Newly Built Apartment Near Bellver Castle, Palma
€4,990,000
Apartment
property type
3 weeks ago
listed
The Habio take
AI summaryThis newly built apartment features a generous living space and a 13 m² terrace, ideal for enjoying sunny days. Located near the historic Bellver Castle in Palma, it combines modern amenities with a prime city location.
- city
- new build
- historic
- retirement
Highlights
- Newly built
- Large living room
- 13 m² terrace
- Near Bellver Castle
- South-facing porches
Worth knowing
- Limited number of bedrooms
- Higher price point for the area
Good fit for: Ideal for individuals or couples seeking a modern city living experience with historical charm.
Lifestyle scores
- Beach
- 65
- Walkable
- 75
- Remote work
- 70
- Family
- 60
- Retirement
- 70
- Airport access
- 80
- Investment
- 75
- Luxury
- 80
- Value
- 55
About this place
This newly constructed apartment in Son Armadams offers a well-designed space that includes a large living room, one bedroom, and one bathroom within a total area of 75 m². The layout promotes a natural flow to the exterior south-facing porches and terraces, ensuring plenty of sunlight throughout the day.
Completing the property is a spacious 13 m² terrace, perfect for relaxing or entertaining. Its proximity to the iconic Bellver Castle enhances its appeal, situating it in a vibrant area filled with history and culture while still allowing for a tranquil living 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.
- 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
