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Buying Property Abroad Need Not be a Pain in the Balearics

Aug 18, 2007
Mallorca or Maiorica meaning Major Island as it was previously known has been a sort after tourist destination for many years, being one of the first places in Spain to offer package holidays as the popularity for holidaying abroad became affordable to all.

Mallorca is the biggest of the Balearic Islands boasting long warm summer days of 10 hours sunshine, tranquil pure blue waters perfect for water sports and snorkelling and being in the Mediterranean the water temperature for the peak season months is extremely enticing too, the coastline is a mixture of fine white sands, with coves to explore and secluded beaches which seem to be undiscovered, because of such great qualities Mallorca is not only a perfect holiday destination it has also become a prime location to buy property.

The main language of Mallorca is Catalan, but it has a slightly different dialect to the Catalan spoken further North. Spanish is also spoken on Mallorca, with the residents having a limited knowledge of both German and English mainly due to the tourist trade that Mallorca for many years has been host to.

The Balearic Islands like so many other destinations in and around Spain are seeing a real increase in the amount of foreigners wanting to take up residence. The Mallorca property market is no exception, real estate in Mallorca has become a big business but how do you go about finding the right estate agent for you?

Mallorca property ranges from apartments on the coast to luxury mansions in the more rural settings, villas, fincas, town houses and property developments. Offering such a wide range of property, scenery, and weather it is no wonder that so many people have chosen to make the move, two of the popular regions are Puerto Pollensa and Alcudia due to the beaches, people and locations.

To find the right accommodation whether for relocation, investment property, holiday home or a piece of paradise to retire to, estate agents are the best place to start, you can commence your search of property both for sale or to rent on the internet these days with direct contact via telephone or email with the agents.

Some estate agents will offer more services than just the property aspect, especially if you have no experience in buying abroad; it is often wise to find out whether anyone speaks English too. Finding the right representation such as fiscal advice to guide through the local property taxes, CGT, IHT with a Spanish qualified tax consultancy, they can even suggest an English speaking lawyer to take care of the legal process for you, not forgetting providing an after sales service to make sure that everything is perfect upon and after completion of sale.

You may have other ideas and wish to set up a business, most property agents also have business premises to buy or rent, some being freehold but the majority are leasehold. If you are wishing to relocate setting up business might well be part of you relocation plan?

For those who have a specific idea of what they want, the opportunities to build your own villa are endless; with a wide range of plots of land in various locations the possibilities are endless. In order to do this though there are still a number of legalities which have to be covered, this too can be handled by established agents. Nowadays Mallorca property agents can offer off plan villas or complete services to oversee building projects, often helping you to find an architect to draw your tailor made plans, helping you design a Mallorca property specifically to your requirements, again provide lawyers to take care of the legal jargon and then provide you with a complete project management package, which oversees the whole project from plans to completion of building.

It does help to shop around, finding out a little bit more about the individual property agents will give you an insight of the services they provide, whether there will be a communication problem due to language barriers or if they provide translation or English speaking representatives to help, also the diversity of property available is often a good sign too the more property on offer generally is a good indication that their services are trusted. If you can find a reputable Mallorca Property agent offering all of the above, you are another step closer to realising your dream.
About the Author
Shaun Parker researches how easy it is to find a Mallorca Property Agent you can trust, how easy is it to purchase property or build your own villa, negotiating the Spanish legal process to achieve your goal.
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