Elegant Apartment in Boutique Development in Palma
€730,000
Development
property type
2 days ago
listed
The Habio take
AI summaryThis beautifully designed apartment in Palma offers contemporary architecture within an exclusive development of just 18 residences. Enjoy the relaxed Mediterranean lifestyle in one of Mallorca’s most desirable locations.
- luxury
- new build
- city
Highlights
- Boutique development with only 18 residences
- Contemporary architecture
- Complementary Mediterranean lifestyle
- Desirable Palma location
- Excellent investment opportunity
Good fit for: Ideal for buyers seeking a modern residence in Palma with a luxurious touch.
Lifestyle scores
- Beach
- 70
- Walkable
- 75
- Remote work
- 75
- Family
- 70
- Retirement
- 80
- Airport access
- 80
- Investment
- 85
- Luxury
- 90
- Value
- 70
About this place
Discover a unique opportunity to own a beautifully designed apartment in Palma, where contemporary architecture seamlessly blends with the relaxed Mediterranean lifestyle. Located within an exclusive boutique development comprising only 18 residences, this elegant home offers the perfect combination of privacy, comfort, and timeless design.
The property features a total built area of 82 square metres, with 76 square metres designated as usable space. This modern apartment is ideal for those seeking a luxurious living experience in a sought-after part of Mallorca, making it a remarkable investment opportunity.
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
