates a harmonious atmosphere. It is perfect for those seeking a comfortable home in a vibrant city, surrounded by the beauty of Mallorca.
Whether you're looking to invest or seeking a tranquil retreat, this property presents an ideal choice in Palma, combining modern living with the charm of Mediterranean life.
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
