Elegant Three-Bed Apartment with Terrace in Central Palma
€687,000
Palma, Balearic Islands, Spain
Apartment
property type
1 week ago
listed
The Habio take
AI summaryThis elegant three-bedroom apartment boasts a spacious private terrace and is part of a new residential development in the heart of Palma, Spain. Perfectly positioned for those seeking modern city living with convenience and comfort.
- city
- new build
- luxury
Highlights
- New development scheduled for 2028
- Central location in Palma
- Private terrace for outdoor enjoyment
- Spacious 105.38 m² of living space
- Elegant design and modern finishes
Worth knowing
- New development may result in construction noise during the build phase
Good fit for: Ideal for professionals or families seeking modern living in a vibrant city setting.
Lifestyle scores
- Beach
- 70
- Walkable
- 85
- Remote work
- 70
- Family
- 60
- Retirement
- 50
- Airport access
- 80
- Investment
- 75
- Luxury
- 75
- Value
- 65
About this place
Situated on the fourth floor, this beautifully designed apartment offers 105.38 m² of constructed area along with a 9.15 m² private terrace, providing a perfect blend of indoor and outdoor living space. The property is part of a new residential development that is scheduled for completion in 2028, ensuring contemporary style and amenities for future residents.
Palma, known for its vibrant cultural scene, historic architecture, and Mediterranean charm, offers a lively atmosphere with shops, restaurants, and leisure activities within easy reach. This apartment is an ideal choice for those looking to embrace modern lifestyles in a bustling urban environment.
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
