Mallorca Property Buyers guide

Contracts

When you are looking to reserve and place an offer on a specific mallorca property please note that a one percent deposit is required. This will allow the legal representative to begin negotiating the contract. This particular contract will outline what the purchase details are, what specifically is being purchased at what price, and the responsible party for all costs. If the buyer is looking to fully close the deal, they can do so by submitting a full deposit of ten percent to remove the property from sale.

The contract that you enter into will legally tie and bind both parties. If either party decides to back out of the deal, the purchaser will forfeit the deposit or the seller will need to pay back 2x the deposit.

The finalized contract will be completed by a public notary to verify the legality of the sale. An “escritura” then inscribes the property details.


Legal Work

When closing the lawyer will assign an identification number which is required for large purchases and taxes. He will then receive a copy of the “nota simpla” from the land registry office in order to provide proof of ownership and the property area. Any liens or payments will then be checked and verified. In addition, any future developments in the area will be checked and verified to ensure the property will not be adversely effected.

Taxes

The general rule to follow in terms of expenses is to allocate an additional ten percent of the finalized property price so that any lawyer expenses and taxes be covered.

The “tax for property transfers” in the Mallorca region is seven percent of the finalized price. An additional half a percent is added if you purchase the property from a developer. For commercial land or building purchases the rate is fifteen percent. The last segment is a tax on the increased property value from the last time of sale.

Additionally, the “notario” will charge about two percent for registration fee’s and the lawyer is going to charge an additional one percent. Charges could also come from your bank if applying for a mortgage.


Ongoing Fees, Annual Taxes & Utilities

When you own a property in Spain you are held accountable for “real estate taxes” which is calculated relative to the value of the property. Spain might also impose a wealth tax on your assets as well.

Should you decide to purchase property that resides in an apartment complex, there will be maintenance fee’s assessed each month as well. These help with the upkeep of the properties amenities.

The information provided is intended strictly as a guideline and may be subject to change. It is recommended that proper legal advice be sought.

Our multi-lingual staff welcome visitors from all over the world in your own language wherever we can - we speak English, Spanish, German, Dutch, Russian, French, & even Filipino!

Visit our website for Majorca Property & Mallorca Villas for sale   -- homefindermallorca.com

What you should know about local taxes after buying a house in Mallorca.

First you must know that every year you have to pay property tax and make the payment of all other rates that you have. For all these taxes there is one more added tax: wealth tax, but do not worry, these taxes are much lower if we make a comparison between Spain and other European countries. Also, you need to know if you have an apartment that is placed in a residential complex that you will have fees for maintenance of common areas (streets, gardens and swimming pools). This maintenance includes cleaning and lighting of these areas.

You should also note that electricity and gas bills are much lower than in other European countries. Another advantage is that all areas will have Internet access and telephony latest technologies. All this stuff is informative and we recommend you to take consulting services of specialized companies. One of these is "Home Finder Mallorca”- perhaps the best known in Spain thanks to years of experience and highly qualified staff. If you call this company you can benefit of consulting in numerous foreign languages ​​such as English, German, French, and in languages ​​ less accessible such as Russian and Filipino!

Assistance in Buying Dream Homes

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Home Finder Mallorca is a registered agent in Spain which offers assistants in finding and purchasing the Mallorca property of your dreams. With over 25 years of experience aiding others in buying, Mallorca properties now have the chance to not only assist in the buying process of other homes, but also, we now offer our own properties for sale. With this new advantage, those who buy from us are guaranteed the best properties in Mallorca Villas, as each are hand pick allowing for them to have the best location and price.

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With our expert, multilingual team, you have the ability to tell us all the qualities of your dream home in a Mallorca Villa, and we will find a Majorca property that fit your requirement. We will listen to your needs in terms of home requirements and price, and aid in the buying process with knowledgeable advice. Also, we understand the difficulty of moving, especially to a new country, and we will aid in the moving process, as you settle in your new home, be granted with residential and work permits, find health care and schooling, and help in understanding taxation, banking, and financing.

Home Finder Mallorca

Finca Can Raio, Ctra. Sencelles - Algaida Km 1,5, Sencelles, 07140 Mallorca, Spain

+34 971 87 44 17 ‎

 

Are You Looking To Buy Mallorca Villas?

Finding a home is not that simple. It needs that you be very careful in all aspects so that you get a home that you are sure has everything that you are looking for. There are a lot of homes in Mallorca to choose from if you are looking for Mallorca villas. Going around on your own searching for possible people who might be selling villas is not convenient. It will take a lot of your time as well as resources. This is why the website Home Finder Mallorca was created. This is a website that is meant to help you find the home of your dreams. If you visit this website, you are guaranteed to find the home that you are looking for as well as be able to save a lot of time and resources.

The website Home Finder Mallorca was founded by a company whose main aim is to help you find the home that you are looking for. It is a website that is registered and the company has over 25 years of experience. With all this experience, you are sure that you will be getting the best services as you are looking for a villa. This company has been able to work alongside the best property agents in Mallorca which makes it be in the best position to help you as you are looking for Mallorca villas to choose from. It is important that you get a villa that you are sure will meet all of your needs and the needs of those that you are going to live with and at Home Finder Mallorca, you are sure to get this.

All that you need to do is say what you are looking for and leave the rest to this company that is dedicated to getting you a home. The good thing about this company is that is does not have any hidden charges. It is just a company that is out to give the best services to its clients by looking for what the clients want. The staff at the company is dedicated to offering the best services and they will show you the best Mallorca villas to choose from when you are looking for a home. They will also offer you sound advice based on their knowledge skills and experience and you are sure to be impressed by their services. When you decide to go to the Home Finder Mallorca website, you are sure that you will get the exact home that you are looking for because they are the best.

Home Finder Mallorca

Finca Can Raio
Ctra. Sencelles - Algaida Km 1,5
Sencelles, 07140, Mallorca
ISLAS BALEARES, España

Tel: (+34) 971 874417
Fax: (+34) 971 874417

A Look at buying property in Mallorca

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The idea of having your own home where you can go at the end of the day and lay your head is the dream of every individual. The Mallorca website provides you with the opportunity to have a look at some of the villas that are available. Investing in property is something good as it will provide your family with a place that you can call home. Mallorca property allows you to have a look at some of the houses that they have ready for you to buy or lease. All these information can be accessed through the Mallorca website. This website is always available and has less traffic meaning that you will enjoy using it. The regular updates that are done to it enable you as a potential client to have the access to more houses that are available for sale. If you are interested in buying of your own property, then this is the website to visit.

The home finder is an organization that deals in the area of home property and has established its own website such that you will have all the information you need about homes. When you log into this website you will be able to view some of the photos that are uploaded. It is from here that you can be able to choose a home that is vacant for lease or buying depending on your financial capability. The Majorca property company also displays their houses from where you can be able to choose from when you are in need of a house of a house. This is a utility that you cannot turn a blind eye on considering that it offers you the chance to make an informed decision about owning a house.

The Mallorca villas are some of the houses that you will be able to find in this website. When you log into this website you will be able to view what is available from these villas. The prices for the house are also available and through this you can be able to plan yourself on the steps that you will take. You should therefore make a step and visit this website and see the houses that can interest you in Mallorca or Majorca for that matter. This website offers you an opportunity that you should not let pass you by especially if you are in need of a house.

Mallorca Island at a Glance

Mallorca is geographically located in the centre of the Mediterranean. In the past, this island has been strategically very important for conquistadors and merchants. This is considered the most attacked island in the region. Still now, anyone can see its architectural features, which have remained very influential and attractive as they were to many invaders in the past.

Mallorca, also known as Majorca, is blessed with breathtaking landscape. This feature has been very inspiriting to many very popular artists and celebrities who regularly vacation on the island. Such artists include Richard Branson, Claudia Schiffer, Boris Becker, Michael Douglas, Julian Lennon, Jasper Carrot and Annie Lennox.

As far as tourism is concerned, the central government has long been promoting the Island tirelessly. These endeavors have not proved to be unproductive, as the tourist industry in the region has grown and developed fast into one of the most popular tourist destinations in Europe. Public services have significantly been improved and as a result, a huge part of total income comes from the tourism on the island.

Mallorca Island offers its visitors so many diversified attractions and much more. So many venues or places have been purposefully built to entertain both the foreign visitors and the local people. Casinos, resorts, restaurants, luxury homes, bars, golf clubs, and beaches along with lined palm tree’s etc. are some of Mallorca island’s most stunning features. Moreover, beautiful scenery has been developed over the coastlines, and charismatic windmills have been set up on well decorated farming plains.

Spectacular festivals are hosted by most villages of the Mallorca Island. Live music and equestrian shows feature at the festivals where internationally recognized artists perform. Palma, Majorca’s capital, is a historic medieval town and is home to the cathedral, which is thought to be the only one all over the that’s entire reflection can be seen in the water. A lot of shops in Palma are found to be some of the leading fashion commodities of the world. A cultural art movement with a strong impact is happening on the Mallorca Island with most of the banking institutions in support of charitable foundations. Such support from the banking institutions is ensuring that some of the local artists’ works can be seen and is easily accessible during the whole year.

Mallorca Island is best suited for anyone who desires to have tranquility and peace. Furthermore, this island along with its many stunning and adventurous activities has a lot to offer to entertain the visitors as well as those people who want to settle there.

Mallorca Island – Education System & Facilities

Planning relocation to Mallorca Island? Seeking information about the educational facilities on Mallorca Island? If so, you should end your search, as here we are going to share a complete overview regarding various educational facilities and the education system on Mallorca Island. Hopefully, after reading this article you will be in a better position to make a decision about your relocation to Mallorca Island. Mallorca has a fantastic education system with three different types of schools. In a new location selecting a school is truly a daunting job requiring a plenty of research.

Most of the expats opt for local government schools, as there are a number of benefits that you can get through local schools such as free of cost education, socialization with Spanish children, fluent Spanish and Catalan as well as many others. The younger your child, the more quickly he/she will learn the local languages and adopt new traditions. In addition to state schools, a number of international schools are also available in Mallorca. Such international schools are a fine combination of Spanish and foreign children. A bilingual syllabus in English and Spanish is followed in such schools. A student is required to learn each lesson in both English and Spanish. However, such international schools are not as popular as the state schools.

Besides local and international schools, you will also find some private schools in Mallorca. The private schools are further divided into two categories, one with pure Spanish curriculum and the other with an English curriculum. Most of such private schools follow a co-education system with relatively small classes as we see in the UK. The major drawback of such schools is that you can't make your child bi-lingual through such schools. However, the quality of education in private schools is often higher than other school.

Before the standard school, your infant should attend two nurseries, the first one is a state nursery that is free of cost and the second one is a private nursery. This will significantly assist your child in gaining a higher standard of education. This was a brief summary of the education system and various educational facilities in Mallorca. Now you are in a better position to make plans and strategies regarding your relocation to Mallorca. You can make a decision regarding the type of school that will best suit your child. It is very much advisable not to make any decisions in hurry, take your time, as the future of your child is dependent upon your decision.