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.

181 properties

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

4 bedroom house for sale, Santa Catalina, Palma Area, Mallorca
647,000 EUR

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

Unique opportunity to acquire a chalet style house incorporating 2 separate apartments located near the beach and all amenities in a sought after area of Palma. The property is distributed as f...

REF: 225597
  • Floor Size: 175 square metres
  • Bedrooms: 4
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6 bedroom house for sale, Santa Catalina, Palma Area, Mallorca

6 bedroom house for sale, Santa Catalina, Palma Area, Mallorca
1,850,000 EUR

6 bedroom house for sale, Santa Catalina, Palma Area, Mallorca

Bright, modern and spacious newly built 6 bedroom townhouse, with a total living area of 329m2, ideally located just a few minutes from all the amenities in Santa Catalina. There are 2 beautif...

REF: 225596
  • Floor Size: 329 square metres
  • Plot Size: 123 square metres (0.01 hectares / 0.03 acres)
  • Bedrooms: 6
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4 bedroom villa for sale, Palma, Palma Area, Mallorca

4 bedroom villa for sale, Palma, Palma Area, Mallorca
620,000 EUR

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

An attractive semi-detached townhouse with great views across Palma from a spacious roof terrace and conveniently located within walking distance of several amenities including, shops, restaurants and...

REF: 225579
  • Floor Size: 240 square metres
  • Bedrooms: 4
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2 bedroom apartment for sale, Palma, Palma Area, Mallorca

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

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

Sunny 2 bedroom apartment in a great location in the Old Town area of Palma. The 73m2 property includes a hall, living room with windows, separate kitchen, 2 bedrooms, and a bathroom. It featu...

REF: 225539
  • Floor Size: 73 square metres
  • Bedrooms: 2
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4 bedroom farmhouse for sale, Alqueria Blanca, Santanyi, Palma Area, Mallorca

4 bedroom farmhouse for sale, Alqueria Blanca, Santanyi, Palma Area, Mallorca
4,800,000 EUR

4 bedroom farmhouse for sale, Alqueria Blanca, Santanyi, Palma Area, Mallorca

Unique 4 bedroom Mallorcan finca, ideally situated in a quiet and highly sought after area in the hills near Felanitx in eastern Mallorca, which is privileged location between Alqueria Blanca and Cas ...

REF: 225514
  • Floor Size: 640 square metres
  • Plot Size: 76,000 square metres (7.60 hectares / 18.78 acres)
  • Bedrooms: 4
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3 bedroom apartment for sale, Paseo Maritimo, Palma, Palma Area, Mallorca

3 bedroom apartment for sale, Paseo Maritimo, Palma, Palma Area, Mallorca
500,000 EUR

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

Bright and spacious 3 bedroom marina front apartment, with a total well presented living area of 127m2, located Paseo Maritimo, within a building next to the green zone of La Cuarentena Gardens and wi...

REF: 225477
  • Floor Size: 127 square metres
  • Bedrooms: 3
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4 bedroom villa for sale, Son Vida, Palma Area, Mallorca

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

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

A stylish luxury villa in Son Vida, with impressive views over the surrounding countryside and the bay of Palma. This spacious architect - designed villa is found in the exclusive neighbourhoo...

REF: 225436
  • Floor Size: 730 square metres
  • Plot Size: 2,100 square metres (0.21 hectares / 0.52 acres)
  • Bedrooms: 4
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3 bedroom apartment for sale, Bonanova, Palma Area, Mallorca

3 bedroom apartment for sale, Bonanova, Palma Area, Mallorca
495,000 EUR

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

Bright and stylish sea view apartment in the sought after residential area of La Bonanova in Palma de Majorca. The 125m2 property has been renovated to a very high standard and offers 110 m2...

REF: 225409
  • Floor Size: 125 square metres
  • Bedrooms: 3
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4 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca

4 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca
650,000 EUR

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

Spacious 4 bedroom apartment for sale in a sought- after, central and residential part of Palma, close the vibrant heart of Santa Catalina and a few metres from the prestigious Palma tennis club.

REF: 225408
  • Floor Size: 200 square metres
  • Bedrooms: 4
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2 bedroom apartment for sale, Palma, Palma Area, Mallorca

2 bedroom apartment for sale, Palma, Palma Area, Mallorca
330,000 EUR

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

A most attractive modern apartment in the heart of Palma's Old Town with the renowned tourist attractions, cafes, restaurants, and all amenities right at the doorstep. . The delightful apartme...

REF: 225368
  • Floor Size: 75 square metres
  • Bedrooms: 2
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