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.

159 properties

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6 bedroom townhouse for sale, Genova, Palma Area, Mallorca

6 bedroom townhouse for sale, Genova, Palma Area, Mallorca
1,395,000 EUR

6 bedroom townhouse for sale, Genova, Palma Area, Mallorca

Bright and spacious 6 bedroom townhouse with lovely sea views, ideally situated within a highly sought after area in Genova, with basic amenities nearby and just 3km from Porto Pi shopping centre and ...

REF: 230237
  • Floor Size: 357 square metres
  • Bedrooms: 6
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3 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca

3 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca
599,000 EUR

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

Lovely 1s floor apartment, which is full of character and charm, with a total spacious living area of 120m2, plus a 120m2 terrace with lovely rooftop views towards the sea, ideally situated right in t...

REF: 230108
  • Floor Size: 120 square metres
  • Plot Size: 120 square metres (0.01 hectares / 0.03 acres)
  • Bedrooms: 3
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3 bedroom penthouse for sale, La Calatrava, Palma, Palma Area, Mallorca

3 bedroom penthouse for sale, La Calatrava, Palma, Palma Area, Mallorca
3,700,000 EUR

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

Set in a beautifully renovated historical building in the heart of Palma, is this stunning, luxurious 3 bedroom duplex penthouse with large roof terrace and plunge pool. Situated right in the h...

REF: 230063
  • Floor Size: 274 square metres
  • Plot Size: 50 square metres (0.01 hectares / 0.01 acres)
  • 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
2,450,000 EUR

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

Situated in one of the most sought after and exclusive locations in Mallorca, is this stunning, luxurious 5 bedroom villa with pool and separate studio, nestling in half an acre of glorious landscaped...

REF: 230062
  • Floor Size: 553 square metres
  • Plot Size: 2,340 square metres (0.23 hectares / 0.58 acres)
  • Bedrooms: 5
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3 bedroom apartment for sale, Bonanova, Palma Area, Mallorca

3 bedroom apartment for sale, Bonanova, Palma Area, Mallorca
555,000 EUR

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

Bright and totally refurbished 3 bedroom apartment with a total living area of 100m2, plus a large private terrace of 120m2, ideally situated within a highly sought after setting in Bonanova, in the d...

REF: 230039
  • Floor Size: 100 square metres
  • Plot Size: 120 square metres (0.01 hectares / 0.03 acres)
  • 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
3,750,000 EUR

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

Luxurious and completely refurbished 5 bedroom villa with stunning sea and mountain views, ideally located in a highly sought-after residential area alongside Son Vida golf course, in the district of ...

REF: 229932
  • Floor Size: 537 square metres
  • Plot Size: 1,854 square metres (0.19 hectares / 0.46 acres)
  • Bedrooms: 5
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5 bedroom villa for sale, Son Vida, Palma Area, Mallorca

5 bedroom villa for sale, Son Vida, Palma Area, Mallorca
3,950,000 EUR

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

Magnificent and totally refurbished 5 bedroom family home, which is ideally situated next to Son Vida golf course, which is one of the most sought-after residential areas of Palma de Mallorca.

REF: 229892
  • Floor Size: 662 square metres
  • Plot Size: 2,432 square metres (0.24 hectares / 0.60 acres)
  • Bedrooms: 5
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4 bedroom house for sale, Palma, Palma Area, Mallorca

4 bedroom house for sale, Palma, Palma Area, Mallorca
1,900,000 EUR

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

Very well presented, bright and spacious 4 bedroom townhouse with garden and terraces, enjoying stunning sea views from its ideal location near all amenities in the heart of Palma. This large p...

REF: 229863
  • Floor Size: 680 square metres
  • Plot Size: 70 square metres (0.01 hectares / 0.02 acres)
  • Bedrooms: 4
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1 bedroom apartment for sale, San Agustin, Palma Area, Mallorca

1 bedroom apartment for sale, San Agustin, Palma Area, Mallorca
475,000 EUR

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

Beautifully renovated, bright and modern 4th floor, one bedroom apartment, enjoying sea views from its peaceful location near all amenities in San Agustin, Palma. This 82 m2 property was recent...

REF: 229644
  • Floor Size: 82 square metres
  • Bedrooms: 1
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6 bedroom villa for sale, Son Vida, Palma Area, Mallorca

6 bedroom villa for sale, Son Vida, Palma Area, Mallorca
3,200,000 EUR

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

Luxurious 6 bedroom villa, with a vast total living area of 1,005m2, set within a large manicured plot of 2,634m2 with a swimming pool and stunning mountain views. Totally and beautifully refur...

REF: 229504
  • Floor Size: 1,005 square metres
  • Plot Size: 2,634 square metres (0.26 hectares / 0.65 acres)
  • Bedrooms: 6
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