Urban Plot for Sale in Desirable Santa Catalina, Palma
€729,000
Palma, Balearic Islands, Spain
Land
property type
3 weeks ago
listed
The Habio take
AI summaryThis urban plot, located in the sought-after Santa Catalina neighbourhood, offers an excellent opportunity for development in an area renowned for its vibrant dining and wellness scene. Enjoy the benefits of city living with all essential amenities just steps away.
- city
- investment
Highlights
- Corner plot with two street frontages
- 100% plot coverage allowance
- Exceptional natural light and ventilation
- Located in vibrant Santa Catalina
- Proximity to restaurants and amenities
Worth knowing
- Plot size may limit certain development options
Good fit for: Ideal for developers or those looking to create a bespoke urban home.
Lifestyle scores
- Beach
- 65
- Walkable
- 85
- Remote work
- 60
- Family
- 50
- Retirement
- 55
- Airport access
- 80
- Investment
- 75
- Luxury
- 70
- Value
- 60
About this place
This urban plot is available in the highly desirable Santa Catalina neighbourhood of Palma. Positioned strategically on a corner, the 85-square-metre plot boasts two street frontages, allowing for 100% plot coverage. This unique feature ensures exceptional natural light and ventilation, ideal for a custom-built home or investment project.
Santa Catalina is renowned for its lively atmosphere, with an array of restaurants, cafés, and yoga studios in close proximity. The location provides a fantastic blend of urban convenience and a vibrant lifestyle, making it a prime choice for developers or individuals looking to create a personalised living space.
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
