Exquisite Two-Bed Apartment in Palma de Mallorca’s Old Town
€1,690,000
Spain
Apartment
property type
3 days ago
listed
The Habio take
AI summaryThis exquisite apartment offers a unique blend of historical charm and modern luxury, located in the renowned Old Town of Palma de Mallorca. Recently renovated in 2023, it combines high-quality design with the allure of its heritage.
- historic
- city
- luxury
Highlights
- Meticulously renovated historic building
- Two spacious bedrooms
- Prime location in Old Town
- High-quality finishes and design
- Close to cultural attractions
Worth knowing
- Higher price point for the area
- Limited outdoor space
Good fit for: Ideal for buyers seeking a blend of heritage and modern luxury in a vibrant city.
Lifestyle scores
- Beach
- 80
- Walkable
- 95
- Remote work
- 70
- Family
- 60
- Retirement
- 75
- Airport access
- 90
- Investment
- 85
- Luxury
- 90
- Value
- 70
About this place
Discover an exquisite apartment situated in the heart of Palma de Mallorca’s Old Town — a perfect blend of historical charm and modern luxury. This unique property is nestled in a meticulously conserved ancient building, completely renovated in 2023 to offer the highest standards of quality and design. This charming apartment features 2 spacious bedrooms […]
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
