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.

140 properties

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

5 bedroom villa for sale, Son Vida, Palma Area, Mallorca
8,500,000 EUR

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

Absolutely outstanding and luxurious 5 bedroom villa with separate apartment, Spa with indoor pool, gym and wine cellar, nestling in half an acre of glorious landscaped gardens with amazing pool while...

REF: 231372
  • Floor Size: 806 square metres
  • Plot Size: 2,000 square metres (0.20 hectares / 0.49 acres)
  • Bedrooms: 5
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1 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca

1 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca
260,000 EUR

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

Beautifully presented 1 bedroom ground floor apartment, with a total living area of 54m2 with high ceilings and exposed wooden beams, located in a quiet setting right in the heart of Santa Catalina, w...

REF: 231155
  • Floor Size: 54 square metres
  • Bedrooms: 1
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4 bedroom penthouse for sale, Sant Agusti, Palma, Palma Area, Mallorca

4 bedroom penthouse for sale, Sant Agusti, Palma, Palma Area, Mallorca
3,500,000 EUR

4 bedroom penthouse for sale, Sant Agusti, Palma, Palma Area, Mallorca

Beautifully renovated, luxurious 4 bedroom Penthouse apartment with communal pool, enjoying 360 degree views across the sea and to the mountains beyond, from its idyllic location in Sant Agusti, a sou...

REF: 231071
  • Floor Size: 250 square metres
  • Bedrooms: 4
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3 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca

3 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca
895,000 EUR

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

Bright, spacious and beautifully presented 3 bedroom ground floor apartment, with a total living area of 107m2 which is set out over 2 floors, ideally situated in a highly sought after area in Santa C...

REF: 231022
  • Floor Size: 107 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
890,000 EUR

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

Bright and spacious refurbished 3 bedroom apartment, enjoying uninterrupted sea views from its elevated location near all amenities in Santa Catalina, Palma. This modern and stylish property of...

REF: 230983
  • Floor Size: 128 square metres
  • Plot Size: 151 square metres (0.02 hectares / 0.04 acres)
  • Bedrooms: 3
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2 bedroom apartment for sale, Casco Antiguo, Palma, Palma Area, Mallorca

2 bedroom apartment for sale, Casco Antiguo, Palma, Palma Area, Mallorca
1,500,000 EUR

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

Stylishly renovated 2 bedroom Duplex apartment with large roof terrace, located near all amenities in Plaza del Mercadal, a privileged area of Palma's historic centre. The 180m2 comprises ...

REF: 230982
  • Floor Size: 180 square metres
  • Bedrooms: 2
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3 bedroom townhouse for sale, Son Espanyolet, Palma Area, Mallorca

3 bedroom townhouse for sale, Son Espanyolet, Palma Area, Mallorca
1,950,000 EUR

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

Beautifully refurbished 3 bedroom townhouse located in a quiet setting in Son Espanyolet, which is a highly sought after district of the island's capital Palma. With a total living area of 273...

REF: 230932
  • Floor Size: 273 square metres
  • Plot Size: 152 square metres (0.02 hectares / 0.04 acres)
  • 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
3,500,000 EUR

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

Absolutely stunning newly built single storey, 4 bedroom villa with expansive pool, nestling in 3/4 acre of beautiful landscaped gardens, located in one of the most luxurious and exclusive residential...

REF: 230776
  • Floor Size: 732 square metres
  • Plot Size: 3,009 square metres (0.30 hectares / 0.74 acres)
  • Bedrooms: 4
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1 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca

1 bedroom apartment for sale, Santa Catalina, Palma Area, Mallorca
290,000 EUR

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

Bright and beautifully presented 1 bedroom apartment situated within a new residence in Santa Catalina, with just 3 apartments in total in the building. Built with quality materials and finishe...

REF: 230763
  • Floor Size: 56 square metres
  • Bedrooms: 1
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4 bedroom penthouse for sale, Palma, Palma Area, Mallorca

4 bedroom penthouse for sale, Palma, Palma Area, Mallorca
3,300,000 EUR

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

Luxury 4 bedroom renovated duplex penthouse apartment, set on the third floor and enjoying panoramic views across Palma from its large roof terrace. Set in Palma Old Town in a development of o...

REF: 230716
  • Floor Size: 431 square metres
  • Bedrooms: 4
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