Luxurious Three-Floor Townhouse in Son Espanyolet, Palma
€2,600,000
Spain
Townhouse
property type
1 week ago
listed
The Habio take
AI summaryThis new-build luxury townhouse in Son Espanyolet offers modern design with traditional charm, set to complete by the end of 2026. Located in one of Palma's most desirable districts, it combines contemporary living with a vibrant community atmosphere.
- luxury
- city
- new build
Highlights
- New-build completion anticipated end of 2026
- Located in the desirable Son Espanyolet area
- Spacious three-floor design
- Modern architecture with traditional touches
- Close to Palma's city amenities
Worth knowing
- Construction completion not until late 2026
- Limited immediate outdoor space
Good fit for: Ideal for buyers seeking a modern luxury home in a prime Palma location.
Lifestyle scores
- Beach
- 50
- Walkable
- 75
- Remote work
- 70
- Family
- 65
- Retirement
- 60
- Airport access
- 85
- Investment
- 80
- Luxury
- 90
- Value
- 65
About this place
Introducing four luxurious townhouses located in the sought-after area of Son Espanyolet in Palma. Scheduled for completion at the end of 2026, these properties promise a blend of modern design and traditional townhouse architecture. Nestled on a plot of approximately 132 sqm, each townhouse spans across three floors, with a generous usable area of approximately […]
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
