Flat 195 м² in Palma de Mallorca, Spain

1 291 569 $

6 623 $ /м²

4OUU0

Flat 195m² in Spain, Palma de Mallorca. Priced at 956647£ rent photo- #1

Flat 195m² in Spain, Palma de Mallorca. Priced at 956647£ rent photo- #2

Flat 195m² in Spain, Palma de Mallorca. Priced at 956647£ rent photo- #3

Flat 195m² in Spain, Palma de Mallorca. Priced at 956647£ rent photo- #4

Flat 195m² in Spain, Palma de Mallorca. Priced at 956647£ rent photo- #5

Flat 195m² in Spain, Palma de Mallorca. Priced at 956647£ rent photo- #6

Area

195 м²

Bedrooms

Bathrooms

Apartment for sale in Palma de Mallorca, Spain

This impressive property is located in one of the most sought after neighborhoods and is sought after by the most demanding buyers. This 195 square meter apartment is strategically distributed, creating both a cozy and spacious environment. With four double bedrooms and one single room, this home is ideal for large families or those who need extra space for guests or personal offices. In addition, a spacious dining room (40m²) along with an equipped kitchen (18m²) and a south facing covered terrace provide plenty of natural light throughout the day. The extras are numerous and include PMR access, built-in closets, elevator, decorative floors, underfloor heating, satellite TV, fiber optic and other details. Green areas such as trees and nearby parks make this place comfortable as it is close to schools, shopping centers, playgrounds, etc. If you are looking for a unique property where you can live surrounded by only the best, this one could be perfect!

Services and facilities

Lift

Additional details

Property type

Residential Properties

Object type

Flat

Price

1 291 569 $

Characteristics

Lift

FAQ

In Spain a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Palma de Mallorca; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Spain finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Spain takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Palma de Mallorca short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (1 291 569 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Palma de Mallorca: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).