Newly Built Three-Bed Townhouse in Son Espanyolet, Palma
€1,500,000€8,108/m²
Palma de Mallorca, Palma de Mallorca, Spain
3
bedrooms
3
bathrooms
185 m²
interior
168 m²
plot
Townhouse
property type
7 Jun 2026
listed
The Habio take
AI summaryThis newly built townhouse features a spacious 185 m² layout with three bedrooms and three bathrooms, ideal for modern living. Located in the sought-after neighbourhood of Son Espanyolet, it benefits from proximity to local parks and amenities.
- city
- family
- investment
- new build
Highlights
- 185 m² of modern living space
- Three spacious bedrooms and three bathrooms
- High-quality construction
- Located near a park
- Well-connected to Palma's amenities
Worth knowing
- Limited information on nearby services or shops
- No mention of outdoor space specifics
Good fit for: Ideal for families or professionals seeking modern living in Palma.
Lifestyle scores
- Beach
- 50
- Walkable
- 65
- Remote work
- 75
- Family
- 70
- Retirement
- 60
- Airport access
- 85
- Investment
- 80
- Luxury
- 70
- Value
- 65
About this place
This high-quality new development, consisting of a total of four modern townhouses, is being built in a well-connected location, close to a park, in Son Espanyolet.
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
