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.

200 properties

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

2 bedroom penthouse for sale, Palma, Palma Area, Mallorca
1,498,000 EUR

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

Modern and spacious newly built 3 bedroom penthouse apartment, with a total beautifully presented and modern living area of 184m2, ideally situated right in the heart of Palma de Mallorca. Qua...

REF: 226963
  • Floor Size: 184 square metres
  • Bedrooms: 2
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3 bedroom penthouse for sale, Bonanova, Palma Area, Mallorca

3 bedroom penthouse for sale, Bonanova, Palma Area, Mallorca
2,500,000 EUR

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

Newly built 3 bedroom penthouse apartment, with a total bright and spacious living area of 154m2, which is set out over 2 floors, ideally located in a quiet and highly sought after setting in the Bon...

REF: 226956
  • Floor Size: 154 square metres
  • Bedrooms: 3
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1 bedroom apartment for sale, Palma, Palma Area, Mallorca

1 bedroom apartment for sale, Palma, Palma Area, Mallorca
250,000 EUR

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

Bright and beautifully presented 1 bedroom apartment with a spacious terrace, ideally situated within a quiet setting next to Cala Mayor Beach in Palma. With a total living area of around 52m2...

REF: 226940
  • Floor Size: 52 square metres
  • Bedrooms: 1
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4 bedroom villa for sale, Genova, Palma Area, Mallorca

4 bedroom villa for sale, Genova, Palma Area, Mallorca
3,500,000 EUR

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

Modern and beautifully presented 4 bedroom villa, with a total living area of 255m2, set within a manicured garden of 803m2 with a swimming pool and stunning panoramic sea views and ideally located in...

REF: 226938
  • Floor Size: 255 square metres
  • Plot Size: 803 square metres (0.08 hectares / 0.20 acres)
  • Bedrooms: 4
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4 bedroom townhouse for sale, Santa Catalina, Palma Area, Mallorca

4 bedroom townhouse for sale, Santa Catalina, Palma Area, Mallorca
995,000 EUR

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

Charismatic property with stunning sea views and an approved renovation license already in place, ideally located in Es Jonquet/Santa Catalina, which is one of Palma's most desired areas, set in the m...

REF: 226937
  • Floor Size: 198 square metres
  • Bedrooms: 4
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4 bedroom townhouse for sale, Genova, Palma Area, Mallorca

4 bedroom townhouse for sale, Genova, Palma Area, Mallorca
1,990,000 EUR

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

Exceptional newly built 4 bedroom townhouse located in Genova, which is a quiet and highly sought after district of Palma. With a total spacious total living area of 305m2, features include: 4 ...

REF: 226572
  • Floor Size: 305 square metres
  • Plot Size: 344 square metres (0.03 hectares / 0.09 acres)
  • Bedrooms: 4
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3 bedroom townhouse for sale, Genova, Palma Area, Mallorca

3 bedroom townhouse for sale, Genova, Palma Area, Mallorca
950,000 EUR

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

Excellent opportunity to purchase a lovely 3 bedroom home, which is set within a new development with just 4 new properties, located in Genova, which is a quiet and highly sought after district of Pal...

REF: 226661
  • Floor Size: 147 square metres
  • Plot Size: 194 square metres (0.02 hectares / 0.05 acres)
  • Bedrooms: 3
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4 bedroom penthouse for sale, Palma, Palma Area, Mallorca

4 bedroom penthouse for sale, Palma, Palma Area, Mallorca
325,000 EUR

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

Bright and spacious 4 bedroom penthouse apartment, with a total living area of 100m2, plus a large 70m2 roof terrace. located in Palma. Full refurbished, features include: spacious open living...

REF: 226647
  • Floor Size: 100 square metres
  • Plot Size: 70 square metres (0.01 hectares / 0.02 acres)
  • Bedrooms: 4
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7 bedroom villa for sale, El Coasco Antiguo, Palma, Palma Area, Mallorca

7 bedroom villa for sale, El Coasco Antiguo, Palma, Palma Area, Mallorca
14,500,000 EUR

7 bedroom villa for sale, El Coasco Antiguo, Palma, Palma Area, Mallorca

Beautifully restored luxurious 7 bedroom villa with indoor pool, located near all amenities in the highly desirable area of El Coasco Antiguo in Palma. This exceptional property has been restor...

REF: 226600
  • Floor Size: 1,254 square metres
  • Plot Size: 421 square metres (0.04 hectares / 0.10 acres)
  • Bedrooms: 7
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4 bedroom house for sale, Caimari, Selva, Palma Area, Mallorca

4 bedroom house for sale, Caimari, Selva, Palma Area, Mallorca
649,000 EUR

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

Beautifully renovated and full of character 18th century 3 storey, 4 bedroom stone house with pools and garden, located near all amenities in Caimari. This charming town house was lovingly ...

REF: 226597
  • Floor Size: 557 square metres
  • Plot Size: 225 square metres (0.02 hectares / 0.06 acres)
  • Bedrooms: 4
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