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.

252 properties

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

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

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

Spacious, elegant and beautifully presented 4 bedroom villa, with a total living area of 450m2, set within a large plot of 2,000m2 with 90m2 of terraces and a swimming pool, ideally situated in the ex...

REF: 218643
  • Floor Size: 450 square metres
  • Plot Size: 2,000 square metres (0.20 hectares / 0.49 acres)
  • Bedrooms: 4
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8 bedroom manor house for sale, Palma, Palma Area, Mallorca

8 bedroom manor house for sale, Palma, Palma Area, Mallorca
3,200,000 EUR

8 bedroom manor house for sale, Palma, Palma Area, Mallorca

Stunning and beautifully presented 8 bedroom Manor house, with a vast total living area of 1,335m2, which is full of character and charm, set within a large mature park of 6,200m2 with a swimming pool...

REF: 218641
  • Floor Size: 1,335 square metres
  • Plot Size: 6,200 square metres (0.62 hectares / 1.53 acres)
  • Bedrooms: 8
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2 bedroom apartment for sale, Son Espanyolet, Palma Area, Mallorca

2 bedroom apartment for sale, Son Espanyolet, Palma Area, Mallorca
439,000 EUR

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

Charming 2 bedroom apartment, with a total living area of 100m2 with exposed wooden beams throughout, ideally located in a quiet setting in Son Espanyolet. Features include: open fitted and eq...

REF: 218562
  • Floor Size: 100 square metres
  • Bedrooms: 2
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3 bedroom penthouse for sale, San Agustin, Palma Area, Mallorca

3 bedroom penthouse for sale, San Agustin, Palma Area, Mallorca
1,600,000 EUR

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

Modern, spacious and luxurious 3 bedroom penthouse apartment with lovely sea views, located in a prestigious area in San Agustin, close to Palma. This amazing project, which is soon to be compl...

REF: 218557
  • Floor Size: 304 square metres
  • Bedrooms: 3
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2 bedroom apartment for sale, Can Pastilla, Palma Area, Mallorca

2 bedroom apartment for sale, Can Pastilla, Palma Area, Mallorca
345,000 EUR

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

With super sea views, this bright and spacious open plan 2 bedroom apartment is ideally situated just a couple steps from the sea and Mallorca's beautiful beaches. With around 65m2 of living a...

REF: 217999
  • Floor Size: 65 square metres
  • Bedrooms: 2
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2 bedroom apartment for sale, Palma, Palma Area, Mallorca

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

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

A fantastic 2 bedroom penthouse situated in the old town of Palma with spectacular sea views from the terrace and over the roof tops to the Cathedral. It is located in the Drassanas Square,...

REF: 217956
  • Floor Size: 124 square metres
  • Bedrooms: 2
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6 bedroom villa for sale, Portal Nous, Palma, Palma Area, Mallorca

6 bedroom villa for sale, Portal Nous, Palma, Palma Area, Mallorca
2,500,000 EUR

6 bedroom villa for sale, Portal Nous, Palma, Palma Area, Mallorca

Grand, spacious and beautifully presented, this superb 6 bedroom villa is ideally located just a stones throw from the beach and a just a few minutes walk into the village of Portals Nous and all amen...

REF: 217639
  • Floor Size: 607 square metres
  • Plot Size: 872 square metres (0.09 hectares / 0.22 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
395,000 EUR

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

Charming bright and spacious 2 bedroom first floor apartment, with a total living area of 75m2 and with the advantage of having private parking, ideally located in the Palma Old Town area, within one ...

REF: 217635
  • Floor Size: 75 square metres
  • Bedrooms: 2
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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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