New Build Three-Bedroom Apartment with Terrace near Bellver Castle
€1,050,250
Spain
Apartment
property type
3 weeks ago
listed
The Habio take
AI summaryThis newly built apartment in Palma offers three spacious bedrooms and two bathrooms, complemented by a generous south-facing terrace. Located close to the historic Bellver Castle, this property combines urban living with a touch of history.
- city
- historic
- luxury
Highlights
- Newly built with modern finishes
- Private terrace of 35.6 m²
- Large living room ideal for entertaining
- Proximity to Bellver Castle
- South-facing for optimal sunlight
Worth knowing
- First floor location may not suit all buyers
- Limited outdoor space beyond terrace
Good fit for: Ideal for those seeking a modern home near cultural landmarks.
Lifestyle scores
- Beach
- 50
- Walkable
- 85
- Remote work
- 70
- Family
- 75
- Retirement
- 60
- Airport access
- 75
- Investment
- 80
- Luxury
- 75
- Value
- 65
About this place
Newly built Apartment in the frist floor, near Bellver Castle in Palma. It is distributed in a large living room, 3 bedrooms and 2 bathrooms in 85,6 m2, it also has a private terrace of 35,6 m2. The apartments have large south facing terraces creating the feeling of a home rather than an apartment. The […]
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
