Buying property in Majorca

Whether you are looking to invest in your first holiday home or contemplating a more permanent move abroad, we make buying property in Majorca easy.

Our portfolio includes everything from holiday apartments by the sea (new and resale), to luxurious villas, plots of land and traditional village and countryside homes. Our commercial listings include office units, bars, restaurants and hotels, further details of which are available on request.

Our listings actually include a broad spectrum of properties from all over the island, but we primarily concentrate on the ever popular South West which includes the boroughs of Andratx & Calvia – where our recently refurbished office is located.

You are not alone in showing interest in Majorca, the island receives around nine million visitors to its holiday resorts every year.

You can search for a property to suit your individual requirements through our online "property search" facility or alternatively see our property portfolio in full.

So why buy in the municipality of Calvia?

The South West of the island is arguably one of the most affluent areas on the island. The Borough of Calvia is claimed to be one of the richest in Europe. The yachting fraternity have made marinas such as the prestigious Puerto Portals, Port Adriano and Santa Ponsa their moorings of choice, primarily for their accessibility to some of the most breathtakingly beautiful coastline nearby.

The British media, like an aging dinosaur, continues at times to highlight the resorts of Magaluf and Palmanova as the magnets for the unsavoury stereo type that was the British lager-lout who was an inherent tourist of the 1980's package tour. The facts are that much has changed in these resorts over the last twenty-five years.

It is true that at 2am bars and nightclubs are packed with the excited feet of young holiday makers enjoying themselves. However, stricter environmental controls are now imposed on these futuristic nightspots which ensure a good nights rest for families who may prefer the daytime attractions that Majorca has to offer.

These resorts are now attracting a new generation of holidaymakers who appreciate the continued investment that has been made by regional government. Old hotels are being replaced with brand new exclusive five star complexes such as the Mardaval in Son Caliu and the Hotel Adriano in El Toro.

Official statistics for 2006 confirm that Calvia Council has once again spent more money towards improving public services and its holiday resorts than any other council on the island. Today holidaymakers and property owners can enjoy walking along new palm tree lined promenades, sunbathe on recently expanded fine sandy beaches and take part in a number of diverse and exciting water sports.

New pedestrian walkways and paved cycle routes provide more than 20km for families to enjoy in perfect safety, segregated from traffic, and where you will also see a number of trees adopted by Inmobiliaria CJ Bestard in Son Caliu. The fact remains that there are very few places outside of Palmanova and Magaluf where you can buy a holiday apartment and where you can go out your front door, get in the lift and walk 20yards and be touching sand on the beach. These areas have now become one of the ex-pats best kept investment secrets, and now many young families are making these resorts their choice holiday destination.

At 9 a.m. families can be seen walking past our offices making their way to the award wining Blue Flag beaches of Son Matias, the bay of Magaluf and Palmanova. All of which are cleaned meticulously every morning.

Municipal services in the borough are second to none. Domestic rubbish collections are daily, and in commercial areas, rubbish is collected up 4 times day. Yet your annual council tax that pays for these services is likely to be up to 70% cheaper than for a similar property in the UK. The island has everything and has become a magnet for everyone.

As a potential buyer that may have researched the market on the island you will not need us to tell you that there has undoubtedly been a significant increase in the return of investment into property on the island over the last decade. There are many factors which will continue to ensure Majorca to be a safe investment for overseas property owners, for example, the much improved road network and public transport facilities and the expanding number of new budget airlines making commuting to the island a viable option.

Licences issued for the development of new apartment blocks are strictly controlled respectful of the environment and their surroundings. You can see evidence of this in new areas being developed such as Sol de Mallorca and Santa Ponsa Golf. There remain many awe inspiring mountainous and coastal areas of Majorca which are now protected from development by Royal Decree.

Given that there are now more legislative controls over development and land which can be developed in Majorca is limited, prices are going to go up… continually.

In the early 1990's the UK hit a recession and many UK property owners found themselves with negative equity. This had little effect on the property prices in municipality of Calvia which is where the majority of our properties can be found. Many of these properties are second homes to non-residents from all over Europe. No one wants to sell and loose money. Whilst the economics in the UK were on a downturn other European countries were enjoying more favourable economics which ensured that the balance of supply and demand for property on the island remained balanced. Since then, other large factors including the introduction of the Euro in 2001 has meant the market value of property has increased between 8 and 20% annually.

Consequently the South West of Majorca is relatively unaffected by the economics of just one European country. Its cosmopolitan ex-pat community ensure a continual affluent effect thanks to the booming economics of each European country.

Buying your property in Majorca

All the sales that we negotiate are formulated from Notarised title deeds (Escritura) which are in turn registered in the regional Land Registry Office.

As a buyer you will have a peace of mind knowing that the change of titles on a property will be overseen by a Notary.

We are an English speaking estate agency whose experience negotiators are familiar with all aspects of the entire buying and selling process and how those differences apply to our customers from the UK. Once a sale is initially agreed completion can take place relatively quickly, sometimes in as little as a week.

Your buying costs to purchase a property should allow for 10% on the title price. This cost can increase to 15% for a financed purchase as there will be two sets of deeds (Escrituras) to sign at a Notary Office and there is more documentation to process.

These costs will cover your Notary fees, Land Registry fees and includes the 7% stamp duty payable the Spanish Government. Once you have signed the deeds to purchase your property, your deeds then physically go through a process of being stamped by the pertinent authorities to prove you have complied with your tax obligations. For your assurance these property deeds are subsequently registered in your name at the regional land registry.

Your buying costs will cover your Gestoria (administrative professional) fees or your lawyer who would do this conveyance for you. Generally you can expect to receive the original copy of your deeds back within 10 weeks.

Unlike some agents, we guarantee that we will not pass on to you any agency fee when buying a property through us.