Spacious Three-Bedroom Apartment in Palma's Old Town
€2,400,000€12,435/m²
Palma de Mallorca, Palma de Mallorca, Spain
3
bedrooms
3
bathrooms
193 m²
interior
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis new apartment boasts 193 m² of living space and features three en suite bedrooms, making it ideal for families or those seeking luxury in the city. Located in the vibrant heart of Palma de Mallorca, you'll enjoy access to historic sites, dining, and shopping at your doorstep.
- city
- historic
- luxury
Highlights
- 193 m² interior space
- Three bedrooms with en suite bathrooms
- Patio/terrace for outdoor living
- Two garage parking spaces
- High-quality materials throughout
Worth knowing
- Potential noise from a bustling city centre
- Limited outdoor space compared to traditional homes
Good fit for: Perfect for families or professionals who appreciate modern amenities in a historic setting.
Lifestyle scores
- Beach
- 65
- Walkable
- 85
- Remote work
- 75
- Family
- 80
- Retirement
- 72
- Airport access
- 78
- Investment
- 82
- Luxury
- 88
- Value
- 70
About this place
This new property with a patio/terrace offers a lot of space and enjoys a great location in the heart of Palma. 3 bedrooms with bathroom en suite, 2 garage parking spaces and high-quality materials make this apartment a highly sought-after property in the city centre.
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
