Rumors that there will be a new illegal property amnesty in Mallorca as well as in the rest of the Balearic Islands have not ceased to be heard since the elections of May 2023. Although there is no official confirmation, this measure was in the program of the Popular Party (now in power) and the […]
New illegal property amnesty in Mallorca and Balearic Islands Read More »
Everyone who sells a property wonders what taxes are payable on the sale of a property in Mallorca, but many people ask this question at the wrong time.It often happens to me that clients first put the property on the market and when they already have a buyer with whom they have agreed the price,
What taxes are payable on the sale of a property in Mallorca? Read More »
The answer to the question of whether US citizens can buy property in Mallorca is YES, although as I will explain below there are some peculiarities. In the last few months the interest of US citizens in buying property in Mallorca has increased especially due to the new air connections between the island and New
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Law 12/2023 on the Right to Housing, recently published in the BOE, regulates in Chapter I, the general regime of rights and basic information, the minimum information that must be provided. A requirement that will oblige sellers or landlords and state agentes to make an exhaustive analysis of the property before putting it on the
La ley 12/2023 por el derecho a la vivienda recién publicada en el BOE, y ya en vigor, regula en el Capítulo I, el régimen general de derechos e información básica la información mínima que debe aportarse. Un requisito que obligará a los vendedores o arrendadores a hacer un exhaustivo análisis de la propiedad antes de ponerla
When someone buys a house with urban planning irregularities in Mallorca, it is normal to want to know if the risk of demolition is real.As a general rule, buyers should not be concerned about fines because the town planning regulations state that fines must be paid by the offender. If the infringement was committed by
Is the risk of illegal house demolition real? Read More »
Yes, Real Estate scam in Mallorca happens. Every day someone buys a property illegally or with debts without knowing it and by the time they realise it is too late. This is not an exaggeration. From properties that have not paid taxes correctly (and the new owner is held responsible), unpaid urbanisation fees or parts
How to avoid a Real Estate scam in Mallorca? Read More »
From January 1st 2023 purchase of property in the Balearic Islands increased for properties worth more than 1 million euros.However, the increase affects the tranche that exceeds 1 million euros and not the taxes paid from 0 to 999,999 euros.Today, the brackets are as follows: from 0 to 400,000 euros 8% is paid, from 400,000
Property purchase taxes in the Balearic Islands will increase in 2023 Read More »
The Consell de Mallorca has executed the demolition of two illegal properties in Mallorca in which it detected illegal building works.As can be read in the local press, it was the Environmental officers who detected that unlicensed building work was being carried out.This is another sign that the persecution of illegal urbanism in Mallorca continues
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Every week several clients talk to me about “a legal property in Mallorca” and I have to explain to them that this term does not exist. Properties are legal when they have been built with a licence or illegal when there is no licence. There are no ” A legal properties in Mallorca”. Where does
“A legal” property in Mallorca. Read More »
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