Buying

When buying property in Majorca, you will want to opt for a secure, sustainable investment based on sound advice. Majorca is currently considered one of the most stable property markets, with the prospect of a steady increase in value thanks to the positive trend in prices.

We attach great importance to a consulting service tailored to each client, taking into consideration your personal preferences and a price in line with the market, paying special attention to location and building quality. Whereas the very popular south-west of the island still has the highest prices, in some of the other regions you will be able to buy your dream property on more reasonable terms. Bargains are only to be found very occasionally in Majorca and one should be cautious. A low price is often an indication for a poor location or defects in the property. You will therefore not find properties of this kind in our portfolio.

In Spain the broker's commission – on average of five to six percent – is usually paid by the seller.

Taxes and conveyancing costs: We will be with you right through the purchase process to explain the different tax and legal aspects. Generally, Spain is not a low-tax country, you will have to count on additional costs of about 10% of the purchase price for property transfer tax, notary and property register fees. On top of that, you will have to pay a yearly rate to the local authority as well as income and property tax. We recommend you use a lawyer or tax consultant resident in Majorca or a gestoria, a local agency that deals with any official formalities. If you wish, our lawyer can check the relevant entries in the property and commercial register for any outstanding charges or taxes and get the corresponding information for you.