Servicios legales
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Payment of taxes
Property Sales Tax
The amount the purchaser pays will vary depending on the type of property and the nature of the vendor.
If you are buying a second hand property you pay 7% property transfer tax.
If the vendor is not a property developer, the purchaser will pay 7% in property transfer tax.
If … Read more » -
Consulting on financing your purchase
Spanish mortgages
Mortgage loans are available from national and international banks with offices in Majorca. We will be pleased to advise and assist you in getting the best mortgages available and submit information about interest rates and bank charges. You can raise finance to assist with payment of the property by … Read more » -
Tax identification number (NIE)
Fiscal number application (NIE)
When buying property you will need to obtain a Spanish fiscal identity number (NIE). Your Gestor (Administrative Agent) will obtain this for you if you sign the forms and provide him/her with your passport or an authenticated copy.
In Mallorca it takes about four weeks from the application … Read more » -
Mortgage
Maximum amount of the Mortgage loans are 70% of the appraised value of the property to be paid back in a maximum period of 25 years.
You can normally make any partial repayments reducing the term or the amount of the monthly instalments of the mortgage without penalties or extra costs.
A … Read more » -
Purchase or sales contract
Buying a Spanish property
In Spain the purchase of property is a regulated process. To ensure that the Spanish property you wish to buy is free of debts and restrictive clauses, it is essential to contact a reliable Solicitor or Gestor who will thoroughly research the Spanish property you intend to … Read more » -
Other usefull information
The Property Registrar
Among the Property Registrar’s functions is to manifest the contents of the Registry, through which we can learn the legal situation of the property, including the identity of its owner or owners, the limitations that affect its capacity and description, the charges and encumbrances that affect it, the … Read more »




