Luxury Apartment in New Development near Palma
€2,100,000
Spain
Development
property type
4 days ago
listed
The Habio take
AI summaryThis luxury apartment offers stunning sea views and modern design in a serene setting just three minutes from Palma's vibrant centre. Nestled between trees and the coastline, it features quality finishes and spacious living areas.
- luxury
- beach
- city
- retirement
Highlights
- New development close to Palma city centre
- Stunning sea views
- High-quality finishes
- Two bedrooms and two bathrooms
- Designer kitchen included
- Surrounded by trees for added privacy
Good fit for: Ideal for those seeking a high-end lifestyle near urban amenities.
Lifestyle scores
- Beach
- 80
- Walkable
- 75
- Remote work
- 70
- Family
- 60
- Retirement
- 75
- Airport access
- 90
- 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 second floor with 117 sqm is distributed on two Bedroom, two bathroom, a full 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
