High-Quality Newly Built Townhouse in Son Espanyolet
€1,500,000€7,614/m²
Palma de Mallorca, Palma de Mallorca, Spain
3
bedrooms
3
bathrooms
197 m²
interior
180 m²
plot
Townhouse
property type
2 weeks ago
listed
The Habio take
AI summaryDiscover this modern three-bedroom townhouse in the sought-after area of Son Espanyolet, Palma de Mallorca. With its generous internal space of 197 m² and proximity to local parks, this property combines luxury living with convenient access to the vibrant city life.
- city
- luxury
- family
- new build
- quiet
Highlights
- Newly built with contemporary finishes
- Spacious 197 m² internal area
- Well-connected location near parks
- Three bedrooms and three bathrooms
- Quiet residential area
Worth knowing
- Limited outdoor space given the plot size
- No lift mentioned
Good fit for: Ideal for families or professionals seeking modern living in a peaceful environment.
Lifestyle scores
- Beach
- 70
- Walkable
- 85
- Remote work
- 70
- Family
- 80
- Retirement
- 60
- Airport access
- 80
- Investment
- 75
- Luxury
- 90
- Value
- 65
About this place
This high-quality new development, consisting of a total of four modern townhouses, is being built in a well-connected location near a park in Son Espanyolet.
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
