Spacious Palma Apartment with Grand Terrace
€775,500
Palma, Balearic Islands, Spain
Apartment
property type
1 week ago
listed
The Habio take
AI summaryThis spacious two-bedroom apartment offers an exceptional 128.65 square metre terrace, perfect for enjoying Palma's climate. Located in central Palma, it benefits from contemporary design and a new residential development set to complete in 2028.
- city
- new build
- garden
Highlights
- Grand terrace of 128.65 sqm
- Spacious two-bedroom layout
- Contemporary design
- Centrally located in Palma
- Part of a new development completing in 2028
Worth knowing
- Not yet completed, scheduled for 2028
- Limited information on exact amenities
Good fit for: Ideal for those seeking a modern apartment in the heart of Palma with outdoor space.
Lifestyle scores
- Beach
- 60
- Walkable
- 80
- Remote work
- 65
- Family
- 60
- Retirement
- 50
- Airport access
- 75
- Investment
- 70
- Luxury
- 75
- Value
- 65
About this place
This centrally located, two-bedroom apartment in Palma is part of a new residential development that is projected for completion in 2028. With a generous constructed area of 107.22 square metres, this apartment seamlessly marries contemporary design with functionality.
The standout feature of this property is its remarkable 128.65 square metre terrace, an ideal space for outdoor dining and entertaining, or simply unwinding in the beautiful Mallorcan weather. This ample outdoor area enhances the living experience, providing additional space to enjoy Palma’s vibrant lifestyle.
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
