Elegant Apartment in Historic Palace near Palma Cathedral
€2,400,000
Spain
Apartment
property type
4 days ago
listed
The Habio take
AI summaryThis refined apartment is nestled within a beautifully restored historic palace in the centre of Palma’s Old Town, just moments away from the iconic cathedral. It offers a unique blend of architectural charm and modern comfort, perfect for experiencing the vibrant culture of the city.
- city
- historic
- luxury
Highlights
- Historic palace setting
- Renovated with contemporary comforts
- Central location near Palma Cathedral
- Access via grand staircase and modern lift
- Elegant architectural details
Worth knowing
- Potentially high maintenance costs due to historic features
Good fit for: Ideal for those seeking a luxurious urban lifestyle steeped in history.
Lifestyle scores
- Beach
- 40
- Walkable
- 90
- Remote work
- 70
- Family
- 60
- Retirement
- 75
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 55
About this place
Set within a beautifully restored historic palace in the heart of Palma’s Old Town, just moments from the cathedral, this exceptional apartment offers a rare combination of architectural heritage, refined elegance, and contemporary comfort. Located on the second floor and accessed via both a grand historic staircase and a modern elevator, the residence enjoys an […]
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
