How much does a lawyer cost to buy a house 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 […]

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Are there restrictions on foreigners purchasing property in Mallorca, Spain?

No. Any person is able to own a property in Mallorca or any other part of Spain, as long as he/she fulfills the Money Laundry regulations. It is very interesting to mention that for non EU-citizens, if they buy a property, making an investment of more than half a million euros, they can obtain a […]

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RULES ABOUT BUYING A PROPERTY IN MALLORCA, OR ELSWHERE IN SPAIN

You’ve found the property you’ve been looking for. So, what’s next? -DEPOSIT. The vendor or Estate Agent will recommend you sign an Option Contract as soon as possible in order to be sure nobody else can buy that property. Don’t play this game. Offer a €500 to €4000 deposit to the vendor to hold the property […]

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The reservation contract when buying a property.

Beware of the reservation agreement contract. What is it? The reservation contract, in a real estate transaction is a document by which the seller undertakes to remove the property from the market for a few days in order to have time to prepare an option or deposit contract or to prepare the sale. What should it […]

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Author

Toni Marqués. Lawyer. Real Estate Specialist.

English speaking solicitor in Mallorca

If you need immediate answer, my Whatsapp line it’s open +34 678 216 706

mail: toni@palmalwayers.com

 

 

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