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Palma, Spain

Spacious apartment in Palma Son Oliva

€320,000

€4,000/m²

Great value47% below the typical price per m² for apartments in Palma
2
Bedrooms
1
Bathroom
80 m²
Interior
Apartment
Type
3 days ago
Listed

About this place

Located on Calle Son Oliva, in the Son Oliva neighbourhood, we are pleased to exclusively present this property – an excellent opportunity both for those looking for a home in a central location and for investors wishing to benefit from the appreciation potential of Mallorca’s capital. Just a 10-minute walk from Plaza España, 4 minutes from the bullring, and with supermarkets such as Mercadona and Eroski only 2 minutes away, the property enjoys a particularly convenient location. Surrounded by all kinds of services, shops, schools and excellent public transport links, everything is within easy reach and the centre of Palma is quickly accessible. The apartment is located on the second floor of a building with a lift and offers two bedrooms, a full bathroom, a spacious and very bright living room of approximately 25 m², and a generously sized balcony. It originally had three bedrooms, but one was incorporated into the living room to create a larger, more comfortable main living space. The original three-bedroom layout can be restored, offering various redistribution options to suit the needs of the future owner. The property has largely retained its original condition and therefore requires a complete refurbishment. This is precisely where one of its greatest opportunities lies: acquiring a property in a strategic location in Palma and designing a fully personalised home, making the most of its layout, natural light and renovation potential. An attractive opportunity in an established area of Palma, particularly appealing to those who know how to recognise the value of a good location and the potential a property can offer once renovated.

Getting around

  • Nearest beach · Playa Can Pere Antoni

    ~3 min drive · 1.6 km

    Good water quality
  • Palma de Mallorca (PMI)

    ~9 min drive · 8.0 km

Approximate, measured from the property's area rather than its exact address. Drive times © OpenStreetMap contributors (OSRM); airports: OurAirports; bathing water: European Environment Agency, 2024 season.

Where you’ll be

Palma, Spain

Nearest airport
Palma de Mallorca (PMI)
8 km
Also close
Ibiza (Eivissa) (IBZ)
135 km
Nearest city
Barcelona
205 km

Marker is the location supplied by the agency — approximate, and often deliberately so. The exact address is confirmed on enquiry. Distances are straight-line.

ES

Buying property in Spain

Full guide →

Spain welcomes foreign buyers with no nationality restrictions. The buyer needs an NIE (Número de Identidad de Extranjero) before completion, and most buyers open a Spanish bank account to handle the deposit and ongoing charges. An independent lawyer (abogado) is strongly recommended — the notario only checks the deed, not the wider title.

  • Spain ended its Golden Visa property route in April 2025.

  • Non-resident mortgages are widely available, typically 60–70% LTV.

  • Non-resident sellers face a 3% withholding from the sale price (retención), claimable against capital gains tax.

Always check community-of-owners (comunidad) debts and outstanding IBI before completion — they transfer with the property.

General guidance only — confirm specifics with a qualified local lawyer or tax adviser. Reference

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