Real estate investments can be an attractive option in the Balearic Islands. So when it’s time to see a return on your efforts, you need to know you’re taking the best possible approach. Please note, this information is not intended as legal advice. To find a local lawyer, please see our registry. Letting your property…
When buying, selling, or letting a property in Spain, having expert guidance is a clear advantage. The right Spanish property lawyer can help protect your interests, handle issues, and provide key advice. Below, we’ve compiled a list of just some of the services real estate lawyers in Spain can offer to buyers. Checking paperwork The…
When buying a property in Mallorca, it’s important to hire a lawyer that you trust. Ideally, they will speak both your language and the local language, and have a strong knowledge of the region and its laws. If you are buying or selling your property in Mallorca and are looking for a recommendations of a good…
Real estate transactions can be complex, but hiring an expert, local property lawyer puts you in a strong position. Below, you can find some of the main advantages of hiring a real estate lawyer in Spain. 1. Peace of mind Understandably, you may want to economise as much as possible on your property transaction, and…
Real estate transactions in the Balearic Islands reached a maximum of 4,000 million euros in 2019, a figure of which foreign buyers accounted for 40 percent, up to a volume of 1,600 million euros, according to a report by the real estate agency Engel & Volkers. In particular, Mallorca has become a “magnet” for a…
Considering buying a property in Mallorca? You might be wondering if you need a Mallorcan lawyer. Below, you can find out how the right independent local lawyer can help the buying process run smoothly, just as it would in your home country. Ideally, you should find a lawyer early in the process, before signing any…
Buying or selling a property abroad can seem overly complex when you’re not sure about the paperwork. Preliminary contracts in Mallorca, Ibiza, and Menorca are an important part of the buying and selling process. So, it’s important to take time to understand the terms. Please note, this article is not intended as legal advice. A…
The Balearic Islands are home to more than just a beautiful holiday destination. They offer wonderful investment opportunities. Whether you’re looking to live in the islands and soak up the local culture, renovate and resell, or let your property for the long term, there are plenty of reasons to invest in real estate in the…
Those who know where to look can find incredible luxury properties in Mallorca. From renovated country fincas to brand-new developments, there’s something for everyone in Mallorca’s luxury market. The Future of the luxury market In the five years prior to the pandemic, Mallorca experienced significant property price increases of around 31%. Pre-COVID predictions also showed an estimated…
At Illeslex Abogados, as experts in property law in Mallorca, we are aware of the importance of depositing the option down payment, which usually amounts to 10% of the total purchase price, in the escrow account of a notary’s office after signing a property option contract. This guarantees the buyer the certainty that he can…
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