Newly Built Three-Bed Townhouse in Son Espanyolet, Palma

€1,500,000€8,108/m²

Palma de Mallorca, Palma de Mallorca, Spain

3
bedrooms
3
bathrooms
185 m²
interior
168 m²
plot
Townhouse
property type
2 weeks ago
listed

The Habio take

AI summary

This newly built townhouse features a spacious 185 m² layout with three bedrooms and three bathrooms, ideal for modern living. Located in the sought-after neighbourhood of Son Espanyolet, it benefits from proximity to local parks and amenities.

city
family
investment
new build

Highlights

185 m² of modern living space
Three spacious bedrooms and three bathrooms
High-quality construction
Located near a park
Well-connected to Palma's amenities

Worth knowing

Limited information on nearby services or shops
No mention of outdoor space specifics

Good fit for: Ideal for families or professionals seeking modern living in Palma.

Lifestyle scores

Beach: 50
Walkable: 65
Remote work: 75
Family: 70
Retirement: 60
Airport access: 85
Investment: 80
Luxury: 70
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, close to a park, in Son Espanyolet.

Buying property in Spain

Full guide →

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