Historic Two-Bed Apartment with Spectacular Views in Palma's Calatrava
€3,900,000
Spain
Apartment
property type
1 week ago
listed
The Habio take
AI summaryThis exceptional second-floor apartment in the historic Calatrava district of Palma boasts spectacular views and a unique blend of history and modernity. Located just steps from the Cathedral and ancient city walls, this property offers a central lifestyle steeped in culture.
- historic
- city
- investment
Highlights
- Historic landmark building over 200 years old
- Renovated by renowned architect Guillermo Forteza
- Spectacular views from the apartment
- Central location near Cathedral and city walls
- Spacious living areas with original features
Worth knowing
- Local amenities not specified
- Higher price point may limit some buyers
- Potential for tourist traffic in the area
Good fit for: Ideal for buyers seeking a blend of history and modern living in a vibrant cultural hub.
Lifestyle scores
- Beach
- 50
- Walkable
- 90
- Remote work
- 70
- Family
- 60
- Retirement
- 75
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 40
About this place
Nestled in the heart of Palma’s historic Calatrava district, this exceptional second-floor apartment forms part of a landmark building originally dating back over two hundred years and thoughtfully reformed in 1923 by renowned architect Guillermo Forteza. Positioned on Plaza Llorenç Villalonga, just steps from the Cathedral and the ancient city walls, the property enjoys a […]
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
