Tips for Buying Properties in Mallorca
Property Search on Mallorca
Of course, every region in Mallorca has its own special advantages. If one regards the purchase of a property on Mallorca primarily as an investment, however, the choice of the right location will very quickly be reduced to a few locations.
The southwest of the island of Mallorca as a real estate location has always been an exception in this context. The very good general infrastructure and the proximity to Palma make this part of Mallorca particularly attractive for buyers of properties.
Of course, the price level is higher than in remote areas of the island, but the good location also pays off in a future resale.
Why Buy with the Brand that Defines Luxury Real Estate Worldwide?
Let us introduce you to Mallorca's most exclusive homes. Although Christie’s International Real Estate is a global network it draws on the experience, talent and skills of our local expertise on the balearic island of Mallorca. The combination of these two concepts make us stand out from the others. We focus on luxury residential real estate and holiday homes and offer you the tailored, trusted service that Christie's discerning clients have depended on for more than 250 years.
Buying Real Estate in Mallorca
Of course, every region on Mallorca has its own special advantages. However, if one considers the purchase of a property on Mallorca primarily as a practical investment, the choice of the right location will very quickly be reduced to a few locations. The southwest of the island of Mallorca as a real estate location has always been an exception in this regard. The very good general infrastructure and the proximity to Palma make this part of Mallorca particularly attractive for property buyers. Of course, the price level is higher than in remote areas of the island, but as always, the good location also pays off in a future resale.
Buying a Property on Mallorca
Before the Purchase
If you would like to buy a property on Mallorca, then can we help you with the selection. We know all properties for sale in the southwest of Majorca and can advise you individually according to your specifications. If you have decided to buy a property in Mallorca, then we will proceed as follows:
- negotiations with the owner.
- mediation of legal assistance, if desired.
- arrangement of mortgages with our partner banks or obtaining mortgage offers.
- mediation of experts, if desired.
- complete cost statement for the acquisition of the property.
- preparation of purchase, option or reservation contracts in the relevant languages.
- checking the current extracts from the land register.
- applying for a Spanish Tax Number (NIE).
- preparation for the notarial procedure - Planning of the notarial appointment.
- obtaining information on building regulations and municipal building conditions, in particular in the case of interest in purchasing a plot or a property for refurbishment.
After the Purchase
If you have acquired your Mallorca property, some registrations with suppliers and authorities will be necessary.
We will be taking care of:
- registration of water, electricity, telephone, gas, etc. on your behalf.
- registration of property tax and rubbish fees in your name.
- setting up standing orders with your local bank.
Of course we have a grown network of reliable companies on Mallorca.
Often we are asked for recommendations for the following industries:
- attorneys & tax consultants.
- experts & insurances.
- construction companies & craftsmen of all kinds.
- decorators, furniture stores & kitchen studios.
- gardeners & housekeepers.
Questions about Buying Real Estate
General Questions about the Buying Process in Mallorca
The process of buying a property in Mallorca is essentially no different from the procedure in Germany. However, there are differences. Above all, the responsibilities of the parties involved in the sales process in Spain must be considered in detail. Even though EU law has standardised many things, the principle "Spain is different!" often applies in detail.
We would be happy to explain the basic procedure of the purchase process to you. However, we generally advise every prospective buyer to have the purchase accompanied by a lawyer.