Renovated Loft-Style Apartment with Patio and Pool in Palma de Mallorca
€1,690,000
Palma de Mallorca, Balearic Islands, Spain
Loft
property type
3 weeks ago
listed
The Habio take
AI summaryThis beautifully renovated ground-floor apartment features a unique loft style and a lovely patio, situated in the vibrant city centre of Palma de Mallorca. Enjoy the convenience of city living just steps from the bustling Avenidas.
- city
- luxury
- walkable
Highlights
- Loft-style layout
- Recently refurbished in 2024
- Access to a shared swimming pool
- Patio space included
- Prime location in city centre
Good fit for: Ideal for those seeking a stylish urban lifestyle in a vibrant setting.
Lifestyle scores
- Beach
- 60
- Walkable
- 90
- Remote work
- 80
- Family
- 60
- Retirement
- 70
- Airport access
- 85
- Investment
- 75
- Luxury
- 80
- Value
- 65
About this place
Welcome to an exquisite ground-floor apartment located in the heart of Palma de Mallorca’s vibrant city centre, just steps away from the bustling Avenidas. This remarkable flat, recently refurbished in 2024, masterfully combines superior quality features with a charming loft style. Spanning approximately 152 sqm of usable area, the apartment offers an open concept that enhances the flow of natural light and creates a spacious feel.
The high-quality finishes and modern amenities provide a comfortable living space, perfect for those who appreciate contemporary design and urban lifestyle. The flat includes access to a shared swimming pool, adding a touch of luxury to city living.
Whether you're looking for a stylish residence or an investment opportunity in one of Spain's most sought-after locations, this apartment represents an excellent choice in Palma's lively environment.
What this place offers
- swimming pool
- patio
- furnished
- garage
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
