Renovated Designer Apartment in Central Palma
€1,390,000
Spain
Apartment
property type
3 weeks ago
listed
The Habio take
AI summaryThis exclusive apartment in Palma boasts contemporary design and high-quality finishes. Situated close to Paseo Mallorca, it places you at the heart of the city's vibrant lifestyle.
- city
- luxury
Highlights
- Over 160 m² of living space
- Four spacious bedrooms
- Three bathrooms plus a guest toilet
- Modulnova kitchen with Siemens appliances
- Elegantly refurbished throughout
Worth knowing
- Higher price point may limit buyer pool
- No outdoor space mentioned
Good fit for: Ideal for those seeking a stylish urban lifestyle in Palma.
Lifestyle scores
- Beach
- 60
- Walkable
- 95
- Remote work
- 80
- Family
- 75
- Retirement
- 70
- Airport access
- 90
- Investment
- 85
- Luxury
- 90
- Value
- 65
About this place
In the heart of Palma, next to Paseo Mallorca, this completely refurbished property combines contemporary design, noble materials and impeccable execution. With more than 160 m² of living space, it offers four spacious bedrooms, three bathrooms and a guest toilet, an elegant entrance hall, a Modulnova kitchen equipped with Siemens appliances, Bora hob and natural […]
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
