Renovated Townhouse with Terrace in Palma's Son Espanyolet
€2,200,000
Spain
Townhouse
property type
4 days ago
listed
The Habio take
AI summaryThis completely renovated townhouse in Son Espanyolet features a beautiful terrace and offers an ideal mix of modern elegance and a Mediterranean lifestyle. Located in one of Palma’s most desirable neighbourhoods, it provides tranquility while being close to the vibrant experiences of Santa Catalina.
- city
- quiet
- luxury
Highlights
- Completely renovated
- Terrace for outdoor living
- Quiet residential street
- Close to Santa Catalina's amenities
- Desirable neighbourhood
Worth knowing
- Price may be above average for the area
Good fit for: Ideal for those seeking modern living in a vibrant, cultural setting.
Lifestyle scores
- Beach
- 60
- Walkable
- 85
- Remote work
- 80
- Family
- 70
- Retirement
- 75
- Airport access
- 70
- Investment
- 85
- Luxury
- 90
- Value
- 65
About this place
Completly renovated townhouse in the heart of Son Espanyolet, one of Palma’s most sought-after neighbourhoods, offering the perfect blend of contemporary elegance, privacy and Mediterranean lifestyle. Situated on a quiet residential street just moments from the vibrant atmosphere of Santa Catalina, this exceptional home combines peaceful village charm with immediate access to renowned restaurants, boutique […]
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
