How much does a lawyer cost to buy a house in Mallorca?

• POSTED ON - December 2, 2019
• BY - propertysolicitor

• Buying Property in Mallorca

Are real estate transactions in Mallorca typically handled by a notary or lawyer, and what is the cost for such services?

Both Lawyers and Public notaries are involved in real estate transactions in Mallorca.
On top of the purchase price, the purchaser should add approx. 10% additional for taxes and expenses

Buyer’s lawyer check the ownership of the properties, charges and encumbrances, deal with vendor’s lawyer regarding way of payment, prepare the contract and the most important: check the legality of the property.

Then the purchase deed has to be signed in front of a Public Notary to be registered in the Property Registry. In the Spanish system Property Registry only inscribes notary deeds.

Notary fees when buying a property in Mallorca

The fees of the Notary depend on the purchase price of the property.

Note in Mallorca the prices of properties vary from 180.000 euros for small apartment to 10 million euros or more for a luxus single family house with pool in a privileged area.

Notary fees when buying a property in Mallorca

The Chamber of Lawyers of Balearic Island recommend their associates to invoice 1% of the purchase price + VAT (21%), but sometimes the fees are higher because the lawyer’s fees depend on the purchase price of the property, the complexity of the deal and the effective work done. Note that sometimes it is necessary to establish a company structure to minimize in a legal way the tax impact of the purchase, in order to optimize the wealth and the inheritance tax, among others.

I always recommend our clients to close a budget prior to hiring our services.