Palma Property
Palma Property
Palma Property

Why Choose PPG

For over twenty years we have built a network of the best professional agents in the most desirable locations. We offer our clients a tailored personal service, at no extra expense. We make sure that buying your overseas property, from initial viewings to final purchase, goes as smoothly as possible.

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Palma Property

The ancient city of Palma is the Capital city of the Spanish Mediterranean island of Mallorca. Palma has a vibrant city centre, excellent shopping streets and a fascinating historic area, the Casco Antiguo or ‘old town’ as it is known. It is a popular tourist centre with a lively sea front, and beach with year round appeal for its cultural scene, local festivals, fashionable bars and restaurants, shopping and art galleries.

Guide to the Spanish Buying Process

1. Putting down a Holding Deposit
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.

2. Setting up a Pre-agreement (Contrato privado de compraventa)
The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.

3. The Contract (Escritura de compraventa)
Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.

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IMPORTANT - Disclaimer :
All information provided is believed to be current and provided free of charge. No liability can be accepted for the reliability of the information and statements made as this is obtained from 3rd parties. We always recommend you take legal advice from a fully qualified Lawyer or Notary before buying a property overseas.

216 properties

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4 bedroom apartment for sale, Palma, Palma Area, Mallorca

4 bedroom apartment for sale, Palma, Palma Area, Mallorca
950,000 EUR

4 bedroom apartment for sale, Palma, Palma Area, Mallorca

Grand, spacious, stately and recently refurbished 4 bedroom apartment with lift access, ideally situated in a quit setting in La Lonja, in the Old Town area of Palma. With a total living area o...

REF: 223467
  • Floor Size: 140 square metres
  • Bedrooms: 4
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5 bedroom house for sale, Palma, Palma Area, Mallorca

5 bedroom house for sale, Palma, Palma Area, Mallorca
550,000 EUR

5 bedroom house for sale, Palma, Palma Area, Mallorca

Spacious and well maintained 5 bedroom home with a private swimming pool, 917m2 garden and a garage, ideally located in a quiet setting in Portol, Marratxi and just a 10 minute drive from Palma. <...

REF: 223458
  • Floor Size: 355 square metres
  • Plot Size: 917 square metres (0.09 hectares / 0.23 acres)
  • Bedrooms: 5
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4 bedroom farmhouse for sale, Palma, Palma Area, Mallorca

4 bedroom farmhouse for sale, Palma, Palma Area, Mallorca
4,500,000 EUR

4 bedroom farmhouse for sale, Palma, Palma Area, Mallorca

Rustic country house set within a large plot of 1250,000m2 with various outbuildings, with a total built area of 3,000m2, situated in a quiet countryside setting in in the Pla de Mallorca, close to Pa...

REF: 223430
  • Floor Size: 3,000 square metres
  • Plot Size: 1,254,000 square metres (125.40 hectares / 309.88 acres)
  • Bedrooms: 4
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4 bedroom penthouse for sale, Palma, Palma Area, Mallorca

4 bedroom penthouse for sale, Palma, Palma Area, Mallorca
525,000 EUR

4 bedroom penthouse for sale, Palma, Palma Area, Mallorca

Enjoying stunning sea views is this bright 4 bedroom penthouse apartment located close to all amenities in Palma. Inside is an open plan living/dining room with glass doors which permit an abun...

REF: 223036
  • Floor Size: 182 square metres
  • Bedrooms: 4
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5 bedroom villa for sale, Bonanova, Palma Area, Mallorca

5 bedroom villa for sale, Bonanova, Palma Area, Mallorca
3,495,000 EUR

5 bedroom villa for sale, Bonanova, Palma Area, Mallorca

Immaculately presented, spacious and modern 5 bedroom villa, ideally set within a mature and easy to maintain plot with an infinity swimming pool and stunning views towards the sea in the distance.

REF: 222983
  • Floor Size: 687 square metres
  • Bedrooms: 5
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6 bedroom villa for sale, Son Vida, Palma Area, Mallorca

6 bedroom villa for sale, Son Vida, Palma Area, Mallorca
4,000,000 EUR

6 bedroom villa for sale, Son Vida, Palma Area, Mallorca

Beautifully presented 6 bedroom villa, with a vast total living area of 700m2, set within a flat mature manicured plot of 2,401m2 with a swimming pool, ideally situated in a quiet setting in Son Vida,...

REF: 222973
  • Floor Size: 700 square metres
  • Plot Size: 2,401 square metres (0.24 hectares / 0.59 acres)
  • Bedrooms: 6
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3 bedroom apartment for sale, Palma, Palma Area, Mallorca

3 bedroom apartment for sale, Palma, Palma Area, Mallorca
515,000 EUR

3 bedroom apartment for sale, Palma, Palma Area, Mallorca

A unique, character 3 bedroom apartment in an excellent location in the old town of Palma, with the bonus of a private terrace of 12 m2 with views over the churches and the San Francisco bell tower. <...

REF: 222953
  • Floor Size: 120 square metres
  • Bedrooms: 3
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4 bedroom apartment for sale, Palma, Palma Area, Mallorca

4 bedroom apartment for sale, Palma, Palma Area, Mallorca
995,000 EUR

4 bedroom apartment for sale, Palma, Palma Area, Mallorca

Superb character duplex apartment in the historic heart of the old town of Palma, with a stylish blend of modern chic with traditional charm. In addition to its privileged location it offers d...

REF: 222943
  • Floor Size: 200 square metres
  • Bedrooms: 4
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3 bedroom apartment for sale, Pine Walk, Puerto Pollensa, Palma Area, Mallorca

3 bedroom apartment for sale, Pine Walk, Puerto Pollensa, Palma Area, Mallorca
1,100,000 EUR

3 bedroom apartment for sale, Pine Walk, Puerto Pollensa, Palma Area, Mallorca

Delightful waterfront apartment in the prestigious 'Pine Walk' location of Puerto Pollensa. The inviting ground floor property retains the charm of a bygone era, such as very high ceilings and...

REF: 222932
  • Floor Size: 120 square metres
  • Bedrooms: 3
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3 bedroom apartment for sale, Blanquerna, Palma, Palma Area, Mallorca

3 bedroom apartment for sale, Blanquerna, Palma, Palma Area, Mallorca
925,000 EUR

3 bedroom apartment for sale, Blanquerna, Palma, Palma Area, Mallorca

Luxury furnished 3 bedroom designer apartment situated on the pedestrian street of Blanquerna. This stylish property offers a 185m2 living area. It has 3 bedrooms (2 en-suite), 3 bathr...

REF: 222877
  • Floor Size: 185 square metres
  • Bedrooms: 3
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