mallorca investment information

Why buy in Mallorca?

Mallorca is the pearl of the Mediterranean, and the largest of the four islands in the Balearic group, with a varied landscape where you can find long far stretched white sand beaches, little cave beaches surrounded by turquoise crystal clear water or breathtaking views from a beautiful mountain landscape. Mallorca also has a very interesting, rich history and a strong local culture.

Each year there are about 10-12 million passengers passing through the international airport and more and more low priced air companies offers Mallorca as their destination.

The fact that Mallorca is only about 2 hours from most big cities in Europe and that there are so many connecting low priced flights from most big cities in Europe makes Mallorca into an international hub.

More and more people choose to have a second home on the island or to be based permanently. Others buy property from as an investment, aimed at providing capital growth and a solid rental income.

With a summer season lasting from May to September, the island is so popular that you can expect virtually full occupancy on your apartment or villa
during that period.

With 80% loan to value mortgages available you should comfortably cover your costs and even achieve some ‘free’ personal usage from your holiday home investment.

A low inflation rate coupled with the low cost of living means that Mallorca represents great value for money. The island also benefits from private and state hospitals that offer excellent facilities and expert consultation.

Mallorca is an island constantly going through change. The latest tendency is that Mallorca wants to appeal to a more up-market tourism. Mallorca is home to the Spanish Royal families summer residence. The local government is paying a lot of interest in local conservation projects, constantly improving infrastructure and together with a series of local measures aimed at halting the cycle of uncontrolled building development.

The capital Palma is a very cosmopolitan and chic city. Palma offers the best of food and has a very good mix of shopping. The city has a vast array of boutiques to suit anyone’s pocket. You can easily spend hours just walking around looking at the old palaces.

In the Palma and south west area of the Island in about a range of 20 minutes drive by car you find many yachting harbours with a rich night life.

For the golfing enthusiast the island has 19 different golf courses and you will especially find a number of them in the south-west part of the island.

So why buy property on Mallorca - simply because this island has something to offer everybody culture, food & wine, yachting, golfing, nature, night life and much more. It’s strategically positioned close to most big cities in Europe making it a sought after destination for a holiday home/ investment.

Buying Property in Mallorca

Once you have decided on a property and the price has been agreed with the vendor a contract will have to be drafted and you will need to make provisions for payment of a deposit, which is payable on signing the contract.

The contract will include a completion date and an assurance by the sellers that the property is free of charges, tenants and mortgages.

Once both parties have signed this contract and the deposit has been paid, you have secured the property. This is a binding contract for both sides with penalties for failing to honour its terms.

It is imperative that you are satisfied with the conditions of the contract before signing it.