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.

132 properties

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

2 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca
275,000 EUR

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

Bright and spacious fully furnished and renovated 2 bedroom apartment, ideally located near all amenities in Santa Catalina and Jaime III. The apartment has a living area of approximately 65m2...

REF: 233071
  • Floor Size: 65 square metres
  • Plot Size: 12 square metres (0.00 hectares / 0.00 acres)
  • Bedrooms: 2
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5 bedroom villa for sale, El Terreno, Palma Area, Mallorca

5 bedroom villa for sale, El Terreno, Palma Area, Mallorca
2,250,000 EUR

5 bedroom villa for sale, El Terreno, Palma Area, Mallorca

Beautifully renovated, exceptional Majorquin style villa with garden offering various uses, enjoying sea views from its location near the beach and all amenities in Palma /El Terreno. This uniq...

REF: 233056
  • Floor Size: 921 square metres
  • Plot Size: 530 square metres (0.05 hectares / 0.13 acres)
  • Bedrooms: 5
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3 bedroom apartment for sale, Santa Margalida, Palma Area, Mallorca

3 bedroom apartment for sale, Santa Margalida, Palma Area, Mallorca
276,500 EUR

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

Very nicely presented ground floor apartment with 3 bedrooms and excellent outdoor space in a great location only 150m from the sea in a quiet residential area. The 88m2 property has the bene...

REF: 233033
  • Floor Size: 88 square metres
  • Bedrooms: 3
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2 bedroom apartment for sale, San Agustin, Palma Area, Mallorca

2 bedroom apartment for sale, San Agustin, Palma Area, Mallorca
297,000 EUR

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

Superb 2 bedroom modern apartment, with a total bright living area of 67m2 and ready to move into, ideally situated in a highly sought after area in San Agustin. With a stylish finish througho...

REF: 233026
  • Floor Size: 67 square metres
  • Bedrooms: 2
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3 bedroom apartment for sale, La Calatrava, Palma, Palma Area, Mallorca

3 bedroom apartment for sale, La Calatrava, Palma, Palma Area, Mallorca
1,955,000 EUR

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

New and luxurious 3 bedroom duplex apartment with garage, set in an elegant building near all amenities in the Calatrava area of Palma. This spacious property with an area of 226 m2 comprises o...

REF: 232914
  • Floor Size: 226 square metres
  • Bedrooms: 3
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4 bedroom villa for sale, Genova, Palma Area, Mallorca

4 bedroom villa for sale, Genova, Palma Area, Mallorca
3,490,000 EUR

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

Superb modern and spacious newly built 4 villa, ideally situated within a quiet, natural and elevated setting in Genova, which is a highly sought-after district of the island's capital Palma, with ama...

REF: 232913
  • Floor Size: 462 square metres
  • Plot Size: 1,018 square metres (0.10 hectares / 0.25 acres)
  • Bedrooms: 4
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2 bedroom apartment for sale, Son Espanyolet, Palma Area, Mallorca

2 bedroom apartment for sale, Son Espanyolet, Palma Area, Mallorca
550,000 EUR

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

Lovely 2 bedroom 1st floor apartment, with a total spacious living area of 112m2, ideally situated within a highly sought-after area in Espanyolet, which is a district of the island's capital Palma. <...

REF: 232885
  • Floor Size: 112 square metres
  • Bedrooms: 2
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3 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca

3 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca
3,295,000 EUR

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

Unique 3 bedroom duplex apartment with a lovely rooftop terrace with a private plunge pool and lovely rooftop views, ideally situated within a highly sought after area in Santa Catalina. Beauti...

REF: 232884
  • Floor Size: 422 square metres
  • Bedrooms: 3
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6 bedroom villa for sale, Son Vida, Palma Area, Mallorca

6 bedroom villa for sale, Son Vida, Palma Area, Mallorca
8,950,000 EUR

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

Ultramodern 6 bedroom villa, with a total spacious living area of 641m2, set on an elevated 2,000m2 plot with an infinity swimming pool and stunning panoramic views over the bay of Palma. Buil...

REF: 232864
  • Floor Size: 641 square metres
  • Plot Size: 2,000 square metres (0.20 hectares / 0.49 acres)
  • Bedrooms: 6
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3 bedroom apartment for sale, Paseo Mallorca, Palma, Palma Area, Mallorca

3 bedroom apartment for sale, Paseo Mallorca, Palma, Palma Area, Mallorca
1,490,000 EUR

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

Ideally located near all amenities in the heart of Palma, is this bright and spacious modern 3 bedroom apartment with parking and large terrace offering panoramic views across the City. This s...

REF: 232845
  • Floor Size: 150 square metres
  • Bedrooms: 3
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