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Iris Gruenewald

Buying a Property in Mallorca

You have decided that you definitely want your own Mallorca villa. This is the stage where you need to turn to a leading local estate agent for assistance throughout the search and purchase process and for professional after sales support.

We arethe reputable real estate company with an extensive, in-depth knowledge of all regions on Mallorca and a superb dedication to clients and property owners. With offices in the north and south of the island and an ever-growing team of sales experts, we cover the whole island and our Mallorca property portfolio increases day by day. We can safely assure you that we are island leaders in the real estate sector!

The company philosophy is to gain a precise understanding of client requirements and visions in order to find the perfect island retreat for each individual lifestyle.

Therefore, tell us clearly about your objectives and be precise about whether you are buying the property for holiday use, retirement or investment. Are you planning to rent out your Mallorca villa or live there? The more information you give our team of sales experts, the sooner you will be the proud owner of a beautiful country home in Mallorca, a fashionable town house, or a luxury apartment in one of the trendy locations on the island.

Be very clear about what you intend to purchase for: if you are a cash buyer investing for capital growth, letting your Mallorca property may not be a priority. But if you are relying on rental income to cover your mortgage costs and overheads, letting potential is a vital consideration.

You will also need to appoint an independent lawyer or solicitor.

Your lawyer will represent your legal interests throughout the purchase process and afterwards. He / she will then liaise with us to ensure that the complete purchase process goes smoothly. Generally fees for a lawyer here on Mallorca vary between 1% and 1.5% of the transaction price. Calculate as purchase costs i.e. transfer tax, notary and registration fees etc. which are paid by you, the buyer, about 10% - 13% of the purchase price to obtain an approximate idea.

We believe that the post sales service is as important as the pre sales service, in particular for those buyers who wish to generate a good rental income from their newly acquired Mallorca island house. Our company provides the complete infrastructure to support the absent owners with a complete property management service providing all needed key-holding, maintenance and security services.

Generate income and cover costs!

Our rental company Balearic Villas will make sure you generate a neat income whilst you are not using your property yourself. Check out www.balearic-villas.com by using the link on this website for a detailed overview!

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