Contemporary 3 bedroom Penthouse for sale in Palma, Mallorca
Sitiuated just moments from Las Ramblas and the Paseo Borne.
With two bedrooms and two bathrooms en suite, a guest WC, open plan fitted kitchen, bright and spacious dining and living room which opens onto a 40m2 terrace ideal for al fresco dining, sunbathing or sheer relaxation, this penthouse is one of the best properties on the Palma market right now.
High-quality details and materials have been used. The building has a beautiful entrance with storage space ...
Sitiuated just moments from Las Ramblas and the Paseo Borne.
With two bedrooms and two bathrooms en suite, a guest WC, open plan fitted kitchen, bright and spacious dining and living room which opens onto a 40m2 terrace ideal for al fresco dining, sunbathing or sheer relaxation, this penthouse is one of the best properties on the Palma market right now.
High-quality details and materials have been used. The building has a beautiful entrance with storage space for bicycles and a guest apartment available for the owners' needs if extra space is ever required.
Palma, the capital of the island of Mallorca, located in the bay of the same name, has a pleasant climate all year (17.9 degree C annual average). Known for its tourism and elegant shops, this city also has a beautiful Old Town. The Cathedral, the Palace of the Almudaina, the Lonja square and the Plaza Mayor are some of the places that make this wonderful city so mystical.
Palma has excellent public transportation and is just a 15 minute drive away from the international airport.
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This Apartment is located in Palma in Balearic Islands
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Buying a Property in the Balearic Islands
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.