Stylish Two-Bedroom Duplex in Historic Palma Old Town
€950,000€7,090/m²
Palma de Mallorca, Palma de Mallorca, Spain
2
bedrooms
2
bathrooms
134 m²
interior
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis exceptional two-bedroom duplex offers 134 m² of newly built luxury in the heart of Palma's old town, featuring beautiful stone arches and coffered ceilings. Enjoy a tranquil lifestyle surrounded by historical landmarks, vibrant culture, and easy access to restaurants and boutiques.
- historic
- city
- walkable
- luxury
Highlights
- Historical architecture
- High-quality finishes
- Spacious 134 m² layout
- Tranquil courtyard setting
- Proximity to cultural amenities
Worth knowing
- Limited outdoor space
- Potentially higher noise levels in urban setting
Good fit for: Ideal for those seeking a blend of urban living and historical charm.
Lifestyle scores
- Beach
- 60
- Walkable
- 85
- Remote work
- 80
- Family
- 65
- Retirement
- 70
- Airport access
- 70
- Investment
- 75
- Luxury
- 85
- Value
- 55
About this place
Exceptional property in Casal Mallorquín with beautiful courtyard with stone arches and coffered ceilings. Located in the old town of Palma, this flat offers the perfect combination of tranquillity and urban comfort. Surrounded by historical monuments and a vibrant cultural scene, with easy access to renowned restaurants, boutiques and picturesque parks. Just a short walk from Jaime III and El Borne is this spectacular 134 m² flat, completely newly built 5 years ago with top quality materials.
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
