Questions about Properties in Mallorca

Answers to frequently asked questions Buying process What stages are there in the completion process? The property is selected and the terms agreed on. The property must then be secured. This can be done through private contracts between the two parties. It is customary that 10% of the purchase price is paid at this time. On completion a deed of conveyance "escritura pública" must be signed by both parties under notarial supervision.

Legal Is it necessary to appoint a notary? Yes. Who pays the legal fees? In theory, notary's fees are paid by the seller, unless agreed otherwise and are fixed by law on the basis of a scale. It is advisable to appoint a local lawyer, who speaks the purchaser's language who will carry out a title search, and advise the purchaser on all aspects of the investment. Lawyer's fees are between 1-2% of the purchase price of the property. On new residential buildings there is VAT (IVA) charged at 7% of the value, plus 1% stamp duty, and these are paid by the purchaser.

Residence Permits Is it necessary to have a residence permit in Mallorca? No, it's not necessary for EEC citizens or citizens coming from the Swiss confederation. For non-EEC citizens, if they want to reside permanently in Spain, they would need to obtain a special visa at the spanish consulate in the country of origin which allows them to apply for a residence permit. Selling property A non-resident seller is subject to a 5% tax withholding on account of any possible capital gains tax. If the sellers liability is less than 5%, the seller can claim it from the tax office. Capital gains tax is 35% of the profit of the sale. There is an exception regarding the 5% retention: when the property has been owned by the vendor, at the date of the 31st of December 1996, for more than 10 years and when the vendor is an individual (not a non-resident company). Professional advice: The laws and people’s personal circumstances continuously change. These questions and answers are only general, and we strongly recommend that you contact a professional lawyer or financial advisor. Our office would be delighted to recommend reputable professionals in both fields

The hotel is family owned and run by Lorraine and Martin
Xamena, who represent the second generation. They are hands on
managers and are always guiding the hotel with friendly
efficiency, complemented by an attentive staff, most of who
have been at the Bon Sol for many years. The web site is
located at: http://www.ila-chateau.com/bon_sol/

The Bon Sol is nestled into a hillside in a small cove giving
it wonderful privacy with a very small but cozy private beach.
The beach is complemented by four pools at various levels from
the beach to the main hotel. There is also more than adequate
sun worshipping equipment and tons of shade for those who
prefer it. The architecture is best appreciated from the sea
and gently blends the hotel into its landscape without
attempting to dominate it.

There are two active bars and two restaurants – one pair by the
beach and one up the hill at the main hotel level. The food is
excellent and there is lots of it! We chose the modified
American plan – breakfast is buffet style with an excellent egg
station, plenty of fruit and a good selection of breads and
pastries. Dinner offers a different menu each night and they
will accommodate your wishes if you prefer ordering off the
menu.

The 92 rooms are each unique, but all are large, have good
bathrooms, excellent views, with a balcony or terrace. There
are 28 villas for families or more extended stays.

Most of the guests are frequent visitors – in fact, the opening
line when you meet someone new in one of the elevators, or in
line for a breakfast omelet is ‘Have you been here before?” The
answer is usually yes. This is the best recommendation of all!

For something completely different take a drive into the
mountains – the roads are good and the views are outstanding.
Visit Valldemosa, Deia, Port de Soller and Andratx – it is a
fun and easy day trip.

Balearic Properties Mallorca:
Phone : +34 971 86 77 00

We have 3 Offices in Mallorca at your service, please visit us for a personal property advice.

Our Property offices

Our Mallorca Offices, come to VISIT US IN MALLORCA!

Balearic Properties Head Office:
Joan XXIII, 90 Puerto Pollensa
Phone: +34 971 86 77 00 /

Office Northern of Mallorca:
Cecili Metel 36, Pollensa
Phone: +34 971 53 22 21

Office Southeast coast:
Avenida Bienvenidos 74, Cala D'Or
Phone: +34 648 777

Or... send us an e-mail with your questions or requirements: info@balearic-properties.com

Quick Links:

Mallorca Property Properties in Mallorca Mallorca estate agent Mallorca Property for Sale Mallorca Villa for Sale Buy Property in Mallorca Palma de Majorca Property Mallorca & Majorca Information Cala Dor Properties Majorca Estate Agent Mallorca Properties for Sale Mallorca Properties