Luxury Three-Bed Apartment in Prime Palma Development
€2,520,000
Spain
Development
property type
4 days ago
listed
The Habio take
AI summaryThis luxury three-bedroom apartment, part of an exclusive development in Palma, boasts fantastic sea views and high-quality design. Located just three minutes from the city centre, it offers a unique blend of tranquillity and convenience.
- luxury
- beach
- city
- investment
Highlights
- Three bedrooms, two bathrooms
- Designer kitchen with modern fittings
- Stunning sea views
- Luxurious residential complex of 15 units
- Close proximity to Palma's city centre
Worth knowing
- Elevator service not specified
- Potentially high service charges due to luxury amenities
Good fit for: Ideal for those seeking a high-end coastal lifestyle close to Palma.
Lifestyle scores
- Beach
- 90
- Walkable
- 70
- Remote work
- 75
- Family
- 60
- Retirement
- 70
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 65
About this place
Just 3 minutes from the center, nestled between trees and the sea is the location of the luxury residential complex with 15 units, combining design and quality with fantastic views. This wonderful apartment on the third floor with 122 sqm is distributed on three Bedrooms, two bathrooms, a fully equipped designer kitchen and a bright […]
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
