From Spanish Fincas to state-of-the-art luxury apartments, Mallorca has an incredible range of properties throughout the island for sale or for rental.

The most important thing to think about when buying a property in Mallorca is having the right help.  With the right person to guide you around the island and properties available within your price range you can have a wonderful experience when buying your dream home in Mallorca.

In recent years Mallorca has seen good appreciation in property values and even in today´s market, although slower, there is still growth with new developments around the island and foreign investment in the island.

There is a great variety of property for sale, from studio apartments to million euro villas alongside businesses for sale and development opportunities.  The investment you make will be dependent upon whether you are looking for a permanent home or a property to sell on later for a profit that you would be willing to let out for rental, either long or short term.  If you are intending to buy a home to  live in it yourself then of course personal preference will be the greatest deciding factor. If you are looking for a new home here on the island then you need to take a look at the long term potential of the property you are thinking of buying.  Find out if there are any plans for future development in the area.  You could find a wonderful property with amazing sea views only to find out later that there are plans open for the development of an apartment block between the property and the sea! 

If you are considering purchasing as an investment then you need to take a look at the amenities available in the area and the potential for renting, have a word with local rental agencies about the sort of income you could expect and the sort of property which would give you a better return for your money.

The important thing is to familiarise yourself with the area you are considering either by visiting or searching the numerous websites available or taking a holiday on the island and concentrating on looking into the potential for investment in the area of your choice.

Be aware that there are many rules and regulations that need to be checked out, especially on older properties which may not have even been registered or have no title deeds. Make sure you check for any outstanding debts that may be on the property as well as the amenities - water. electricity etc. - that are available and whether you are responsible for any additional annual costs such as ´Community Fees´.  You will need a lawyer to finalize any agreements reached.  When buying you are liable for transfer tax and stamp duty.  There is a charge for property registration plus notary charges, approximately 10% of the purchase price.  If you need to take out a mortgage to buy the property then it is compulsory to take out fire insurance.

Although Mallorca is only a small island it does offer a diverse selection of different types of property.  Around the main tourist areas and resorts you will find typical spanish style apartments and villas whereas out in the surrounding areas there are some absolutely wonderful Fincas with spectacular views, along with some superb golf resorts with property available giving you an excellent choice. There are also a large number of  'off plan' villa and apartment complexes available.  New properties can offer more short-term investment potential and are worth consideration.

If you are looking for a business investment be very careful about the type of business you want to invest in.  This will need to be carefully researched, check out existing businesses in the field you are interested in, how are they doing, would it work in the area you are considering, how is the competition, where are the wholesalers you need etc.  There is a lot to consider and regardless of how passionate you are about your particular businesses field or even how competent, be aware that it is very different here and the client potential is very different to the UK.  Do people here need what you are offering?  There is also a language barrier that your business needs to overcome in order for it to be successful or you need to be very resourceful.  The more research you do into the potential of your business the more clear it will become as to whether it has a chance of success on this island.   

If the landlord wishes to sell the property then you have the right to buy it before it is offered on the open market.  Should the landlord sell the property without first offering it to you as tenant then you can have the sale stopped and buy the property yourself at the market value agreed by the previous prospective buyers. 

Whatever you decide to do check everything out first.  When renting you need to find out whether the community charge - if there is one - is your responsibility or that of the landlord and of course how much extra it would be on top of the rental price. Almost every apartment will have a community charge and sometimes when renting villas the tenant will be responsible for the yearly tax for waste removal etc. a little like a community charge.  Make sure that the responsibility for all extra charges is decided before signing rental contracts.  

 Other than that and you have made your decision to come and invest in this beautiful island may we offer you a very warm welcome to the 'Island of Calm'.