The buying of luxury houses in Mallorca has seen a considerable increase, especially by European buyers with a high purchasing power. It´s not a difficult decision when you consider the mediterannean climate and idyllic attractions which make it the ideal enclave to pass your time.
An investment such as this cannot be carried out hastily and you must take in to account the particularities of local regulations. These will, at times, differ from that which is the norm in most European countries. Another important reason why it is advisable to request the guidance of reputable companies in the island real estate sector such as Frank Heinsbroek Real Estate Boutique. We are here to advise you on the types of purchase agreements in force by the legal system in Mallorca, in order to take the right steps to successfully buy a luxury house in Mallorca.
As a first step in the legal process, you will enter into a private option contract The law grants validity to private option contracts which defines the rights and obligations of the parties. This is a contract of sale with a deposit or advance payment (in which the purchase is agreed upon delivering a sum of money as a deposit) or the purchase or sale with a mortgage guarantee, by virtue of which the buyer acquires the house and at the same time the mortgage before a notary, as long as there is no outstanding tax on the home, which implies a prior check before the land registry.
It is essential that you take in to account all these variants when buying your luxury home in Mallorca. That’s why we suggest that you contact us: at Frank Heinsbroek Real Estate Boutique we have a team of professional real estate experts – with a great understanding of the Pollensa area, in the north of the island- who will help you to find the ideal property that you are looking for and to guide you through the legal and bureaucratic processes which you have to follow with complete uniformity to guarantee your dream of owning a luxury house in this privileged corner of the Mediterranean.