Comprehensive Guide to Buying Property In Mallorca
Comprehensive Guide to Buying Property
in Mallorca
Buying a property in Spain should not be approached frivolously. It is a big investment in time and money, and the result is likely to have a significant impact on your life. Here are the most important topics to get you started with buying your holiday home in Mallorca to make sure you have a speedy and stress-free buying process. We have also included a few aspects of owning and selling a property in Mallorca.
Buying a property
Defining Your Spanish Property Needs
Set up a useful document to understand and prioritise your requirements based on your motivation and circumstances to guide towards a successful property search.
Drawing Up a Clear Spanish Property Brief
Create a detailed document with the property characteristics, location and usage to share with property finders and estate agents.
Getting ready to Buy Property in Mallorca
The arrangements you need to take to move effectively through the buying process.
Hire an independent Lawyer/Solicitor
The single most important advice in the buying process and what points to take into account to get the right lawyer.
Arrange Holiday Home Insurance
A specialist form of insurance for protection against accidental damage and public liability protection.
Open a Foreign Exchange Trading Account
Why open en foreign exchange trading account at an early stage in the buying process.
Pre-arrange a Mortgage
To make sure you can move with speed and without haste when you find the property you want to buy.
Request a Foreigner Identity Number – NIE (Número de Identidad de Extranjero)
Get your Spanish identity number in time for a stressfree buying process.
The Buying Process
Making a decision to find the best property on the market, due diligence and legal formalities before coming to a buying agreement.
The Cost of Buying a Property in Mallorca
In this article, you find the costs, fees, and taxes over and above the property price.
Owning a Holiday Home
The Cost of Owning a property in Mallorca
Taxes, fees and insurance while owning a property in Mallorca.
Holiday lettings and tourist rental licenses in the Balearics: FAQ for owners
All you need to know on the holiday rental license (ETV) in Mallorca.
Selling a property in Mallorca
The Cost of Selling a Property in Mallorca
The costs, fees and energy certification when selling a property in Mallorca.
Spanish Energy Efficiency Certificate FAQ
All the information you need on the mandatory energy certificate.
Morgan and Morgan can guide you through the process of buying a property in Mallorca. Get in contact for more information.
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