New Build Apartment with South-Facing Terrace in Son Armadams
€1,100,500
Spain
Apartment
property type
3 weeks ago
listed
The Habio take
AI summaryThis newly built second-floor apartment in Son Armadams boasts a spacious living area, two bedrooms, and two bathrooms, along with a private terrace ideal for enjoying warm Mediterranean evenings. Located near the historic Bellver Castle, residents can appreciate both city life and beautiful views in vibrant Palma.
- city
- new build
- historic
- walkable
- investment
Highlights
- Newly built
- Large south-facing terrace
- 89.1 m² of living space
- Close to Bellver Castle
- Modern design
Worth knowing
- Limited information on parking availability
- No details on communal amenities
Good fit for: Ideal for professionals or couples looking for modern living in Palma.
Lifestyle scores
- Beach
- 70
- Walkable
- 85
- Remote work
- 75
- Family
- 60
- Retirement
- 65
- Airport access
- 80
- Investment
- 80
- Luxury
- 70
- Value
- 60
About this place
Newly built Apartment in Son Armadams, near Bellver Castle in Palma. It is distributed in a large living room, 2 bedrooms and 2 bathrooms in 89,1 m2, it also has a private terrace of 12,6 m2. The apartments have large south facing terraces creating the feeling of a home rather than an apartment. The apartment […]
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
