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.

250 properties

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4 bedroom villa for sale, Genova, Palma Area, Mallorca

4 bedroom villa for sale, Genova, Palma Area, Mallorca
1,490,000 EUR

4 bedroom villa for sale, Genova, Palma Area, Mallorca

Bright, spacious and beautifully presented throughout, this stunning 4 bedroom villa has a total living area of 330m2 and is set within a plot of 443m2 with beautiful sea views. Located in a qu...

REF: 217391
  • Floor Size: 330 square metres
  • Plot Size: 443 square metres (0.04 hectares / 0.11 acres)
  • Bedrooms: 4
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4 bedroom villa for sale, La Vileta, Palma, Palma Area, Mallorca

4 bedroom villa for sale, La Vileta, Palma, Palma Area, Mallorca
540,000 EUR

4 bedroom villa for sale, La Vileta, Palma, Palma Area, Mallorca

Spacious and immaculately presented triplex villa, ideally located in the quiet residential area of La Vileta, conveniently situated just 10 minutes outside the city of Palma and close to all local am...

REF: 217306
  • Floor Size: 188 square metres
  • Plot Size: 235 square metres (0.02 hectares / 0.06 acres)
  • Bedrooms: 4
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1 bedroom apartment for sale, Palma, Palma Area, Mallorca

1 bedroom apartment for sale, Palma, Palma Area, Mallorca
298,800 EUR

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

Cosy renovated apartment with 2 bedrooms on the third floor (without elevator) located in Las Avenidas, close to Placa Espana in Palma. The top floor property comes with living space of 70m2 ...

REF: 217222
  • Floor Size: 78 square metres
  • Bedrooms: 1
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4 bedroom villa for sale, Genova, Palma Area, Mallorca

4 bedroom villa for sale, Genova, Palma Area, Mallorca
2,350,000 EUR

4 bedroom villa for sale, Genova, Palma Area, Mallorca

Charming character property in the hills of Genova, within easy reach of the attractions of Palma, with swimming pool, 4 bedrooms and beautifully presented. This historic villa sits in land o...

REF: 217221
  • Floor Size: 715 square metres
  • Plot Size: 1,357 square metres (0.14 hectares / 0.34 acres)
  • Bedrooms: 4
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3 bedroom penthouse for sale, Palma, Palma Area, Mallorca

3 bedroom penthouse for sale, Palma, Palma Area, Mallorca
1,385,000 EUR

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

Superb 3 bedroom penthouse apartment, with a total living area of 179m2 and large terrace, ideally situated on a quiet street in the charming Old Town area of Palma. Features include; vast liv...

REF: 217124
  • Floor Size: 179 square metres
  • Bedrooms: 3
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6 bedroom farmhouse for sale, Marratxl, Raiguer, Palma Area, Mallorca

6 bedroom farmhouse for sale, Marratxl, Raiguer, Palma Area, Mallorca
1,200,000 EUR

6 bedroom farmhouse for sale, Marratxl, Raiguer, Palma Area, Mallorca

Charming country farmhouse with lovely sea and Palma bay views, ideally located in a quiet setting within a mature plot of 3,500m2 with a swimming pool. With a tourist license, this spacious vi...

REF: 217086
  • Floor Size: 420 square metres
  • Plot Size: 3,500 square metres (0.35 hectares / 0.86 acres)
  • Bedrooms: 6
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2 bedroom apartment for sale, Palma, Palma Area, Mallorca

2 bedroom apartment for sale, Palma, Palma Area, Mallorca
695,000 EUR

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

Totally refurbished 2 bedroom ground floor apartment, with a total living area of around 80m2, plus a large 60m2 patio area, ideally located in the Son Espanyolet/Santa Catalina area of Palma. ...

REF: 216992
  • Floor Size: 80 square metres
  • Bedrooms: 2
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3 bedroom penthouse for sale, Portixol, Palma Area, Mallorca

3 bedroom penthouse for sale, Portixol, Palma Area, Mallorca
495,000 EUR

3 bedroom penthouse for sale, Portixol, Palma Area, Mallorca

Attractive penthouse apartment with 3 bedrooms, sea views and sun terrace in the Portixol / Molinar area of Palma. This 90m2 property has been newly renovated in a modern style and is close t...

REF: 216693
  • Floor Size: 90 square metres
  • Plot Size: 15 square metres (0.00 hectares / 0.00 acres)
  • Bedrooms: 3
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4 bedroom apartment for sale, Palma, Palma Area, Mallorca

4 bedroom apartment for sale, Palma, Palma Area, Mallorca
435,000 EUR

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

Completely refurbished, well presented and spacious 4 bedroom, 1st floor apartment, ideally located right in the heart of Palma city, just a 3 minute walk from the Corte Ingles de Avenidas and the bea...

REF: 216607
  • Floor Size: 210 square metres
  • Bedrooms: 4
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5 bedroom farmhouse for sale, Son Espanol, Palma, Palma Area, Mallorca

5 bedroom farmhouse for sale, Son Espanol, Palma, Palma Area, Mallorca
2,900,000 EUR

5 bedroom farmhouse for sale, Son Espanol, Palma, Palma Area, Mallorca

Charming stone built country estate which is ideally situated within a highly sought after area just 10km from the centre of Palma. With a unique beauty and full of character, this spacious pr...

REF: 216580
  • Floor Size: 676 square metres
  • Plot Size: 31,660 square metres (3.17 hectares / 7.82 acres)
  • Bedrooms: 5
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