Modern 2-Bed Apartment in El Terreno, Palma de Mallorca
€489,000€7,887/m²
Palma de Mallorca, Baleares, Spain
2
bedrooms
1
bathroom
62 m²
interior
Apartment
property type
4 Aug 2026
listed
The Habio take
AI summaryThis completely renovated 2-bedroom apartment offers a modern and functional living space. Located in the charming El Terreno area of Palma, it's perfect for both residential living and investment opportunities.
- city
- beach
- investment
- new build
Highlights
- Completely renovated with modern features
- Private patio for outdoor enjoyment
- Bright living/dining room
- Proximity to Paseo Marítimo and city centre
- Ideal for both residency and investment
Good fit for: Perfect for couples, small families, or investors looking for a modern home in Palma.
Lifestyle scores
- Beach
- 80
- Walkable
- 75
- Remote work
- 70
- Family
- 60
- Retirement
- 65
- Airport access
- 85
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
This brand-new apartment in El Terreno, Palma, has been completely renovated and is ready for immediate occupancy. It features a smart and modern design, making it suitable for permanent living or as an investment property.
The layout includes two bedrooms—a double and a single—along with a bright living/dining room and a fully equipped integrated kitchen. There is also a full bathroom and a private patio, ideal for enjoying the outdoor space. The apartment boasts high ceilings, wooden floors, new installations, and carefully designed contemporary lighting.
El Terreno is a rapidly appreciating area, situated close to Palma’s scenic Paseo Marítimo, the historic Bellver Castle, and the city centre. Residents can enjoy a blend of local charm, tranquillity, and easy access to restaurants, services, and public transport.
What this place offers
- private patio
- fully equipped kitchen
Where you’ll be
Palma de Mallorca, Baleares, Spain
Location is approximate — exact address is confirmed by the agent.
Open in Google MapsBuying 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.
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
