Two Bedroom Apartment in Old Town Palma
€460,000€3,286/m²
2
bedrooms
2
bathrooms
140 m²
interior
Apartment
property type
1 week ago
listed
About this place
A modern and reformed two bedroom, first floor, character apartment situated in the old town of Palma Mallorca. The listing consists of two double bedrooms, two bathrooms and an open plan living, dining and kitchen area. A modern and contemporary fitted kitchen offers plentiful work surface and storage cupboards, with fitted appliances. Although modern, this listing has retained character from its original period features. Excellent central location, within walking distance of Placa Major, old town shopping district, and The master bedroom benefits from an ensuite bathroom, with high ceilings and a contemporary design. Offering approx 150 square meters internally, in addition to a 4 square meter terrace. Internal viewing, highly recommended.
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.
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
