Spacious Five-Bedroom Flat in Central Palma
€750,000€3,000/m²
Palma de Mallorca, Palma de Mallorca, Spain
5
bedrooms
2
bathrooms
250 m²
interior
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis expansive 250 m² apartment in the heart of Palma boasts five double bedrooms and offers an ideal blend of quiet living within reach of vibrant city life. Perfectly positioned near shops, restaurants, and public transport, it provides both comfort and convenience.
- city
- family
- investment
- walkable
Highlights
- Large 250 m² space
- Five double bedrooms with built-in wardrobes
- Quiet family house with communal terrace
- Lift access and potential for garage
- Divisible into two units for investment
Worth knowing
- No garden or private outside space mentioned
- Apartment located on second floor with lift only
Good fit for: Ideal for families or investors seeking a central urban property.
Lifestyle scores
- Beach
- 40
- Walkable
- 90
- Remote work
- 70
- Family
- 85
- Retirement
- 60
- Airport access
- 80
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
This spacious flat is located in the centre of Palma, with a surface area of 250m2. It has a total of five double bedrooms, all of them with built-in wardrobes. It is made up of a large entrance hall that is connected to two of the double bedrooms, one of which is currently a study area with direct light from the street. The kitchen is perfectly furnished with pantry and has an independent part formed by a large room for service or storage. In an adjoining entrance, there is an office area. It should be noted that this is a very quiet 4-storey family house with inner courtyard and communal terrace. . Located on the 2nd floor and with a lift, the flat and the office can be joined and integrated. There are 2 separate entrances and there is the possibility of a having a garage in the future. Easy connection to public transport, close to all shops and supermarkets, close to restaurants and bars, this property can be a good investment opportunity as it is divisible into two units with individual access. Do not hesitate to contact First Mallorca to arrange a viewing or receive more information.
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
