Stylish Loft Penthouse with Terrace in Santa Catalina
€495,000
Penthouse
property type
3 weeks ago
listed
The Habio take
AI summaryThis first floor penthouse features a unique loft design and offers a charming terrace, nestled in the vibrant heart of Santa Catalina, Palma. Enjoy living just steps away from the port and the popular Paseo promenade.
- city
- walkable
- luxury
Highlights
- Independent entrance
- High ceilings with wooden beams
- Charming terrace
- Located in vibrant Santa Catalina
- Close to the port and Paseo
Worth knowing
- Higher price point for the area
- Limited outdoor space
Good fit for: Ideal for those seeking a stylish holiday flat in a lively neighbourhood.
Lifestyle scores
- Beach
- 80
- Walkable
- 85
- Remote work
- 75
- Family
- 60
- Retirement
- 50
- Airport access
- 70
- Investment
- 70
- Luxury
- 65
- Value
- 50
About this place
This fantastic first floor penthouse boasts a fresh design, high ceilings with attractive wooden beams, and an independent entrance from the street. Located in the lively Santa Catalina neighbourhood, the apartment is perfect for those seeking a holiday home in the centre of Palma.
With its spacious and airy atmosphere, this loft-apartment has been designed to provide comfort and style. The property is just a few moments away from the vibrant local scene, offering easy access to shops, cafes, and the picturesque waterfront along the port.
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
