Fully Renovated Apartment in Santa Catalina, Palma
€550,000
Apartment
property type
3 weeks ago
listed
The Habio take
AI summaryThis stylishly renovated apartment offers a blend of contemporary comfort and traditional charm, located just a short walk from the lively Santa Catalina Market. Enjoy vibrant cafés, restaurants, and local shops right at your doorstep in the heart of Palma.
- city
- walkable
Highlights
- Fully renovated
- Third floor location
- Open-plan living area
- Close to Santa Catalina Market
- Vibrant neighbourhood
Worth knowing
- No lift mentioned
- Might have limited outdoor space
Good fit for: Ideal for those seeking a modern city living experience in Palma.
Lifestyle scores
- Beach
- 50
- Walkable
- 90
- Remote work
- 80
- Family
- 60
- Retirement
- 60
- Airport access
- 80
- Investment
- 70
- Luxury
- 75
- Value
- 65
About this place
This fully renovated apartment is situated on the third floor of a traditional building in the sought-after Santa Catalina neighbourhood. Boasting bright interiors, the home has been thoughtfully redesigned to enhance both comfort and style, making it an ideal retreat in the bustling city.
The open-plan living and dining area, along with modern amenities, create an inviting space for relaxation and entertainment. With the vibrant market and a range of shops and eateries within walking distance, this property offers both a dynamic lifestyle and the comforts of home.
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
