Buying Off-Plan Property in Mallorca
If you’re looking for a new, modern property that suits you entirely, buying off plan could be the perfect solution. What are off-plan properties and where can they be found in Mallorca?
What is buying off plan?
Buying off plan means purchasing a property while it’s still in the planning or construction stages. You make your decision based on the property’s plans, and as such you buy ‘off plan’. In Mallorca, off-plan properties can take the form of villas, country houses (fincas), or apartments.
Usually, you will be shown computer-generated images of the property, floorplans, and the plot itself. Larger development companies may also create a ‘show home’ version of one of their properties so that potential buyers can get a better idea of style and layout. Off-plan properties are usually modern and inviting, and can offer the opportunity for lucrative investments.
Why buy an off-plan property in Mallorca?
Ready-made, just for you
Off-plan properties have benefits that make them an attractive option, no matter which area of the island you prefer. Once your property is built, it will be ‘move-in ready’, meaning that you can enjoy your new home without worrying about renovations or additional work.
While this is true for any new build, off-plan property developers often allow the buyer to customise the interior design of their new house before it is completed. Aspects of the new property are then made with the buyer in mind, which is a unique benefit to off-plan purchases.
If the off-plan property is part of a bigger development, there may be a variety of property types on offer. This means that, if you’ve fallen in love with the area, you have more choice than you would when buying a traditional property. The availability and variety of properties on offer will vary depending on the size and age of the development. Viewing plans at the earliest stages of the project can help you secure your first plot choice.
Off-plan properties help developers to manage their budgets, which means they can be flexible on price. Some off-plan properties come with built-in discounts or offer the opportunity to pay in stages.
As with any type of property, these homes come at a wide range of prices. Have a look at our selection of beautiful new developments across Mallorca to find the right off-plan or new property for you.
How to buy off plan
At Balearic Properties, we can help you through the process of buying off plan. Buying a property abroad can be a daunting task. However, we have expert real estate knowledge and are specialists in the Mallorcan market.
Once you decide to buy, you will need to engage the services of a solicitor or lawyer who speaks your language. We can provide you with a list of local law firms, or you can choose to work with a trusted lawyer you know. You can find out more about how to find the right Mallorcan lawyer in our article.
Balearic Properties will coordinate with your chosen lawyer to help the buying process go smoothly, meaning you can relax. Once you have signed all the relevant documents, you will be able to monitor the progress and developments of your property build.
Where to buy the best off-plan properties in Mallorca
In short, you can find gorgeous off-plan properties across the island. However, different regions offer their own benefits. We’ve curated a selection of properties below, each with a description of the region, to help you discover the stunning locations currently on offer.
Palma de Mallorca might be famous for its lively centre and extensive range of tourist attractions, but many overlook its smaller neighbours. The charming village of Genova is just minutes from Palma, offering magnificent views from its hillside spot. The area boasts local pine forests and a sense of tranquillity, despite having the bustling capital of Palma within easy reach.
Villa project with wonderful terraces and rooftop glass pool in Génova
Price: 1,495,000 €
Completion date: TBC
The show-stopping feature of this beautiful three-bedroom project is its glass-fronted pool that offers spectacular roof-top views. The villa plans have been designed with incredible attention to detail, creating an open-plan downstairs living space, three bedrooms and four bathrooms. Find out more.
About Alcanada, Alcúdia
Located in the north of Mallorca, this gorgeous region is home to an enchanting old town and attractive sandy beaches. The area is particularly known for its sweeping 4-mile-long beach that offers water sports and the perfect spots to relax. The town itself boasts delightful cobbled streets. Many of the houses there date back to the 13th century and there are regular festivals and markets held throughout the year.
Frontline project for a luxury villa offering breath-taking sea views
Price: 3,750,000 €
Completion date: 2020
Overview: This incredible plot comes with permission to build a four-bedroom luxury villa. The property will offer magnificent views across the Bay of Alcúdia and an attractive open-plan downstairs living area. Alcanada’s highly-rated golf course is only two minutes away. This particular property is in an exclusive location and provides a brilliant opportunity for a lucrative investment. See more here.
Balearic Properties, your property partner in Mallorca
At Balearic properties, we pride ourselves on our local market knowledge. We provide the highest-quality services to make your buying journey easier. We have a selection of online guides available on the property market in Mallorca and we can advise about how to secure properties in the most sought-after areas of the island.
If the idea of buying an off-plan property appeals to you, we recommend getting in touch to discuss what you’re looking for.