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Buying property in mallorca spain

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Sale (6,971)Rent to Own (993)New Construction (771)
440,000
* €/m2
Guide to buying a property in Mallorca Spain
105 m2 | 1 bedrooms | 4 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
We offer you a worry-free processing of the purchase or sale of your property. With Spain's Royals, Hollywood and Rock stars summering on the Majorca, it's an island that has something for everyone. On offer for property. Once I had a customer and I aked him why did you decide to buy property in Mallorca instead of Marbella or other areas in Spain? He said, because my lawyer.

If not, can you as a new owner be held responsible for sellers unpaid bills. That all licenses are in accordance with regulations. That method of settlement is in accordance with normal practice.

A lawyer will be sceptical towards everything that has not been documented and not least know how information on the property can be controlled. So my advise is to use a local lawyer, ie a lawyer who is familiar with Spanish rules for property sales and who has knowledge of local conditions.

We recommend not to enter into contract unless you are certain that you can pay the whole amount in accordance with the contract. This does not just mean that you have to be absolutely certain that you can pay the whole purchase price including expenses , but also that you are certain that you can pay within the time limit that has been agreed.

Please talk to our property agents to get more information about the finance posibilities and mortages in Mallorca, with the low interest rates at the moment, it is allways worth to have a look. Porta Mallorquina - 9 offices in Mallorca; over 2, properties throughout the island.

Selling your property. Letting your property. Property management. Holiday rental. Would you like to sell or let your property? Get in touch with us! About Porta Mallorquina. Franchise in Mallorca. Law and Taxes. We look forward to welcoming you! Porta Mallorquina. Buying property in Majorca — Tips for Buyers. Contents With the assistance of the authorities and solicitors we can, for instance, clarify the following points for our clients: Step by step to your own house Viewing Sales documentation Option contract Application for a NIE-number Powers of attorney Notary contract.

Our sales shop in Arta. Leave a Response Cancel Reply. Search Blog. VAT is also paid in the case when the property is being sold by a company or a business person. This is applicable on all sales that are not subject to VAT and is referred to as real estate transfer tax ITP is applicable. The real estate transfer tax is a regional tax which varies according to each autonomous region. Presently the Balearic Government has established the real estate transfer tax as follows.

Please note, prevailing rates will apply at the time of purchase:. Property tax Impuesto sobre Bienes Inmuebles, IBI is paid annually and is levied on the value of land and urban land according to the assessment of the local council.

As of 1st January , some municipalities in the Balearics e. Non residents whose Spanish property is for owner occupancy, must declare this property for income tax purposes. Example of invoice:. In accordance with the law passed on 23rd Dec , the wealth tax in Spain was suspended with retroactive effect as of 1st Jan , which meant that as of it was no longer necessary to pay wealth tax. For the period to the wealth tax was reinstated.

If a Spanish property belongs to a Spanish S. If you are a non-resident and purchasing property in Mallorca, you will need a NIE Personal Tax Identification Number although obtaining a NIE number, does not affect your tax status in the country of residence! All generally easily available, subject to status at the time and all current legal requirements! Please note: all costs are determined at the time of purchase!!

All subject to negotiation where possible and specific quotes at the time! Spanish Law states that unless stipulated in the Contract, taxes and fees are split between the buyer and the seller as follows:.

Firstly, the Intermediary costs when buying property in Spain:. Despite the ability of the internet to bring together buyers and sellers without the need for an agent, most people still like to use agents or a private Property Search Agent to find or rent property in Spain.

Generally, estate agency fees or commissions are paid by the seller, unless otherwise agreed. If the buyer appoints a personal Property Search Agent , then the search agents fees are paid by the buyer. Normally such costs are more than offset by the personal service of the Property Search Agent, in terms of negotiating the best purchase deal, the potential access to off market properties, your own personal time and costs saved, plus generally improved legal fees!!

Your Property Search Agent if appointed, should hopefully ensure all fees are kept to the most economic levels, including their own costs, whilst negotiating the best purchase price possible with you!

You are strongly advised to engage a lawyer to help you during the buying process. They should also carry out any necessary due diligence checking the ownership claim of the seller, charges on the property, permits, etc. A lawyer — Abogado in Spanish — will charge you according to the service you require. This will vary according to the complexity of the purchase. You should be aware, some lawyers may seek to charge 1.

957,000
* €/m2
Check out our top locations
172 m2 | 6 bedrooms | 1 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Find your dream property for sale in Majorca, on Kyero. With more than Spanish homes for sale and rent from the leading real estate agents in Spain. Once I had a customer and I aked him why did you decide to buy property in Mallorca instead of Marbella or other areas in Spain? He said, because my lawyer. Apartments in Palma starting at Eur. / Buildings to refurbish / Penthouses.

Make your holiday property earn money for you! Holiday rental of your property in Mallorca with Porta Holiday.

Porta Mallorquina - 9 offices in Mallorca; over 2, properties throughout the island. Selling your property. Letting your property. Property management. Holiday rental. Would you like to sell or let your property? Get in touch with us! About Porta Mallorquina. Franchise in Mallorca. Law and Taxes. We look forward to welcoming you! Porta Mallorquina. Buying property in Majorca — Tips for Buyers.

Contents With the assistance of the authorities and solicitors we can, for instance, clarify the following points for our clients: Step by step to your own house Viewing Sales documentation Option contract Application for a NIE-number Powers of attorney Notary contract.

Our sales shop in Arta. The Land Registry Once decided to buy property in Mallorca, the most important document is to register the title deed in the land registry.

The simple land note value is purely informative Obtaining a copy of the nota simple and the cost to request one per via internet is at a rate of 9. Reservation Contract Once you have agreed a price and all the remaining terms of the property purchase have been agreed with the vendors, the next step is to SECURE the property in order that not a third party can buy.

The Title Deed of the property The title deed is the most important document, this is the title deeds to the property. Insurance The Spanish 10 year building insurance is provided by the builder of the property. Any additional policy for contents insurance should be dealt with in the normal way.

Important buying info. Finding a good lawyer. Your first name. Your last name. Your email. A contact number. Your comments. Quiet location plot for sale in Valldemossa with mountain view and sea views.

Quiet location apartment for sale in Palma de Mallorca with roof terrace. Close to all amenities apartment for sale in Puerto de Alcudia with good rental potential and tennis court.

The later value on the property including the letting potential and other is a very imporrant factor for property buyers in Mallorca. For example, a sea view apartment in Mallorca ranges from The rental potential of a villa is normally higher than an apartments and the after value will increase more. When buying a property in Mallorca it is essential to have a good knowledge of the market.

The immense majority of property sales go through Balearic Properties who knows the market perfectly. Remember, the more information you can give to us about your property requirements the better we will assist you.

Foreigners who want to buy property in Mallorca are rarely familiar with Spanish law. Thus they can easily commit formal mistakes when they operate on their own.

244,000
* €/m2
Property in Mallorca
182 m2 | 9 bedrooms | 9 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
With Spain's Royals, Hollywood and Rock stars summering on the Majorca, it's an island that has something for everyone. On offer for property. We offer you a worry-free processing of the purchase or sale of your property. Balearic Properties is Majorca's No.1 property site for real estate.✅ Find luxury Apartments, houses and villas for sale and rent as well as Mallorca property.

Find here a luxury villa for sale or an apartment in the most desired areas of Palma de Mallorca. Buying a property has become extremely popular in the last years while property prices have remained stable. Mallorca properties are now more affordable than ever before, our company is offering a large number of bank repossessed property listings and luxury villas at discounted prices.

From the glamour of the Mallorcan lifestyle in the popular marina of Port Andratx to the more understated chic in the rustic, charming village of Pollensa. Mallorca is the perfect place to buy property in Spain with an incredible variety of landscapes.

Property choice in Mallorca ranges from traditional to luxury - with every other style in between. Don't miss your dream. Take a look now and contact our real estate consultants - Property Mallorca. Find your Majorcan Properties for sale. Newly built luxury finca of contemporary design in the countryside near Pollensa POL Search listing For sale anywhere. Check out our top locations Alcudia.

Do you want to sell your property? Our professional team will give you advice regarding the sale of your property. Selling your property. Letting your property. Property management. Holiday rental. Would you like to sell or let your property? Get in touch with us! About Porta Mallorquina. Franchise in Mallorca. Law and Taxes. We look forward to welcoming you! Porta Mallorquina. Buying property in Majorca — Tips for Buyers. Contents With the assistance of the authorities and solicitors we can, for instance, clarify the following points for our clients: Step by step to your own house Viewing Sales documentation Option contract Application for a NIE-number Powers of attorney Notary contract.

Our sales shop in Arta. Leave a Response Cancel Reply. Search Blog. Real Estate Properties for sale in Mallorca. Obtaining a copy of the nota simple and the cost to request one per via internet is at a rate of 9. Once you have agreed a price and all the remaining terms of the property purchase have been agreed with the vendors, the next step is to SECURE the property in order that not a third party can buy.

We call this the formalization of the agreement with a reservation contract that has to be signed by the buyer and the seller or their representatives. This number is unique and never changes, when more than one person is purchasing the property it is necessary that each person has a NIE number. It is a license to inhabit the property, registered for the purpose of local taxes and the connection of services. The lawyer, or the properties owner, or in the case of a mortgage the bank manager will hold the deed, but irrespective of who holds it someone has to collect the finished documents from the notary.

Thousands of deeds lie gathering dust in the notaries uncollected or unregistered because of some minor technicality. In the latter case the property will remain, unregistered until the problem has been rectified. The Spanish 10 year building insurance is provided by the builder of the property. A copy of this policy will be available which will state the insured value.

When the house is occupied, a top up building policy is all that is required by the new owner. The premium is based on the square meter age of the build.

There is nothing unusual about insurance polices in Spain. While the market leader may be a Spanish company, many British companies now operate in this international market place. The mortgage will be insured by the lender.

We use the information you provide to help us best process your enquiry, as explained in our Terms and Conditions and Privacy Policy.

527,000
* €/m2
273 m2 | 8 bedrooms | 5 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Exclusive villa with sea views in Puerto Andratx. Tips for property buyers. Buying a property in Spain is very different to buying a property anywhere else in Europe​. Area Guides. Spain · Balearic Islands · Menorca · Ibiza. We offer you a worry-free processing of the purchase or sale of your property.

While the market leader may be a Spanish company, many British companies now operate in this international market place. The mortgage will be insured by the lender. We use the information you provide to help us best process your enquiry, as explained in our Terms and Conditions and Privacy Policy. Subscribe today for a weekly newsletter with all the latest properties, special features and important Mallorca real estate news.

Important buying info Property taxes Buying property Finding a good lawyer. The Land Registry Once decided to buy property in Mallorca, the most important document is to register the title deed in the land registry. The simple land note value is purely informative Obtaining a copy of the nota simple and the cost to request one per via internet is at a rate of 9. Reservation Contract Once you have agreed a price and all the remaining terms of the property purchase have been agreed with the vendors, the next step is to SECURE the property in order that not a third party can buy.

The Title Deed of the property The title deed is the most important document, this is the title deeds to the property. Insurance The Spanish 10 year building insurance is provided by the builder of the property.

Any additional policy for contents insurance should be dealt with in the normal way. Important buying info. Finding a good lawyer.

Your first name. Your last name. Your email. The string of beaches, spoilt and unspoilt resorts and villages are the pearls in the coastal necklace and the focus for package holiday and residential tourism.

Inland is the haunt for the culture buffs, hikers and mountain bikers and for wealthy families from Germany, Britain and Scandinavia who enjoy a lotus eating life in the sun with their Mallorcan neighbours. That Palma Airport is one of the busiest in Spain and Europe means there are cheap, plentiful flight options for property buyers and the families to whom they rent out their apartments and villas. On offer for property buyers is a range of upmarket condos close to great beaches, sea view villas perched on inland bluffs or cliff tops and hinterland farms with lots of land, olive and fruit trees.

It was sold recently through Property in Spain. Estate agents are known as Immobiliarias in Spain and they are only lightly regulated by the government so make sure that the agent you work with displays knowledge of the market and works in a professional manner. Most are multi-lingual and they tend to be regionally based ie agents in the south west will only sell properties in the south west. Note also that a property may be offered by more than one agent and the asking price may vary — this can be a reflection of commission charges or simply that the vendor is trying his luck!

Property Searchers Property searchers will look at properties that are within your price range and match your requirements.

If you are a non-resident and purchasing property in Mallorca, you will need a NIE Personal Tax Identification Number although obtaining a NIE number, does not affect your tax status in the country of residence!

All generally easily available, subject to status at the time and all current legal requirements! Please note: all costs are determined at the time of purchase!! All subject to negotiation where possible and specific quotes at the time! Spanish Law states that unless stipulated in the Contract, taxes and fees are split between the buyer and the seller as follows:.

Firstly, the Intermediary costs when buying property in Spain:. Despite the ability of the internet to bring together buyers and sellers without the need for an agent, most people still like to use agents or a private Property Search Agent to find or rent property in Spain.

Generally, estate agency fees or commissions are paid by the seller, unless otherwise agreed. If the buyer appoints a personal Property Search Agent , then the search agents fees are paid by the buyer.

Normally such costs are more than offset by the personal service of the Property Search Agent, in terms of negotiating the best purchase deal, the potential access to off market properties, your own personal time and costs saved, plus generally improved legal fees!! Your Property Search Agent if appointed, should hopefully ensure all fees are kept to the most economic levels, including their own costs, whilst negotiating the best purchase price possible with you! You are strongly advised to engage a lawyer to help you during the buying process.

They should also carry out any necessary due diligence checking the ownership claim of the seller, charges on the property, permits, etc. A lawyer — Abogado in Spanish — will charge you according to the service you require. This will vary according to the complexity of the purchase. You should be aware, some lawyers may seek to charge 1. Your best option is to try and find a good lawyer who is prepared to charge on an hourly basis.

Seek quotes for legal fees based on your specific purchase, without any complications and charged on an hourly basis. These should normally be in the region of 1.

Notary expenses are nearly always paid by the buyer and are calculated in relation to the purchase price declared in the deeds of sale. In many cases however Notary fees are more like 0. Depending on the value of the property, the notary cost is bet ween 4. Expenses related to inscribing the sale with the land registry are also nearly always paid by the buyer, and are calculated in relation to the purchase price declared in the deeds of sale.

Depending on the value of the property, the Land Registry cost is between 1. You will need to open an account in a bank operating in Spain and transfer money there from the bank in your own country.

Please check all rates with your Bank prior to sending! A prospective purchaser should take into account that there will be regular expenses affecting the property itself.

These include:.

212,000
* €/m2
Buying Mallorca properties as key to your spanish property investment
196 m2 | 6 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Get your free guide to successfully buy property in Spain from the experts. Buying Mallorca properties as key to your spanish property investment. Balearic Properties Real Estate is a fantastic Network of Estate Agents with one target: Find. Exclusive villa with sea views in Puerto Andratx. Tips for property buyers. Buying a property in Spain is very different to buying a property anywhere else in Europe​.

Santa Catalina is very hip and bohemian, Portixol very sought-after, as is the old town. Affluent enclaves nearby include Puerto Andratx and the exclusive gated community of Son Vida nearby. Expect to pay find larger properties at larger prices at the residential estate of Son Vida , located on a hilltop five minutes from Palma with a golf course. Porto Colom and Porto Cristo are both traditional fishing villages with a natural harbour and are popular with British second home-owners for their lack of commercialization and karaoke bars.

The craggy and dramatic north coast of the island drops down from the Tramuntana mountain range that runs along its spine. Less accessible — via switchback roads around the peaks — the north is less developed and very exclusive in parts — most of it not covered by the big tour operators.

Nearby Fornalutx and Soller offer a bit more choice and affordability and are both charming villages tucked between the orange groves carpeting the hillsides. Further east is the British enclave of Pollensa — a lovely town at the edge of the mountains that is popular with cyclists training for the Tour de France, well-heeled tourists the Camerons holidayed there a couple of years ago and outdoorsy families. Properties in the town are in big demand for holiday rentals, according to HomeAway.

Outside Palma there are lots of popular picture-postcard villages with home owners attracted to the interior for its greater authenticity than the coastal resorts.

The centre of the island is an easy half hour into Palma, or the airport, less to the beach. More Details. The immense majority of property sales go through Balearic Properties who knows the market perfectly.

Remember, the more information you can give to us about your property requirements the better we will assist you. Foreigners who want to buy property in Mallorca are rarely familiar with Spanish law.

Thus they can easily commit formal mistakes when they operate on their own. Even if you should have a good case after Spanish law, a process can become costly and it can take a long time to settle. Very few foreigners will have an assumption to consider risks and potential problems in connection with property purchase in Spain.

Buying property in Spain will probably be quite different from your experience of buying property in your own country. For most people, buying property is one of the most important investments ever. Using a lawyer will then be a kind of insurance that nothing goes wrong. That all the taxes and fees are paid for.

If not, can you as a new owner be held responsible for sellers unpaid bills. That all licenses are in accordance with regulations. That method of settlement is in accordance with normal practice.

275,000
* €/m2
144 m2 | 7 bedrooms | 8 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Find your dream property for sale in Majorca, on Kyero. With more than Spanish homes for sale and rent from the leading real estate agents in Spain. Area Guides. Spain · Balearic Islands · Menorca · Ibiza. Investa Real Estate, Mallorca Logo Cala d`Or, Mallorca, Balearic Islands Balearic Islands, Mallorca, Palma de Mallorca Palma Nova, Mallorca, Spain.

See our favourite top ten properties for sale featured in our newsletter. People looking to buy property in Mallorca have now a better chance to find deals at the right price, this means that luxury villas with private swimming pools and sea views in Port Andratx, Puerto Pollensa or Palma de Mallorca have been reduced considerably so the best time is really now when the property prices are low. We have more than 15 years of experience in the property market in Mallorca, we cover the whole island and look forward to helping you find your perfect villa or apartment for sale in the Balearic Islands.

Balearic Properties offers a great selection of luxury properties for sale in the most beautiful regions on the island of Mallorca and other property listings by the most selected real estate agency with house prices currently lower than they have been for many years and properties for sale marketed in Euros.

Find here a luxury villa for sale or an apartment in the most desired areas of Palma de Mallorca. Buying a property has become extremely popular in the last years while property prices have remained stable. Mallorca properties are now more affordable than ever before, our company is offering a large number of bank repossessed property listings and luxury villas at discounted prices.

From the glamour of the Mallorcan lifestyle in the popular marina of Port Andratx to the more understated chic in the rustic, charming village of Pollensa. Mallorca is the perfect place to buy property in Spain with an incredible variety of landscapes. Property choice in Mallorca ranges from traditional to luxury - with every other style in between. Don't miss your dream.

Take a look now and contact our real estate consultants - Property Mallorca. Find your Majorcan Properties for sale. Newly built luxury finca of contemporary design in the countryside near Pollensa POL Search listing For sale anywhere. Check out our top locations Alcudia. Do you want to sell your property? Our professional team will give you advice regarding the sale of your property. Social media love. Subscribe to the newsletter and secure the best properties! Search apartments Are you looking for a home?

The premium is based on the square meter age of the build. There is nothing unusual about insurance polices in Spain. While the market leader may be a Spanish company, many British companies now operate in this international market place. The mortgage will be insured by the lender. We use the information you provide to help us best process your enquiry, as explained in our Terms and Conditions and Privacy Policy.

Subscribe today for a weekly newsletter with all the latest properties, special features and important Mallorca real estate news. Important buying info Property taxes Buying property Finding a good lawyer.

The Land Registry Once decided to buy property in Mallorca, the most important document is to register the title deed in the land registry. The simple land note value is purely informative Obtaining a copy of the nota simple and the cost to request one per via internet is at a rate of 9. Reservation Contract Once you have agreed a price and all the remaining terms of the property purchase have been agreed with the vendors, the next step is to SECURE the property in order that not a third party can buy.

The Title Deed of the property The title deed is the most important document, this is the title deeds to the property. Insurance The Spanish 10 year building insurance is provided by the builder of the property.

Any additional policy for contents insurance should be dealt with in the normal way. Important buying info. Finding a good lawyer. Your first name. Your last name. Your email. A contact number. Your comments. Quiet location plot for sale in Valldemossa with mountain view and sea views. Quiet location apartment for sale in Palma de Mallorca with roof terrace. Close to all amenities apartment for sale in Puerto de Alcudia with good rental potential and tennis court. Full of character house for sale in Campanet with garden and pool view and mountain view.

885,000
* €/m2
111 m2 | 4 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Area Guides. Spain · Balearic Islands · Menorca · Ibiza. We offer you a worry-free processing of the purchase or sale of your property. Discover the sunny coastlines of Mallorca and find out why it's enjoying a high-​end tourism boom - p1: The market is stable but changing.

In the latter case the property will remain, unregistered until the problem has been rectified. The Spanish 10 year building insurance is provided by the builder of the property.

A copy of this policy will be available which will state the insured value. When the house is occupied, a top up building policy is all that is required by the new owner. The premium is based on the square meter age of the build. There is nothing unusual about insurance polices in Spain. While the market leader may be a Spanish company, many British companies now operate in this international market place.

The mortgage will be insured by the lender. We use the information you provide to help us best process your enquiry, as explained in our Terms and Conditions and Privacy Policy. Subscribe today for a weekly newsletter with all the latest properties, special features and important Mallorca real estate news.

Important buying info Property taxes Buying property Finding a good lawyer. The Land Registry Once decided to buy property in Mallorca, the most important document is to register the title deed in the land registry.

The simple land note value is purely informative Obtaining a copy of the nota simple and the cost to request one per via internet is at a rate of 9. Reservation Contract Once you have agreed a price and all the remaining terms of the property purchase have been agreed with the vendors, the next step is to SECURE the property in order that not a third party can buy.

The Title Deed of the property The title deed is the most important document, this is the title deeds to the property. Insurance The Spanish 10 year building insurance is provided by the builder of the property. Any additional policy for contents insurance should be dealt with in the normal way. Important buying info.

Finding a good lawyer. Your first name. Your last name. Your email. A contact number. Your comments. The Notary A public official known as a 'Notario'. They are highly qualified in the Spanish legal system and have been given powers by the State to legalise property purchase transactions that cannot be enforced by any other means. The notary is responsible for the legality of all documents that are signed before them in their personal capacity, which provides a guarantee for the client.

Beware of lawyers recommended by the estate agent as there may be a conflict of interests should a dispute arise between yourself and the agent. Ensure that your lawyer is registered with Bar Association Colegio de Abogados.

Your lawyer can apply for one on your behalf or you can contact the Spanish authorities yourself — the process can take anything from two to six weeks. Your lawyer will help you with the contracts, payments, look out for all your interests and register your property for you at the Land Registry.

Lawyers typically charge 1. It is advisable to explore your mortgage options before you start your property search. This way, you will be under no time pressure to find the best mortgage for your circumstances and this will save you money in the long run.

Buying Property in Mallorca Discover the Mallorca property buying process. Highlights Start buying property. Property Taxes Guide Details. Property Renovation Guide Details.

654,000
* €/m2
255 m2 | 8 bedrooms | 7 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Area Guides. Spain · Balearic Islands · Menorca · Ibiza. The actual cost of buying a property in Mallorca Spain needs careful consideration, which if given the right advice and guidance can be made much more. Investa Real Estate, Mallorca Logo Cala d`Or, Mallorca, Balearic Islands Balearic Islands, Mallorca, Palma de Mallorca Palma Nova, Mallorca, Spain.

The simple land note is a brief excerpt of the content of the entries relating to the property, stating the identity of the property, the identity of the holder or holders of registered rights over it, and the extent, nature and their limitations. It also contains prohibitions or restrictions affecting the rights holders or registered. The simple land note value is purely informative. Obtaining a copy of the nota simple and the cost to request one per via internet is at a rate of 9.

Once you have agreed a price and all the remaining terms of the property purchase have been agreed with the vendors, the next step is to SECURE the property in order that not a third party can buy. We call this the formalization of the agreement with a reservation contract that has to be signed by the buyer and the seller or their representatives. This number is unique and never changes, when more than one person is purchasing the property it is necessary that each person has a NIE number.

It is a license to inhabit the property, registered for the purpose of local taxes and the connection of services. The lawyer, or the properties owner, or in the case of a mortgage the bank manager will hold the deed, but irrespective of who holds it someone has to collect the finished documents from the notary. Thousands of deeds lie gathering dust in the notaries uncollected or unregistered because of some minor technicality.

In the latter case the property will remain, unregistered until the problem has been rectified. The Spanish 10 year building insurance is provided by the builder of the property. A copy of this policy will be available which will state the insured value. When the house is occupied, a top up building policy is all that is required by the new owner.

The premium is based on the square meter age of the build. There is nothing unusual about insurance polices in Spain. While the market leader may be a Spanish company, many British companies now operate in this international market place. The mortgage will be insured by the lender. We use the information you provide to help us best process your enquiry, as explained in our Terms and Conditions and Privacy Policy.

Subscribe today for a weekly newsletter with all the latest properties, special features and important Mallorca real estate news. Important buying info Property taxes Buying property Finding a good lawyer. The Land Registry Once decided to buy property in Mallorca, the most important document is to register the title deed in the land registry.

The simple land note value is purely informative Obtaining a copy of the nota simple and the cost to request one per via internet is at a rate of 9. Reservation Contract Once you have agreed a price and all the remaining terms of the property purchase have been agreed with the vendors, the next step is to SECURE the property in order that not a third party can buy. Additionally, Club de Vela caters to yachts up to 60 metres while Port de Mallorca can berth yachts up to 50 metres.

If you buy a house on the south west coast you are more likely to go to restaurants, shops, beach clubs and bars in the evening. Within his s-built Port Andratx villa, Wellesley renovated the entire plot to his personal vision. New stone floors sprawl throughout the property while vast, open plan spaces unfurl from gargantuan corridors. The interior is impressive — most of the bedrooms could be carved into two, while the option of sleeping at the top of a dizzying turret means guests can rise to some of the best views in Mallorca.

The many layers of outdoor spaces offer a sun terrace with large fabric blinds, a Jacuzzi, a boathouse and a funicular to carry unsteady or weary feet down to the sea for a dip. After 11 years of ownership and a myriad of building projects, family boat trips and gatherings, the Wellesley home in Port Andratx is for sale with Mallorca SIR. However, tucked in between the ancient stone walls of the city are a growing number of contemporary establishments with a keen focus on luxury and perserving the sophisticated side of Mallorca.

Port Andratx specifically, holds a unique draw for those seeking privacy, luxury and a precise level of service and amenities. Still a working fishing harbour, it has retained its Mediterranean charisma. Ada Yacht Works Loading Devonport Loading Mylius Yachts Loading Amels Loading Azimut Loading Shop Shop Home Magazine Insight. Subscribe Magazine Subscriptions U. Edition Subscriptions Free trial Newsletters. Click below to login to access your magazine subscriptions, digital edition subscriptions and BOAT Pro subscription.

Property Back 5 things to know about buying property in Mallorca. Easy to get to, notoriously safe, culturally vibrant and enjoying a high-end tourism boom, Elizabeth Finney discovers what you should know about buying property in Mallorca. The market is stable but changing. Related Articles. Villa with a view: Villa Puddinga for sale on Portofino's seafront.

For charter. Read More.

971,000
* €/m2
251 m2 | 6 bedrooms | 10 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
With Spain's Royals, Hollywood and Rock stars summering on the Majorca, it's an island that has something for everyone. On offer for property. The actual cost of buying a property in Mallorca Spain needs careful consideration, which if given the right advice and guidance can be made much more. Apartments in Palma starting at Eur. / Buildings to refurbish / Penthouses.

Whether you want a lively nightlife, family-friendly beach resorts, a glitzy place to moor your yacht or a stunning mountain range for biking or hiking you can have it, mostly all within a minute drive. With a tourism industry that is over years old, Mallorca offers dozens of marinas, five-star hotels, golf courses, sports centres Rafa Nadal is opening one in the near his home town on the east coast and beach clubs. It might not be as fashionable as Ibiza but its infrastructure is far more developed and the island is served by a far greater number of flights.

Unlike both Ibiza and Menorca it is a popular year-round destination with a good choice of winter flights — and this is especially true around Palma in the south-west, which offers an array of international schools for the cosmopolitan expat population.

Property hunters from around the world have driven up prices and saw the first increases at the high end since the property crash.

Prices are generally higher than on the mainland — but here is a quick guide. The principal and only city of Palma has evolved in recent years into a fashionable city — a mini Barcelona - with new boutique hotels, a new superyacht marina and lively regenerated neighbourhoods of beautiful period apartments.

Santa Catalina is very hip and bohemian, Portixol very sought-after, as is the old town. Affluent enclaves nearby include Puerto Andratx and the exclusive gated community of Son Vida nearby. Expect to pay find larger properties at larger prices at the residential estate of Son Vida , located on a hilltop five minutes from Palma with a golf course.

Porto Colom and Porto Cristo are both traditional fishing villages with a natural harbour and are popular with British second home-owners for their lack of commercialization and karaoke bars. The craggy and dramatic north coast of the island drops down from the Tramuntana mountain range that runs along its spine.

Very few foreigners will have an assumption to consider risks and potential problems in connection with property purchase in Spain. Buying property in Spain will probably be quite different from your experience of buying property in your own country.

For most people, buying property is one of the most important investments ever. Using a lawyer will then be a kind of insurance that nothing goes wrong. That all the taxes and fees are paid for. If not, can you as a new owner be held responsible for sellers unpaid bills. That all licenses are in accordance with regulations.

That method of settlement is in accordance with normal practice. A lawyer will be sceptical towards everything that has not been documented and not least know how information on the property can be controlled. So my advise is to use a local lawyer, ie a lawyer who is familiar with Spanish rules for property sales and who has knowledge of local conditions.

We recommend not to enter into contract unless you are certain that you can pay the whole amount in accordance with the contract. This does not just mean that you have to be absolutely certain that you can pay the whole purchase price including expenses , but also that you are certain that you can pay within the time limit that has been agreed.

Please talk to our property agents to get more information about the finance posibilities and mortages in Mallorca, with the low interest rates at the moment, it is allways worth to have a look.

211,000
* €/m2
Choosing the Property Type is not allways easy as it seems
104 m2 | 3 bedrooms | 10 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Once I had a customer and I aked him why did you decide to buy property in Mallorca instead of Marbella or other areas in Spain? He said, because my lawyer. Area Guides. Spain · Balearic Islands · Menorca · Ibiza. The actual cost of buying a property in Mallorca Spain needs careful consideration, which if given the right advice and guidance can be made much more.

Depending on the type of property it is advisable to contact further experts such as architects, tax consultants or a lawyer. Porta Mallorquina Real Estate has cooperated for years with reliable partners and we will be glad to recommend these to you. Private contract between buyer and owner with option-to-buy payment. With this the owner is bound to the sale and can only withdraw upon payment of a penalty. Should the buyer withdraw he loses his option payment. Some lawyers also offer to carry out the application.

At the notary appointment personal appearance of both parties is obligatory. If you prefer to be represented by a third party, it is important to note that in Spain a general authorisation is not accepted and must describe exactly for what purposes the power of attorney is valid. A foreign authorisation must have an apostille and some notaries also require a sworn translation. For a legally valid sale a notarial certificate is required, and upon issue of this the buyer receives the property and the seller the amount of the purchase price.

Important: The indispensable entry in the land register must be carried out separately. The Porta Mallorquina Real Estate Team is at your disposal if you have any further questions about the purchase of property in Majorca. More information about Majorca and about properties in Majorca is available in our blog at Blog Porta Mallorquina.

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Make your holiday property earn money for you! Holiday rental of your property in Mallorca with Porta Holiday. Porta Mallorquina - 9 offices in Mallorca; over 2, properties throughout the island. Selling your property. Letting your property. Property management. Holiday rental. Would you like to sell or let your property? A copy of this policy will be available which will state the insured value.

When the house is occupied, a top up building policy is all that is required by the new owner. The premium is based on the square meter age of the build. There is nothing unusual about insurance polices in Spain. While the market leader may be a Spanish company, many British companies now operate in this international market place.

The mortgage will be insured by the lender. We use the information you provide to help us best process your enquiry, as explained in our Terms and Conditions and Privacy Policy. Subscribe today for a weekly newsletter with all the latest properties, special features and important Mallorca real estate news.

Important buying info Property taxes Buying property Finding a good lawyer. The Land Registry Once decided to buy property in Mallorca, the most important document is to register the title deed in the land registry.

The simple land note value is purely informative Obtaining a copy of the nota simple and the cost to request one per via internet is at a rate of 9. Reservation Contract Once you have agreed a price and all the remaining terms of the property purchase have been agreed with the vendors, the next step is to SECURE the property in order that not a third party can buy.

The Title Deed of the property The title deed is the most important document, this is the title deeds to the property. Insurance The Spanish 10 year building insurance is provided by the builder of the property. Any additional policy for contents insurance should be dealt with in the normal way.

Important buying info. Finding a good lawyer. Your first name. Your last name. Your email. A contact number. Your comments. Quiet location plot for sale in Valldemossa with mountain view and sea views. Quiet location apartment for sale in Palma de Mallorca with roof terrace.

950,000
* €/m2
200 m2 | 7 bedrooms | 4 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Discover the sunny coastlines of Mallorca and find out why it's enjoying a high-​end tourism boom - p1: The market is stable but changing. Area Guides. Spain · Balearic Islands · Menorca · Ibiza. Once I had a customer and I aked him why did you decide to buy property in Mallorca instead of Marbella or other areas in Spain? He said, because my lawyer.

Contemporary interiors with modern amenities balance out a Mediterranean, stone-clad exterior, while a 25 metre berth lies at the end of the staircase-like gardens.

Characterful and spacious with six en suite bedrooms to accommodate guests, this incredible waterfront property is not to be missed. Current owner Graham Wellesley says he bought the property having only seen a picture of it. I said we have to take advantage of this opportunity now.

So I started the purchasing process before I even came back to Europe. While the properties available in Mallorca are extremely varied, surprisingly few have immediate access to the water.

Wellesley, who has recently placed his unique estate on the market and has been holidaying in Mallorca for more than 35 years, explains the importance of knowing what you want from a holiday home.

For those chartering in Mallorca, the restrictions are milder than in the rest of Spain. Additionally, as of January 1, , the Balearic Government Licence required for charters will be valid for two years instead of just one. This, in addition to the flourishing Copa del Rey regatta that was sponsored this year by Mallorca SIR and grows in popularity each year, makes Mallorca an enticing spot for yachting.

Aside from the stunning anchorages scattered around the Balearics, Mallorca is home to a number of marinas with superyacht facilities, including the Stark Marina at Port Adriano, which can host yachts up to metres and was designed by Phillipe himself.

Additionally, Club de Vela caters to yachts up to 60 metres while Port de Mallorca can berth yachts up to 50 metres. If you buy a house on the south west coast you are more likely to go to restaurants, shops, beach clubs and bars in the evening.

Within his s-built Port Andratx villa, Wellesley renovated the entire plot to his personal vision. New stone floors sprawl throughout the property while vast, open plan spaces unfurl from gargantuan corridors. The interior is impressive — most of the bedrooms could be carved into two, while the option of sleeping at the top of a dizzying turret means guests can rise to some of the best views in Mallorca. The many layers of outdoor spaces offer a sun terrace with large fabric blinds, a Jacuzzi, a boathouse and a funicular to carry unsteady or weary feet down to the sea for a dip.

After 11 years of ownership and a myriad of building projects, family boat trips and gatherings, the Wellesley home in Port Andratx is for sale with Mallorca SIR. However, tucked in between the ancient stone walls of the city are a growing number of contemporary establishments with a keen focus on luxury and perserving the sophisticated side of Mallorca.

Port Andratx specifically, holds a unique draw for those seeking privacy, luxury and a precise level of service and amenities. Still a working fishing harbour, it has retained its Mediterranean charisma.

Ada Yacht Works Loading Devonport Loading Mylius Yachts Loading Amels Loading Azimut Loading Thus they can easily commit formal mistakes when they operate on their own. Even if you should have a good case after Spanish law, a process can become costly and it can take a long time to settle. Very few foreigners will have an assumption to consider risks and potential problems in connection with property purchase in Spain.

Buying property in Spain will probably be quite different from your experience of buying property in your own country. For most people, buying property is one of the most important investments ever.

Using a lawyer will then be a kind of insurance that nothing goes wrong. That all the taxes and fees are paid for. If not, can you as a new owner be held responsible for sellers unpaid bills. That all licenses are in accordance with regulations.

That method of settlement is in accordance with normal practice. A lawyer will be sceptical towards everything that has not been documented and not least know how information on the property can be controlled. So my advise is to use a local lawyer, ie a lawyer who is familiar with Spanish rules for property sales and who has knowledge of local conditions. We recommend not to enter into contract unless you are certain that you can pay the whole amount in accordance with the contract.

242,000
* €/m2
103 m2 | 6 bedrooms | 10 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Balearic Properties is Majorca's No.1 property site for real estate.✅ Find luxury Apartments, houses and villas for sale and rent as well as Mallorca property. Area Guides. Spain · Balearic Islands · Menorca · Ibiza. Exclusive villa with sea views in Puerto Andratx. Tips for property buyers. Buying a property in Spain is very different to buying a property anywhere else in Europe​.

Porto Colom and Porto Cristo are both traditional fishing villages with a natural harbour and are popular with British second home-owners for their lack of commercialization and karaoke bars.

The craggy and dramatic north coast of the island drops down from the Tramuntana mountain range that runs along its spine. Less accessible — via switchback roads around the peaks — the north is less developed and very exclusive in parts — most of it not covered by the big tour operators.

Nearby Fornalutx and Soller offer a bit more choice and affordability and are both charming villages tucked between the orange groves carpeting the hillsides. Further east is the British enclave of Pollensa — a lovely town at the edge of the mountains that is popular with cyclists training for the Tour de France, well-heeled tourists the Camerons holidayed there a couple of years ago and outdoorsy families.

Properties in the town are in big demand for holiday rentals, according to HomeAway. Outside Palma there are lots of popular picture-postcard villages with home owners attracted to the interior for its greater authenticity than the coastal resorts. The centre of the island is an easy half hour into Palma, or the airport, less to the beach. More Details. North Mallorca The craggy and dramatic north coast of the island drops down from the Tramuntana mountain range that runs along its spine.

Why we love Olvera - Three buyers share their stories Find out why three buyers chose to buy properties in Olvera 23 April But if you want to make the move, make the move. The string of beaches, spoilt and unspoilt resorts and villages are the pearls in the coastal necklace and the focus for package holiday and residential tourism. Inland is the haunt for the culture buffs, hikers and mountain bikers and for wealthy families from Germany, Britain and Scandinavia who enjoy a lotus eating life in the sun with their Mallorcan neighbours.

That Palma Airport is one of the busiest in Spain and Europe means there are cheap, plentiful flight options for property buyers and the families to whom they rent out their apartments and villas. On offer for property buyers is a range of upmarket condos close to great beaches, sea view villas perched on inland bluffs or cliff tops and hinterland farms with lots of land, olive and fruit trees.

It was sold recently through Property in Spain. Estate agents are known as Immobiliarias in Spain and they are only lightly regulated by the government so make sure that the agent you work with displays knowledge of the market and works in a professional manner. Most are multi-lingual and they tend to be regionally based ie agents in the south west will only sell properties in the south west.

Note also that a property may be offered by more than one agent and the asking price may vary — this can be a reflection of commission charges or simply that the vendor is trying his luck! Property Searchers Property searchers will look at properties that are within your price range and match your requirements.

Most will offer a personal service, taking you to view the properties they have short-listed. The Notary A public official known as a 'Notario'. They are highly qualified in the Spanish legal system and have been given powers by the State to legalise property purchase transactions that cannot be enforced by any other means.

The notary is responsible for the legality of all documents that are signed before them in their personal capacity, which provides a guarantee for the client. Beware of lawyers recommended by the estate agent as there may be a conflict of interests should a dispute arise between yourself and the agent.

110,000
* €/m2
216 m2 | 9 bedrooms | 9 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
With Spain's Royals, Hollywood and Rock stars summering on the Majorca, it's an island that has something for everyone. On offer for property. Get your free guide to successfully buy property in Spain from the experts. Area Guides. Spain · Balearic Islands · Menorca · Ibiza.

Prices are generally higher than on the mainland — but here is a quick guide. The principal and only city of Palma has evolved in recent years into a fashionable city — a mini Barcelona - with new boutique hotels, a new superyacht marina and lively regenerated neighbourhoods of beautiful period apartments. Santa Catalina is very hip and bohemian, Portixol very sought-after, as is the old town.

Affluent enclaves nearby include Puerto Andratx and the exclusive gated community of Son Vida nearby. Expect to pay find larger properties at larger prices at the residential estate of Son Vida , located on a hilltop five minutes from Palma with a golf course.

Porto Colom and Porto Cristo are both traditional fishing villages with a natural harbour and are popular with British second home-owners for their lack of commercialization and karaoke bars. The craggy and dramatic north coast of the island drops down from the Tramuntana mountain range that runs along its spine.

Less accessible — via switchback roads around the peaks — the north is less developed and very exclusive in parts — most of it not covered by the big tour operators. Foreigners who want to buy property in Mallorca are rarely familiar with Spanish law.

Thus they can easily commit formal mistakes when they operate on their own. Even if you should have a good case after Spanish law, a process can become costly and it can take a long time to settle. Very few foreigners will have an assumption to consider risks and potential problems in connection with property purchase in Spain.

Buying property in Spain will probably be quite different from your experience of buying property in your own country. For most people, buying property is one of the most important investments ever. Using a lawyer will then be a kind of insurance that nothing goes wrong. That all the taxes and fees are paid for. They are highly qualified in the Spanish legal system and have been given powers by the State to legalise property purchase transactions that cannot be enforced by any other means.

The notary is responsible for the legality of all documents that are signed before them in their personal capacity, which provides a guarantee for the client. Beware of lawyers recommended by the estate agent as there may be a conflict of interests should a dispute arise between yourself and the agent. Ensure that your lawyer is registered with Bar Association Colegio de Abogados. Your lawyer can apply for one on your behalf or you can contact the Spanish authorities yourself — the process can take anything from two to six weeks.

Your lawyer will help you with the contracts, payments, look out for all your interests and register your property for you at the Land Registry. Lawyers typically charge 1. It is advisable to explore your mortgage options before you start your property search. This way, you will be under no time pressure to find the best mortgage for your circumstances and this will save you money in the long run.

539,000
* €/m2
Discover the Mallorca property buying process
113 m2 | 3 bedrooms | 6 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Investa Real Estate, Mallorca Logo Cala d`Or, Mallorca, Balearic Islands Balearic Islands, Mallorca, Palma de Mallorca Palma Nova, Mallorca, Spain. Area Guides. Spain · Balearic Islands · Menorca · Ibiza. The actual cost of buying a property in Mallorca Spain needs careful consideration, which if given the right advice and guidance can be made much more.

The interior is impressive — most of the bedrooms could be carved into two, while the option of sleeping at the top of a dizzying turret means guests can rise to some of the best views in Mallorca. The many layers of outdoor spaces offer a sun terrace with large fabric blinds, a Jacuzzi, a boathouse and a funicular to carry unsteady or weary feet down to the sea for a dip. After 11 years of ownership and a myriad of building projects, family boat trips and gatherings, the Wellesley home in Port Andratx is for sale with Mallorca SIR.

However, tucked in between the ancient stone walls of the city are a growing number of contemporary establishments with a keen focus on luxury and perserving the sophisticated side of Mallorca.

Port Andratx specifically, holds a unique draw for those seeking privacy, luxury and a precise level of service and amenities.

Still a working fishing harbour, it has retained its Mediterranean charisma. Ada Yacht Works Loading Devonport Loading Mylius Yachts Loading Amels Loading Azimut Loading Shop Shop Home Magazine Insight. Subscribe Magazine Subscriptions U. Edition Subscriptions Free trial Newsletters. Click below to login to access your magazine subscriptions, digital edition subscriptions and BOAT Pro subscription.

Property Back 5 things to know about buying property in Mallorca. Easy to get to, notoriously safe, culturally vibrant and enjoying a high-end tourism boom, Elizabeth Finney discovers what you should know about buying property in Mallorca.

Using a lawyer will then be a kind of insurance that nothing goes wrong. That all the taxes and fees are paid for. If not, can you as a new owner be held responsible for sellers unpaid bills. That all licenses are in accordance with regulations. That method of settlement is in accordance with normal practice.

A lawyer will be sceptical towards everything that has not been documented and not least know how information on the property can be controlled. So my advise is to use a local lawyer, ie a lawyer who is familiar with Spanish rules for property sales and who has knowledge of local conditions. We recommend not to enter into contract unless you are certain that you can pay the whole amount in accordance with the contract. Check out our latest news. Are you looking for a home? In our large apartment offer you will find a lot of properties for sale in Mallorca: We have the right apartment for you to buy in Mallorca.

Balearic Properties offers the widest selection of properties in Mallorca as well as houses, apartments and villas. Visit a trusted agent?

Are over 16 years resident on the island, Balearic Properties is your perfect property specialist! Houses, townhouses or the perfect luxury villa?

For your real estate search our real estate experts offer a wide range of property types for sale or rent: Contact us today! Looking for a property? Also build a property in Mallorca does not have to be complicated. Let yourself discuss the advantages to build a house. With our many years of experience as only the best companies are serving in Mallorca.

Balearic Properties is the largest Real Estate Property Network based on the Balearic Islands, with over 19 years of experience in the Mallorca property market. The company offers you the latest properties for sale including frontline villas, beautiful apartments, luxury country homes and investment properties.

630,000
* €/m2
108 m2 | 9 bedrooms | 7 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
Apartments in Palma starting at Eur. / Buildings to refurbish / Penthouses. The actual cost of buying a property in Mallorca Spain needs careful consideration, which if given the right advice and guidance can be made much more. Exclusive villa with sea views in Puerto Andratx. Tips for property buyers. Buying a property in Spain is very different to buying a property anywhere else in Europe​.

It might not be as fashionable as Ibiza but its infrastructure is far more developed and the island is served by a far greater number of flights. Unlike both Ibiza and Menorca it is a popular year-round destination with a good choice of winter flights — and this is especially true around Palma in the south-west, which offers an array of international schools for the cosmopolitan expat population.

Property hunters from around the world have driven up prices and saw the first increases at the high end since the property crash. Prices are generally higher than on the mainland — but here is a quick guide. The principal and only city of Palma has evolved in recent years into a fashionable city — a mini Barcelona - with new boutique hotels, a new superyacht marina and lively regenerated neighbourhoods of beautiful period apartments.

Santa Catalina is very hip and bohemian, Portixol very sought-after, as is the old town. Affluent enclaves nearby include Puerto Andratx and the exclusive gated community of Son Vida nearby. Expect to pay find larger properties at larger prices at the residential estate of Son Vida , located on a hilltop five minutes from Palma with a golf course. Porto Colom and Porto Cristo are both traditional fishing villages with a natural harbour and are popular with British second home-owners for their lack of commercialization and karaoke bars.

The craggy and dramatic north coast of the island drops down from the Tramuntana mountain range that runs along its spine. Less accessible — via switchback roads around the peaks — the north is less developed and very exclusive in parts — most of it not covered by the big tour operators.

Nearby Fornalutx and Soller offer a bit more choice and affordability and are both charming villages tucked between the orange groves carpeting the hillsides.

Since the crisis , most of the investors decide to buy property in Mallorca for the simply reason that Mallorca attract more international visitors that any other destination in Spain, with the extra that Mallorca offers a lot more security that other areas in Spain like coastal areas of Costa del Sol, Costa Blanca, etc.

Once I had a customer and I aked him why did you decide to buy property in Mallorca instead of Marbella or other areas in Spain? He said, because my lawyer told me that Mallorca is the most safest place in Europe.

Here are a few guidelines to follow in the legal process of buying, any lawyer in Mallorca will explain you the same guidance:. This can be done through the estate agent we are expert negotiators particularly in the current time , no needed to be a form letter of intent or similar unless this is requested by the agent. Once decided to buy property in Mallorca, the most important document is to register the title deed in the land registry.

This document closes the buying cycle and you become the official new owner of the property. You also can easily request information from the land registry of the current owner to find out any charges or encumbrances on the properties that will need to be canceled before you buy officially the property on your name.

The simple land note is a brief excerpt of the content of the entries relating to the property, stating the identity of the property, the identity of the holder or holders of registered rights over it, and the extent, nature and their limitations.

It also contains prohibitions or restrictions affecting the rights holders or registered. The simple land note value is purely informative. Obtaining a copy of the nota simple and the cost to request one per via internet is at a rate of 9. Once you have agreed a price and all the remaining terms of the property purchase have been agreed with the vendors, the next step is to SECURE the property in order that not a third party can buy.

We call this the formalization of the agreement with a reservation contract that has to be signed by the buyer and the seller or their representatives. This number is unique and never changes, when more than one person is purchasing the property it is necessary that each person has a NIE number.

It is a license to inhabit the property, registered for the purpose of local taxes and the connection of services. The lawyer, or the properties owner, or in the case of a mortgage the bank manager will hold the deed, but irrespective of who holds it someone has to collect the finished documents from the notary. Thousands of deeds lie gathering dust in the notaries uncollected or unregistered because of some minor technicality.

In the latter case the property will remain, unregistered until the problem has been rectified. The Spanish 10 year building insurance is provided by the builder of the property. A copy of this policy will be available which will state the insured value. When the house is occupied, a top up building policy is all that is required by the new owner. The premium is based on the square meter age of the build. There is nothing unusual about insurance polices in Spain.

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Statistics and prices of properties with pool in Spain

Prices are going up in this area.

Average price in this area: 1,636 €/m2

The cheapest property in this area: Rent to own detached house in Alcobendas, 0

The most expensive property in this area: Hotel for sale in Nueva Andalucía, Marbella, 65,000,000 €

Cheapest areas: Aragon, Castile and Leon, Estremadura

Most expensive areas: Melilla, Balearic Islands, Andalusia

Prices are going down in the areas: Madrid, Andalusia, Canary Islands.

More statistics and trends...