Bright Three-Bedroom Apartment with Terrace in Palma
€520,000€6,118/m²
Palma de Mallorca, Palma de Mallorca, Spain
3
bedrooms
2
bathrooms
85 m²
interior
Apartment
property type
7 Jun 2026
listed
The Habio take
AI summaryThis bright three-bedroom apartment features an inviting terrace and is ideally located just one minute from Plaza España in the heart of Palma. Enjoy the vibrant lifestyle of Mallorca's capital with easy access to shops, dining, and cultural attractions.
- city
- historic
- family
- remote work
Highlights
- Central location near Plaza España
- Turnkey condition with a terrace
- Three spacious bedrooms
- Two modern bathrooms
- 85 m² of internal space
Good fit for: Ideal for those seeking a vibrant urban lifestyle in Mallorca.
Lifestyle scores
- Beach
- 50
- Walkable
- 90
- Remote work
- 80
- Family
- 70
- Retirement
- 60
- Airport access
- 85
- Investment
- 75
- Luxury
- 60
- Value
- 55
About this place
Bright apartment with an excellent location just one minute from Plaza España, in the heart of Palma.
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
