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.

239 properties

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

4 bedroom apartment for sale, Palma, Palma Area, Mallorca
930,000 EUR

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

Spacious and well maintained modern 4 bedroom duplex apartment, with a total living area of 230m2 and a large terrace with a private swimming pool. Convenient located close to the Porto Pi of P...

REF: 216143
  • Floor Size: 230 square metres
  • Bedrooms: 4
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3 bedroom villa for sale, Genova, Palma Area, Mallorca

3 bedroom villa for sale, Genova, Palma Area, Mallorca
810,000 EUR

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

Delightful Mallorcan villa with lovely views over the sea in the charming and peaceful neighbourhood of Genova with the centre of Palma de Majorca just 6 km away. The 125m2 stone property com...

REF: 216129
  • Floor Size: 125 square metres
  • Plot Size: 120 square metres (0.01 hectares / 0.03 acres)
  • Bedrooms: 3
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4 bedroom villa for sale, El Terreno, Palma Area, Mallorca

4 bedroom villa for sale, El Terreno, Palma Area, Mallorca
1,155,000 EUR

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

Versatile 4 bedroom villa in the sought-after district of El Terreno with potential for further development or alteration with panoramic views over the sea and Palma. This two level property c...

REF: 216127
  • Floor Size: 200 square metres
  • Plot Size: 300 square metres (0.03 hectares / 0.07 acres)
  • Bedrooms: 4
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2 bedroom apartment for sale, Palma, Palma Area, Mallorca

2 bedroom apartment for sale, Palma, Palma Area, Mallorca
270,000 EUR

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

A recently renovated 2-bedroom ground floor apartment in the centre of Palma with all the amenities within walking distance, including the popular Calle Blanquerna with its restaurants, cafes, and sh...

REF: 216126
  • Floor Size: 80 square metres
  • Bedrooms: 2
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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 spacious 3 bedroom ground floor apartment, ideally located in the popular area of Bonanova, which is just a few minutes from Porto Pi and the centre of Palma. With around 90m2 of li...

REF: 216116
  • Floor Size: 90 square metres
  • Plot Size: 90 square metres (0.01 hectares / 0.02 acres)
  • Bedrooms: 3
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4 bedroom townhouse for sale, Palma, Palma Area, Mallorca

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

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

Spacious and recently completely renovated 4 bedroom townhouse, with a total beautifully presented living area of 280m2, plus various terraces including a sunny roof terrace and a private swimming poo...

REF: 216115
  • Floor Size: 280 square metres
  • Bedrooms: 4
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2 bedroom apartment for sale, Cala Mayor, Palma, Palma Area, Mallorca

2 bedroom apartment for sale, Cala Mayor, Palma, Palma Area, Mallorca
2,200,000 EUR

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

With simply stunning sea views, this luxurious sea front apartment, with a total living area of 114m2, is ideally situated within a prestigious area with direct access to the San Agustin rocky beaches...

REF: 216114
  • Floor Size: 114 square metres
  • Bedrooms: 2
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3 bedroom penthouse for sale, Es Molinar, Palma, Palma Area, Mallorca

3 bedroom penthouse for sale, Es Molinar, Palma, Palma Area, Mallorca
595,000 EUR

3 bedroom penthouse for sale, Es Molinar, Palma, Palma Area, Mallorca

Bright and spacious 3 bedroom penthouse apartment with lovely sea views, ideally located on one of the side streets close to the promenade and just a few steps from the beach, situated in a quiet resi...

REF: 216099
  • Floor Size: 85 square metres
  • Bedrooms: 3
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3 bedroom apartment for sale, Cala Major, Palma Area, Mallorca

3 bedroom apartment for sale, Cala Major, Palma Area, Mallorca
640,000 EUR

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

Spacious 3 bedroom beach-front apartment with a total living area of 120m2, plus a large terrace with stunning sea views, situated within a building with direct access to Cala Mayor sandy beach.

REF: 216085
  • Floor Size: 120 square metres
  • Bedrooms: 3
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3 bedroom penthouse for sale, Bonanova, Palma Area, Mallorca

3 bedroom penthouse for sale, Bonanova, Palma Area, Mallorca
850,000 EUR

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

Spacious 3 bedroom penthouse apartment with a total living area of 137m2, plus a large 149m2 roof terrace and a further 16m2 terrace, ideally situated within the highly sought after area of Bonanova n...

REF: 216064
  • Floor Size: 137 square metres
  • Bedrooms: 3
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