Newly Built Studio Apartment with Terrace in Palmanova
€361,000
Palmanova, Balearic Islands, Spain
Studio
property type
3 weeks ago
listed
The Habio take
AI summaryThis modern 1-bedroom studio offers 46m² of comfortable living space, complete with a terrace perfect for enjoying the outdoors. Located in the sought-after area of Palmanova, it features quality finishes and access to on-site amenities.
- beach
- coastal
- new build
- gym
Highlights
- Newly built modern studio
- 46m² living space
- 5m² terrace for outdoor enjoyment
- Quality finishes throughout
- Includes garage and gym access
Good fit for: Ideal for singles or couples seeking a stylish, low-maintenance home.
Lifestyle scores
- Beach
- 80
- Walkable
- 60
- Remote work
- 65
- Family
- 40
- Retirement
- 60
- Airport access
- 70
- Investment
- 75
- Luxury
- 70
- Value
- 65
About this place
Nestled in the desirable area of Palmanova, this newly built 1-bedroom apartment is a true gem for those seeking modern comfort and a Mediterranean lifestyle. At 46m², the apartment has been thoughtfully designed to maximise space and functionality, providing a cosy environment for its residents.
The property includes a charming 5m² terrace, perfect for relaxing and enjoying the tranquil surroundings. Residents can benefit from superior quality finishes, creating a welcoming and stylish home. The added convenience of a garage and a gym makes this property a great choice for those looking for a balanced lifestyle.
What this place offers
- garage
- gym
- terrace
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
