Modern 3-Bedroom Apartment near Santa Catalina Market
€695,000€5,110/m²
Palma de Mallorca, Palma de Mallorca, Spain
3
bedrooms
2
bathrooms
136 m²
interior
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis contemporary 3-bedroom apartment features smart home technology and is located just a short walk from the vibrant Santa Catalina Market in Palma de Mallorca. Its central location offers easy access to a rich array of local culture and amenities.
- city
- walkable
- luxury
Highlights
- 136 m² of modern living space
- High-quality finishes throughout
- Smart home features included
- 500m from Santa Catalina Market
- Third-floor position offers views
Worth knowing
- Located on the third floor with no lift mentioned
- Potential street noise due to central location
Good fit for: Ideal for families or professionals seeking modern living in a vibrant area.
Lifestyle scores
- Beach
- 80
- Walkable
- 90
- Remote work
- 80
- Family
- 70
- Retirement
- 60
- Airport access
- 85
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
This high-quality equipped, modern 3-bedroom apartment is located on the 3rd floor in an apartment building just 500m walking distance from Santa Catalina market.
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
