Elegant First-Floor Apartment near Bellver Castle, Palma
€1,050,250
Palma, Balearic Islands, Spain
Apartment
property type
2 weeks ago
listed
The Habio take
AI summaryThis elegant first-floor apartment offers a blend of comfort and privacy, situated near the iconic Bellver Castle. Enjoy a desirable residential area in Palma, surrounded by greenery yet close to the city centre and seafront promenade.
- city
- walkable
- historic
- investment
Highlights
- Desirable residential area
- Near Bellver Castle
- Easy access to city centre
- Surrounded by greenery
- Close to marina and seafront promenade
Worth knowing
- Only first-floor access mentioned
- Potential noise from nearby areas
Good fit for: Ideal for those seeking a comfortable urban home in a central yet quiet location.
Lifestyle scores
- Beach
- 70
- Walkable
- 90
- Remote work
- 65
- Family
- 70
- Retirement
- 80
- Airport access
- 85
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
This elegant first-floor apartment is located in one of Palma’s most desirable residential areas, just a stone's throw from the iconic Bellver Castle. This prime position offers a peaceful environment surrounded by greenery, while still ensuring easy access to the vibrant city centre, marina, and seafront promenade.
Spanning 85.6 square meters, the apartment is designed for comfort and privacy, providing an ideal space for relaxation while being perfectly situated for enjoying the cultural and recreational offerings of Palma.
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
