House in Mallorca

Mallorca is one of the most sought-after destinations for buying a home in southern Europe. The island attracts buyers with its mild climate, picturesque coastal towns and a unique combination of Mediterranean charm and modern infrastructure. Townhouses in historic town centres or elegant new builds in exclusive residential areas are particularly popular. Whether as a permanent residence, holiday home or investment property - owning a home in Mallorca combines quality of life with a solid property market.

Advantages of buying a house in Mallorca

Owning a home in Mallorca offers numerous advantages that make the island one of the most desirable places to buy property in Europe:

• Mild climate all year round: With over 300 days of sunshine a year, Mallorca is a paradise for sun lovers. Even in the winter months, temperatures are mild, making outdoor life possible and the island a great place to live all year round.
• Excellent infrastructure: Mallorca is well connected and easily accessible thanks to the international airport in Palma. Medical care is modern and of a high standard, with a large number of international doctors and clinics. A well-developed road network enables fast connections between the cities, coasts and inland areas.
• Quality of life: The island offers a unique blend of Mediterranean charm and contemporary comfort. Historic old towns with cobbled streets and typical Mallorcan architecture meet high-quality restaurants, international schools and luxurious shopping facilities.
• Stable property market: Mallorca has been a safe haven for investment for years. The demand for high-quality homes remains consistently high, which not only offers potential value growth but also long-term security.
• Cultural diversity and lifestyle: Mallorca attracts people from all over the world. This creates a multicultural community that offers everything from exclusive events to local traditional festivals. The proximity to beaches, golf courses and nature parks rounds off the high quality of life.
• A safe retreat: For many, a house on Mallorca is not just a place to live, but also a retreat to escape the hustle and bustle of everyday life. The tranquil atmosphere and the opportunity to live surrounded by nature make the island particularly attractive.

The variety of houses on Mallorca

The house market in Mallorca offers an impressive variety of options to suit every taste and need. Particularly characteristic of the island are the traditional townhouses, which are often located in charming, historic town centres. These houses impress with their typical Mallorcan architecture with wooden shutters, natural stone façades and courtyards that convey a Mediterranean lifestyle. Those looking for modern comfort and exclusive furnishings will find what they are looking for in the luxurious new-builds on the island. These homes are often designed to be energy-efficient and offer spacious, light-flooded rooms and high-quality materials. They are mainly found in sought-after areas such as Son Vida or Santa Ponsa.

For buyers who dream of luxury and elegance, exclusive villas are available in prominent coastal regions such as Port Andratx or Deià. These properties often offer breathtaking panoramic views of the Mediterranean, private pools and spacious plots that guarantee absolute privacy. Whether you are looking for a traditional townhouse, a modern new-build project or a luxurious villa, the choice of homes on Mallorca makes the island an ideal destination for anyone looking for a home in one of the most beautiful areas of Europe.

Finding the right region

Choosing the right region in Mallorca is one of the most crucial steps when buying a home, as each area of the island offers its own character and special advantages. For lovers of urban flair and cultural life, Palma de Mallorca, the island's capital, is an excellent choice. With its impressive old town, first-class restaurants and excellent infrastructure, Palma offers a perfect blend of tradition and modernity.

Those who prefer the tranquillity and charm of rural Mallorca will find picturesque villages with an authentic atmosphere and idyllic scenery in regions such as Artà or Santanyí. These areas are ideal for buyers who value relaxation and a lifestyle away from mass tourism.

For families or investors looking for exclusive residential locations, Santa Ponsa or Port Andratx are ideal. These regions are characterised by luxurious properties, good connections and leisure facilities such as golf courses, marinas and fine sandy beaches. In contrast, the north of the island, such as Pollensa or Alcúdia, is known for its spectacular nature, extensive beaches and traditional markets, making it particularly attractive for nature lovers.

Costs of buying a house in Mallorca

Buying a house in Mallorca requires thorough cost planning and a realistic financing strategy. The expenses go beyond the purchase price alone and include various additional costs that should be taken into account in the calculation:

• Property prices: Prices for houses in Mallorca vary greatly depending on location, size and features. In rural areas or smaller towns, charming townhouses can be available for as little as €300,000. High-quality new builds and spacious villas in exclusive residential areas such as Port Andratx or Son Vida, on the other hand, can cost several million euros. Particularly sought-after coastal locations and properties with sea views drive prices even higher.
• Incidental costs: When buying a house, there are around 10-12% incidental costs in addition to the purchase price. These include:
  • Property transfer tax (Impuesto de Transmisiones Patrimoniales): This amounts to 8-10 % of the purchase price, depending on the value of the property.
  • Notary and land registry costs: For notarisation and entry in the land registry, around 1-2% of the purchase price should be planned.
  • Legal fees: A lawyer is often recommended to assist with legal checks and the purchase process. The costs are usually 1-2% of the purchase price.
  • Estate agent fees: If a real estate agent is involved, the commission is usually 5-6 % of the purchase price, usually borne by the seller.

In addition, you should plan reserves for renovations or modernisation, especially if you are buying an older house. With thorough preparation and advice, the costs can be calculated transparently and the financing can be optimised in order to realise the dream of owning your own home in Mallorca.

The process of buying a house

Buying a house in Mallorca is a structured process that takes place in several clearly defined steps. To ensure that everything runs smoothly, it is important to be able to rely on an experienced partner like KENSINGTON Arta. With our expertise and local knowledge, we are at your side every step of the way so that you can realise your dream of owning your own home in Mallorca safely and stress-free.

The first step is property selection. With our comprehensive selection of carefully vetted properties, ranging from charming townhouses to exclusive new builds, we will help you find the property that perfectly suits your needs. We guide you through viewings, clarify your questions and ensure that you can make an informed decision.

After the selection, the preliminary contract, also known as the Arras contract, is concluded. This serves to make a binding reservation for the desired house and to set out the terms of the purchase in writing. A deposit of around 10% of the purchase price is usually due, which is offset against the purchase price on completion. We support you in checking the contract to ensure that everything is legally sound and in your best interests.

The next step is the notarisation of the purchase contract. This act, which is obligatory in Spain, makes the purchase legally binding. We work with experienced notaries and ensure that all documents are complete so that the purchase can be completed without any problems.

Finally, the property is registered in the land register in your name. This registration officially secures your ownership and is an essential part of the purchase process. Here, too, we take care of the formalities and accompany you until the entire process is complete.

With KENSINGTON Arta, you have a reliable partner at your side who will not only support you in choosing the right property, but will also accompany you competently and personally every step of the way. Our aim is to provide you with a worry-free purchase process and to fulfil your individual wishes.

Tips for foreign buyers

For foreign buyers, there are some important points to consider in order to make the buying process in Mallorca smooth and successful. A thorough understanding of the legal, cultural and practical circumstances is crucial.

• Residence permit: If you plan to use the house you have purchased as your main residence or for long-term stays, a valid residence permit is required. Citizens from the EU have it much easier here, as they generally only need to register as a resident. Non-EU citizens should find out about visa and residence regulations at an early stage, as the process can be more complex.
• Cultural differences: In Spain, and especially in Mallorca, negotiations can often be more personal and less formal than is usual in other countries. Patience and flexibility are an advantage here, as processes can sometimes take longer. Personal relationships are also valued - treating estate agents, vendors and lawyers with respect can make the whole process easier.
• Use local expertise: The property market in Mallorca has specific legal and tax requirements that can vary from country to country. It is therefore advisable to use a local lawyer or consultant who is familiar with Spanish laws and Mallorcan bureaucracy. This person can ensure that all documents are correct, that there are no old encumbrances on the property and that the purchase contract is legally sound.