Renovated Three-Bedroom Apartment with Large Terrace in Pere Garau
€595,000
Apartment
property type
3 weeks ago
listed
The Habio take
AI summaryThis tastefully renovated three-bedroom apartment features a spacious terrace and garden, perfect for outdoor living. Located in the vibrant Pere Garau area of Palma, this property offers a blend of modern comfort and local authenticity.
- city
- garden
- family
- walkable
Highlights
- Tastefully renovated with modern finishes
- Spacious terrace and garden
- Three large bedrooms including en-suite
- Located in the vibrant Pere Garau area
- Just completed renovation in 2025
Worth knowing
- No lift mentioned
- Walkability may vary depending on personal needs
Good fit for: Ideal for those seeking a modern urban lifestyle with outdoor space.
Lifestyle scores
- Beach
- 55
- Walkable
- 75
- Remote work
- 70
- Family
- 80
- Retirement
- 65
- Airport access
- 80
- Investment
- 75
- Luxury
- 70
- Value
- 60
About this place
Discover this beautifully renovated apartment situated in the dynamic area of Pere Garau, Palma. With a generous built area of 137 square metres, the property comprises three spacious bedrooms, including one with an en-suite bathroom, creating an ideal layout for family living.
Completed in 2025, the renovation showcases high-quality finishes throughout, ensuring a contemporary yet warm atmosphere. The apartment is appreciably designed, enhancing both functionality and comfort for its residents.
A standout feature of this property is its large terrace and garden, providing a perfect space for relaxation or entertaining. This outdoor area offers an oasis in the heart of the city, allowing residents to enjoy alfresco dining and fresh air.
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
