For sale
La Bonanova · Palma de Mallorca
Palma de Mallorca · neighbourhood guide
La Bonanova
On the slope above the bay, west of the centre, where the terraces face the sea.
1 property with us here1.150.000 €Buyer's agent, never the seller'sEnglish · Svenska · Deutsch · Español
The neighbourhood
What La Bonanova is
La Bonanova sits on the slope west of Palma's centre, above the bay and between Porto Pi and Gènova. It is residential the whole way up, and what is bought here is height: the further up the slope, the more of the bay a terrace holds.
The property we hold here is described by its own listing as a quiet residential area with everything you need within an eight minute walk, and with sea views from every room but the bathrooms.
Who buys here
The buyer this neighbourhood suits
Buyers who want the view and the quiet, and who accept that the daily errands are a walk down and a walk back up rather than a doorstep. It suits a second home that is used in long stretches rather than in weekends.
The homes
What the buildings are
Apartment buildings on the slope, most with terraces turned to the sea, in gated communities with gardens and pools. Ours is from 2010, renovated in 2023 by Negre Studio, sold furnished, with a south-facing terrace along the living room, two parking spaces and a storage room.
- Type of homeApartments
- Built2010
- Built surface135 m²
- Bedrooms3
What it costs
1.150.000 €
The single home we are holding in La Bonanova today, reference WMI111. One property is not a market, it is one asking price. These are asking prices in our own portfolio, not a market average. Transfer tax, notary and legal fees come on top.
W Mallorca Invest here
Our own properties
Buying in Palma
Three things that apply wherever you buy
- The tax page
The transfer tax
A resale property in the Balearics carries transfer tax, ITP, in bands: 8 per cent up to 400.000 €, rising to 13 per cent above 2.000.000 €, with stamp duty of 1,5 to 2 per cent on top. A new build carries 10 per cent VAT instead of ITP.
- The purchase process
Securing the property
When the terms are agreed the home is secured through an Arras, a private contract between the two parties, usually written by the buyer's lawyer, with ten per cent of the price deposited into the notary account and deducted from the final payment.
- The new rules
The agent register
Law 3/2024 requires every estate agent in the Balearics to be entered in the official register, ROAIIB, and to carry that registration number in every contract. Ours is GOIBE605090/2024.
The next step
Book a private consultation
Thirty minutes, in Palma or by video, in English, Swedish, German or Spanish. We start from La Bonanova and end with a written brief and a realistic picture of what your budget buys here.