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…
Consider Formalities & Tax Matter While Purchasing Mallorca Property Taxes are charged on property transactions in Mallorca, as they are in many other countries; thus, prospective buyers will require a Spanish tax number to purchase a house on the island, which can also be used for other requirements. For a nominal price of 15 Euros,…
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