Is it better to live in the countryside or city center in Mallorca? It depends on your priorities. The city center offers walkable access to culture, dining, and career opportunities, ideal for those who value convenience and social life. The countryside delivers privacy, space, and tranquility, perfect for nature lovers and those seeking a slower, […]
TL;DR – Which Should You Buy? Ultimately, it depends on your priorities. If you want brand new modern designs, energy efficiency, and minimal upkeep, a new build is likely the right move. If you’re after character, prime location, and long-term appreciation, a resale property might offer better value. Is it Better to Buy a New […]
TL;DR Spain’s Golden Visa program, or as we like to call it the “Golden Ticket”, which allowed non-EU citizens to obtain residency through real estate and capital investments, was officially abolished on April 3, 2025. But Spain, specifically Mallorca, remains a great choice for those looking to live, work, or invest in a vibrant Mediterranean […]
TL;DR: Illetas — Best for those who want apartment complexes with stunning sea views and direct beach access, offering a sophisticated, resort-like feel. Cas Catala — Best for exclusive residential communities close to Palma, ideal for those seeking privacy and elegant living. San Agustin — Best for vibrant apartment complexes in a lively, social community, […]
TL;DR Licences are mandatory for all short-term rentals under one month. New tourist places (plazas) are strictly capped, and no new plazas are allowed in apartments (multi-unit buildings). Buying a property with an existing licence is the fastest way to legally enter the rental market. Zoning rules vary by area (for example, Palma) and determine […]
Buying a property in Spain with cash can give you a strong edge as a buyer. It often allows for quicker transactions, greater negotiation power, and fewer complications compared to getting a mortgage. However, “buying with cash” in this context doesn’t mean showing up with bags containing physical banknotes. In Spain, most cash transactions are […]
What’s the true cost of buying and owning property in Mallorca? The true cost of buying property in Mallorca goes far beyond the purchase price. Buyers should budget an additional 10–15% of the property’s value to cover taxes like ITP (up to 13%) or VAT + stamp duty (up to 11.5%) on new builds, plus […]
Affordability: Everyday costs like housing, groceries, and childcare are often much lower than in US cities. Nature: Beaches, mountains, and outdoor activities are right on your doorstep. Wellness: The Mediterranean diet, fresh air, and relaxed pace support a healthier lifestyle. Real Estate: Strong property market growth offers great long-term value. Food: Fresh, local markets and […]
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 […]
