Bungalows for sale in Palma

Bungalows for sale in Palma — what you need to know

Bungalows for sale in Palma are a popular choice for international buyers on the Mallorca. Here is our complete guide — with prices, practical advice and what to look out for.

Bungalows (plantas bajas or bungalows) are single-storey properties in Palma that are particularly popular with retirees and couples who want a practical home with no stairs and direct access from all rooms onto a terrace or garden. The property type is well represented in urbanizaciones on the Mallorca and typically comes with a small private terrace or front garden, while the urbanización's shared pool is used rather than a private one. Pricewise, bungalows sit close to apartment level, but with the advantage of outdoor space and direct access to the garden.

In Palma, bungalows are a sought-after property type for those who want accessibility and simplicity. No stairs is a genuine practical advantage in everyday life — particularly relevant for buyers who are already planning to use the property as their primary residence over the coming decades, or for those considering renting to a wider audience including guests with mobility needs. Bear in mind that ground-floor units (plantas bajas) tend to be slightly darker and can have more damp than upper floors — good ventilation and insulation are important things to check.

A bungalow in Palma is particularly sought-after by those planning to live permanently or semi-permanently on the Mallorca. The supply of bungalows on the market is relatively limited compared with apartments and townhouses, and the most desirable are south-facing with a direct view of the communal pool — these sell quickly and typically hold their value well over time. Consider whether single-storey living suits your long-term needs before committing.

Prices for bungalows in Palma

Palma is one of the most expensive and exclusive property markets compared with the rest of the Mallorca. Bungalows in Palma typically cost 300,000-700,000 EUR — equivalent to around 3,500-7,000 EUR per square metre or more for a well-maintained property. On top of that, allow for the ITP transfer tax (8-11% (progressive based on price) in the Balearic Islands), notary fees and legal fees. Use the mortgage calculator to see what you could borrow.

Prices have shown a stable to rising trend in recent years, driven by growing international demand. Arguably the Mediterranean's most exclusive capital — a Gothic cathedral, a historic old town and one of Europe's priciest property markets. The most sought-after locations — beachfront properties, sea views and central positions — sell quickly and achieve the top end of the price range or above.

Bungalows in Palma — the town's character and location

Palma is Mallorca's capital and one of the priciest property markets in the Mediterranean. German buyers dominate, particularly in the trendy Santa Catalina district and the historic old town, but interest from British, Scandinavian and other international buyers is growing. New-build is rare in the historic centre, which keeps prices high.

Palma attracts international buyers for: the la seu cathedral and a world-class old town, europe's busiest marinas and maritime life and direct flights to almost all of europe. This makes Palma an attractive place to buy a bungalow — not only for personal use but also for letting out and future resale. Need an English-speaking local estate agent in Palma? Contact us here and we will put you in touch with the right local advisor.

Buy bungalows in Palma — the process step by step

Bungalows in Palma are a solid investment on the Mallorca — and the process follows the same steps as for any Spanish property type. Buying bungalows in Palma requires an NIE tax number, a Spanish bank account and an independent solicitor to review the property and confirm there are no loans or legal proceedings attached to it. Once you have found the right property, an arras contract is signed (a reservation agreement with a deposit of typically 10%) before the final completion at the notary.

As an international buyer who owns a bungalow in Palma, it is important to understand the tax implications in your home country: most tax authorities require you to declare foreign property ownership, and any rental income must be taxed in Spain and declared at home (double taxation treaties prevent you from being taxed in full twice). A tax advisor experienced in Spanish cross-border taxation is a sound investment from the very start. Ready for the next step? Get in touch and we will find an English-speaking estate agent in Palma to guide you through it.

FAQ: Bungalows in Palma