Modern One-Bedroom Apartment with Views of El Borne
€744,000€10,479/m²
Palma Old Town, Palma Old Town, Spain
1
bedroom
1
bathroom
71 m²
interior
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis contemporary one-bedroom apartment offers stunning views of El Borne in the heart of Palma's Old Town. Its prime location provides easy access to boutique shops, restaurants, and cafés, enhancing the vibrant lifestyle of the area.
- city
- walkable
- historic
- investment
- retirement
Highlights
- Light-flooded living space
- Modern fitted kitchen
- En suite bathroom and walk-in wardrobe
- Small inside patio for fresh air
- Proximity to shops and dining options
Worth knowing
- Limited outdoor space
- Only one bedroom, may not suit larger families
Good fit for: Ideal for singles or couples seeking a lively urban lifestyle.
Lifestyle scores
- Beach
- 60
- Walkable
- 85
- Remote work
- 70
- Family
- 50
- Retirement
- 65
- Airport access
- 70
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
Modern apartment with great views to the famous El Borne with its Boutique Shops, Restaurants and Cafés. Light flooded apartment with big double glazed windows, spacious living room, an up to date fitted kitchen. The bedroom benefits from its en suite bathroom and the walk in style wardrobe. Moreover, you have a small inside patio (great to have fresh breaze passing in the summer) just next to the kitchen and also a second guest toilet.
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
