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.

125 properties

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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

Outstanding 3 storey, 6 bedroom luxury villa nestling in half an acre of glorious landscaped Mediterranean gardens with expansive pool, while enjoying wonderful countryside views from its prestigious ...

REF: 236196
  • Floor Size: 623 square metres
  • Plot Size: 2,020 square metres (0.20 hectares / 0.50 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
998,000 EUR

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

Unique opportunity to acquire a stunning 2 bedroom modern and luxurious apartment, ideally located in a privileged area near to Paseo Borne and the Cathedral in Palma. This elegant new property...

REF: 236194
  • Floor Size: 130 square metres
  • Bedrooms: 2
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4 bedroom villa for sale, Son Vida, Palma, Palma Area, Mallorca

4 bedroom villa for sale, Son Vida, Palma, Palma Area, Mallorca
1,990,000 EUR

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

Ultra modern 4 bedroom luxury villa with pool, garden and Jacuzzi, enjoying wonderful views across the City from its ideal location near all amenities in a peaceful and prestigious area of Son Vida, P...

REF: 236181
  • Floor Size: 361 square metres
  • Plot Size: 486 square metres (0.05 hectares / 0.12 acres)
  • Bedrooms: 4
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4 bedroom apartment for sale, Palma, Palma Area, Mallorca

4 bedroom apartment for sale, Palma, Palma Area, Mallorca
1,395,000 EUR

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

Superb 4 bedroom apartment located in an exclusive area on the Paseo del Born in Palma. With a total spacious living area of 185m2, this charming apartment boasts many special features such as...

REF: 236087
  • Floor Size: 185 square metres
  • Bedrooms: 4
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1 bedroom apartment for sale, Casco Antiguo, Palma, Palma Area, Mallorca

1 bedroom apartment for sale, Casco Antiguo, Palma, Palma Area, Mallorca
485,000 EUR

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

Modern, bright one bedroom apartment with large terrace, ideally located near all amenities in the heart of Palma. This new elegant property situated in the area of La Lonja and Paseo del Borne...

REF: 235944
  • Floor Size: 70 square metres
  • Bedrooms: 1
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2 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca

2 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca
670,000 EUR

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

With a bright totally refurbished living area of 95m2, this charming and elegantly designed 2 bedroom apartment is ideally situated within a highly sought after area in the Santa Catalina district of ...

REF: 235893
  • Floor Size: 95 square metres
  • Bedrooms: 2
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6 bedroom villa for sale, Son Vida, Palma Area, Mallorca

6 bedroom villa for sale, Son Vida, Palma Area, Mallorca
15,900,000 EUR

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

Superb, modern and spacious 6 bedroom villa, located in a quiet setting in Son Vida, with a total vast living area of 1,235m2, which boasts an innovative and luxurious design. Built using the h...

REF: 235856
  • Floor Size: 1,235 square metres
  • Plot Size: 2,811 square metres (0.28 hectares / 0.69 acres)
  • Bedrooms: 6
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4 bedroom apartment for sale, Palma, Palma Area, Mallorca

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

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

Set in a wonderful palace of great historical heritage, is this luxury 4 bedroom duplex apartment, ideally located next to the cathedral of Mallorca in an exclusive neighbourhood of Palma. ...

REF: 235790
  • Floor Size: 198 square metres
  • Bedrooms: 4
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3 bedroom apartment for sale, Palma, Palma Area, Mallorca

3 bedroom apartment for sale, Palma, Palma Area, Mallorca
1,390,000 EUR

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

Beautifully renovated, luxury 3 bedroom first floor apartment, enjoying breathtaking sea views from its ideal location near all amenities in the heart of Palma. This stylish property offers chi...

REF: 235616
  • Floor Size: 200 square metres
  • Bedrooms: 3
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4 bedroom apartment for sale, Portixol, Palma Area, Mallorca

4 bedroom apartment for sale, Portixol, Palma Area, Mallorca
1,345,000 EUR

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

Luxurious 4 bedroom 2nd floor apartment, with a total spacious living area of 180m2, located just a stone's throw away from the charming Portixol harbour with its elegant promenade and 2 nearby beache...

REF: 235566
  • Floor Size: 180 square metres
  • Bedrooms: 4
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