Prime Location Apartment in Santa Catalina, Palma de Mallorca
€495,000€8,839/m²
Santa Catalina, Santa Catalina, Spain
1
bedroom
1
bathroom
56 m²
interior
2 m²
plot
Apartment
property type
5 days ago
listed
The Habio take
AI summaryThis excellent one-bedroom apartment is located in the sought-after Santa Catalina area, known for its vibrant atmosphere and local charm. It's situated in the heart of Palma de Mallorca, offering easy access to a variety of amenities and attractions.
- city
- walkable
- investment
Highlights
- Prime city centre location
- One-bedroom layout
- Close to local amenities
- Vibrant Santa Catalina area
- Ideal for singles or couples
Worth knowing
- Limited space for larger families
- Only one bathroom
Good fit for: Best suited for singles or couples seeking a vibrant city lifestyle.
Lifestyle scores
- Beach
- 60
- Walkable
- 85
- Remote work
- 65
- Family
- 40
- Retirement
- 55
- Airport access
- 75
- Investment
- 70
- Luxury
- 50
- Value
- 65
About this place
This beautiful apartment boasts a prime location in the famous Santa Catalina area, right in the centre of Palma de Mallorca. With an internal area of 56 square metres, it provides comfortable living in a bustling urban environment.
As a one-bedroom residence, it is ideal for singles or couples looking for a stylish city home. The property is situated close to both the cultural and culinary delights that Santa Catalina is renowned for, making it an excellent choice for those who enjoy a lively neighbourhood atmosphere.
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
