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.

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

3 bedroom penthouse for sale, San Agustin, Palma Area, Mallorca
1,650,000 EUR

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

Luxurious 3 bedroom penthouse apartment, with stunning sea views, ideally situated within small community of only 2 floors in San Agustin, which is a highly sought after district of Palma de Mallorca....

REF: 229199
  • Floor Size: 130 square metres
  • Plot Size: 130 square metres (0.01 hectares / 0.03 acres)
  • Bedrooms: 3
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7 bedroom villa for sale, Cala Major, Palma Area, Mallorca

7 bedroom villa for sale, Cala Major, Palma Area, Mallorca
2,400,000 EUR

7 bedroom villa for sale, Cala Major, Palma Area, Mallorca

With stunning panoramic sea views, this spacious and authentic 7 bedroom home, which also includes a guest house, is ideally situated in a quiet setting in Cala Mayor with stunning views towards the s...

REF: 229037
  • Floor Size: 1,001 square metres
  • Plot Size: 1,322 square metres (0.13 hectares / 0.33 acres)
  • Bedrooms: 7
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3 bedroom penthouse for sale, Bonanova, Palma Area, Mallorca

3 bedroom penthouse for sale, Bonanova, Palma Area, Mallorca
1,100,000 EUR

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

Luxurious 3 bedroom penthouse apartment located in Bonanova, which is a highly sought after district of Palma de Mallorca and with stunning sea views. Totally and beautifully renovated in the ...

REF: 228445
  • Floor Size: 117 square metres
  • Bedrooms: 3
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3 bedroom townhouse for sale, Santa Catalina, Palma Area, Mallorca

3 bedroom townhouse for sale, Santa Catalina, Palma Area, Mallorca
2,500,000 EUR

3 bedroom townhouse for sale, Santa Catalina, Palma Area, Mallorca

With lovely sea views, this superb 3 bedroom home is ideally situated within a quiet setting in Santa Catalina, which is a highly sought after district of Palma de Mallorca. With a total livin...

REF: 228444
  • Floor Size: 155 square metres
  • Plot Size: 83 square metres (0.01 hectares / 0.02 acres)
  • Bedrooms: 3
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3 bedroom apartment for sale, San Agustin, Palma Area, Mallorca

3 bedroom apartment for sale, San Agustin, Palma Area, Mallorca
425,000 EUR

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

Bright and spacious 3 bedroom character apartment with communal pool, enjoying breathtaking sea views from its sought after location near the beach and all amenities in San Agustin. This charm...

REF: 228159
  • Floor Size: 135 square metres
  • Bedrooms: 3
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3 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca

3 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca
499,000 EUR

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

Totally refurbished 3 bedroom apartment ideally located in a sought-after area in Santa Catalina. With a total recently fully renovated living area of 118m2, features include: 3 double bedroom...

REF: 228138
  • Floor Size: 118 square metres
  • Bedrooms: 3
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5 bedroom villa for sale, Son Vida, Palma Area, Mallorca

5 bedroom villa for sale, Son Vida, Palma Area, Mallorca
3,600,000 EUR

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

Modern, spacious and luxurious 5 bedroom modern villa, with a total living area of 769m2, set within a lovely mature landscaped garden with a swimming pool, located in an elevated position within the ...

REF: 228091
  • Floor Size: 769 square metres
  • Bedrooms: 5
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3 bedroom house for sale, Palma, Palma Area, Mallorca

3 bedroom house for sale, Palma, Palma Area, Mallorca
650,000 EUR

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

Charming 3 bedroom house with pool and garden, located in Sa Cabaneta,near all amenities in Palma. This delightful property is built on two floors and has a constructed area of 160 m2. ...

REF: 228001
  • Floor Size: 159 square metres
  • Plot Size: 700 square metres (0.07 hectares / 0.17 acres)
  • Bedrooms: 3
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3 bedroom apartment for sale, Son Espanyolet, Palma Area, Mallorca

3 bedroom apartment for sale, Son Espanyolet, Palma Area, Mallorca
1,375,000 EUR

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

Luxurious newly built 3 bedroom apartment located in the Santa Catalina, within the highly sought-after Palma Sport & Tennis Club area of Son Espanyolet. With a total living area of 196m2 plus...

REF: 227937
  • Floor Size: 196 square metres
  • Plot Size: 72 square metres (0.01 hectares / 0.02 acres)
  • Bedrooms: 3
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3 bedroom townhouse for sale, Palma, Palma Area, Mallorca

3 bedroom townhouse for sale, Palma, Palma Area, Mallorca
1,500,000 EUR

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

Full of character and charm and completely refurbished, this superb 3 bedroom townhouse is ideally situated within on of the most sought-after areas in the old town area of Palma. Beautifully r...

REF: 227921
  • Floor Size: 380 square metres
  • Bedrooms: 3
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