Key Highlights Many buyers overpay by stretching their budget too far. Some choose the wrong area for long-term living or rentals. Not all real estate agents are trustworthy—do your homework. Skipping a full inspection can lead to hidden repair costs. Extra fees and taxes often catch buyers by surprise. Trusting the seller’s agent or inspector […]
In Short: If you’re thinking about buying or selling property in Mallorca, here’s a quick look at the main taxes and what they usually cost: Property Tax in Mallorca When Buying: Transfer Tax (ITP): 8%–13% for resale homes (average: 10% of the price) VAT (IVA): 10% on new homes (instead of ITP), 21% on land/commercial […]
TL;DR: In Mallorca, short-term holiday rentals require a special license, but new licenses are no longer being issued. You can still buy properties that already have one. Long-term rentals (over 30 days) don’t need a license but must follow tenant laws. Renting without the proper license can lead to fines of €20,000 or more, so […]
Key Highlights Buying your first home in Mallorca requires understanding the local real estate market and property taxes. Getting pre-approved for a mortgage helps you focus on homes within your budget and shows sellers you’re a serious buyer. Researching neighbourhoods carefully ensures your new home aligns with your lifestyle and urban development preferences. Budget for […]
The question: Should I buy or rent in Mallorca? The answer: It depends… Buy if you want long-term stability and investment growth, rent if you need flexibility and lower upfront costs (or if you simply want to try out the Mediterranean lifestyle before investing). Analyzing the Decision-Making Process When considering the options of buying vs. […]
In Short: Good news: foreigners are free to buy and own property in Spain, including stunning villas and apartments on the island. Just make sure you get a NIE (foreigner’s identity card), sign your title deed with a Spanish notary, and register your ownership. You’ll also want a local lawyer to check for hidden debts […]
Key Highlights Discover some of the best towns in Mallorca to invest in real estate by the sea and in the mountains. Choose from luxury villas with amazing sea views or charming hillside villages with stunning scenery. Towns like Bendinat and Palma Old Town offer a mix of history and modern living. Property values in […]
Key Highlights Finding the perfect property in Mallorca, a stunning island in the Mediterranean, requires expert guidance. This carefully curated list showcases some of the best real estate agencies in Mallorca, known for their extensive experience and expertise. These agencies offer many properties, from luxurious beachfront villas to charming countryside fincas and stylish city apartments. […]
Explore the stunning island of Mallorca, boasting over 50km of pristine coastline. Discover secluded coves, family-friendly shores, and beaches perfect for watersports. Unwind on soft, white sand and soak up the Mediterranean sun. Explore the natural beauty of Mallorca’s beaches, from pine forests to dramatic cliffs. Find your perfect beach paradise, whether you seek tranquility […]
Quick Overview Tucked between the upscale neighborhoods of Bendinat and Portals Nous, Illetas (or Ses Illetes) is one of the most charming coastal areas in Southwest Mallorca. Known for its beautiful beaches, relaxed Mediterranean lifestyle, and sea-view properties, it strikes the perfect balance between quiet retreat and connected convenience. At Reiderstad Invest, we know […]
