Elegant New-Built Apartment with Terrace in Palmanova
€727,000
Apartment
property type
3 weeks ago
listed
The Habio take
AI summaryThis stylish new-built apartment in Palmanova features 3 bedrooms and a 15m² terrace, perfect for enjoying the Mediterranean climate. Located in a lively coastal town known for its stunning beaches and excellent amenities, this property offers a wonderful lifestyle opportunity.
- beach
- coastal
- luxury
- new build
Highlights
- 3 bedrooms
- 15m² terrace
- New build
- High-quality finish
- Central location in Palmanova
Worth knowing
- Limited size for larger families
- Potentially high competition in the rental market
Good fit for: Ideal for those seeking a modern coastal lifestyle in a popular tourist area.
Lifestyle scores
- Beach
- 85
- Walkable
- 80
- Remote work
- 60
- Family
- 70
- Retirement
- 65
- Airport access
- 80
- Investment
- 75
- Luxury
- 70
- Value
- 60
About this place
This elegant new-built apartment is situated in the heart of Palmanova, a vibrant coastal town celebrated for its golden beaches, charming promenades, and excellent year-round amenities. The property boasts 79m² of thoughtfully designed living space, including 3 bedrooms and 2 bathrooms.
The 15m² terrace provides a perfect spot for outdoor relaxation, allowing you to fully embrace Mallorca's delightful Mediterranean climate. Finished to superior standards, this apartment combines contemporary comfort with the allure of coastal living.
What this place offers
- terrace
- garage
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
