Bright 4 bedroom Apartment for sale with sea view in Palma, Mallorca
With a living area of 192m2, this spacious apartment currently has 4 bedrooms in total, 1 of which is the master bedrooms with its own dressing area and en-suite bathroom. The bright living/dining room area with an adjacent built-in kitchen, has access to a cosy terrace overlooking the city and the sea.
It is located in a solid building, dating back to 1977, with a well-kept entrance area and lift, very close to the Palma Convention centre and the lively Portixol district with trendy bars and restaurants. Furthermore, the property features marble floors, a built-in air c...
With a living area of 192m2, this spacious apartment currently has 4 bedrooms in total, 1 of which is the master bedrooms with its own dressing area and en-suite bathroom. The bright living/dining room area with an adjacent built-in kitchen, has access to a cosy terrace overlooking the city and the sea.
It is located in a solid building, dating back to 1977, with a well-kept entrance area and lift, very close to the Palma Convention centre and the lively Portixol district with trendy bars and restaurants. Furthermore, the property features marble floors, a built-in air conditioning system in each room, double glazed windows, a water-decalcification installation, filtered drinking water and fibre-optic internet. There is direct access to the garage in the building''s basement with 2 private parking space.
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 offers 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.