Mallorca Yachts and Property
Firstly, we highly value relationships with both our clients and partners. We take a fully transparent approach with both the source and the investor. Therefore we earn the trust of both parties and show equal value to both parties. Furthermore, we earn long-term relationships with vendors and clients.
Investing in Mallorca can be very lucrative, as a result we are seeing a boom in investment right now. So, we do recommend taking advantage of the opportunity. However, you still must do your due diligence and research can be complex to navigate. So, you must have specialist support.
- Regulatory requirements can stop you in your tracks and differ in every urbanisation
- Licencing laws in Mallorca must be researched. This is particularly relevant to investment in rental licencing in Mallorca regulations have become very restrictive in many parts of the island.
- We touch on more considerations below but specialist support, will ensure you make the best choices at each step.
We have access to a vast range of opportunities and display a small selection here. This is because a lot of the information we source is sensitive. So we offer FREE personal and confidential sourcing services. These can be initiated via our enquiry form or contact page accordingly.
To maximise R.O.I. on completion, we also work with a network of homegrown specialists. We work with tenured local architects, lawyers, surveyors, finance houses and construction companies. Therefore ensuring the most tangible sources of critical intelligence and skills. For example, this ensures the best understanding of all regulatory requirements and processes.
So, If you have not yet employed specialists, we will of course introduce you respectively. The specialists you employ not only need the skills, but most importantly, you need to feel comfortable with them.
A plot without construction is the best base for creating any kind of ideal property you may have in mind, because it assures us that no matter what you build it will have been your own creation. Check out plots we have for sale here and also use our enquiry form or contact us for FREE confidential sourcing services.
Buying a plot in Mallorca to build a new house is an exciting proposition right now as the market is on the up. However, rules and regulations here are not to be ignored. We will ensure you get all the information required to invest safely. For example if you are looking to buy to let it is crucial that you know the licencing laws in that specific area. Likewise has the plot been licenced to build and if not how long is it likely to take to get a licence.
Avoid spiralling costs
So, to avoid spiralling costs set your maximum budget now and when reviewing land don’t forget to account for any additional costs you may uncover. So seek:
- Topographic surveys
- Geotechnical reports should be reviewed by your construction engineer to check the foundations, consistency of the soil / rock, gradient (if on a slope) . This is your opportunity to avoid cost prohibitive issues post investment.
- The plots ‘catastro’ (Land register)
Regulatory requirements, conditions and limitations of the area you are looking to invest in e.g.
- Minimum distance between buildings
- Obstruction of views available to other properties
- Building restrictions on land of historic importance
- Licencing laws in Mallorca specific to that urbanisation
Your architect and lawyer will be able to give you all the necessary support you require.
Understand the background of the land or property and its previous ownership for various reasons including checking taxes paid as the property can’t be transferred if their outstanding property tax.
Facilities and utilities.
- Utility services:
- Electricity power supply
- Water mains
- telecoms connectivity
- 3g/4g reception
- Road network
The network of skills we employ for your project have generations of history in Mallorca and tenured experience. Therefore we can ensure the most secure investments available.
Buying a new development property in Mallorca offers many advantages. It is a straight forward process, saving you time and money, and often with a soft payment structure. All if not many of the checks referred to above should have been completed. This will save you money but also a lot of time.
Many times you can also buy it off-plan which gives the ability to customise fittings and appliances of your new home.
Below we include a small selection of examples however, the best results are achieved through consultation. Also, a lot of the intelligence we receive is sensitive and fast moving. So for FREE personal and confidential sourcing services do take advantage of our enquiry form or contact us.
Reconstruction and renovation
Mallorca is dotted with property that could be restored in to beautiful properties. There are still prime plots left for construction. As a result there is a boom in investment, so these opportunities are fast moving. However, just as we mentioned at the start, do not make rushed decisions and risk making mistakes. Due diligence is critical, it is better to risk losing an investment than make an uninformed high-risk investment.
There is a long list of checks that may be needed. So, as highlighted above, consider your budget now and with advice from your architect you can check that with the additional requirements the complete investment is within budget. Your architect, lawyer and construction consultant can help with all of this. So due diligence at this stage will prevent any surprises later that could result in costs spiralling over and above your budget.
Licencing laws in Mallorca as per each urbanisation
For example if the building is considered to be in a rustic area, local regulations may actually restrict you from building there, in which case renovations will require a special licence / permit from the local town hall. Licencing laws in Mallorca differ for each municipality, so don’t assume the regulations will be the same from one location to another.
The permit required is also affected by the size of the property and the plot it sits on.
In rustic areas, you need both regional and local authority approval. You will need the help of an architect to prepare a formal assessment.
Then there is ETV rental licencing in Mallorca if you intend to rent the property. Rental licencing in Mallorca is a hot topic right now as many urbanisations are refusing new applications. So either ensure the property comes with an ETV licence or that the urbanisation you are investing in is allowing rental licencing in Mallorca and under what terms.
You must also check access to utilities
- Mains water
- Telecoms connectivity
In addition for your own due diligence it is worth researching the local
- Road network
- Shops restaurants etc
- Public transport
- 3g/4g reception
- Distance to the sea (If of interest)
Understand the history of the building, if there are structural issues, why ? ensure you get a structural survey to ensure this is restorable within budget.
Your architect is of paramount importance to complete all of this due diligence and to gain the required licences. We can offer the most tenured teams on the island if you would like advice. Of course skills and tenure are important but its also important you feel comfortable with your architect, so you will of course have the opportunity to interview our recommended architect before proceeding with them.
Before investing, consider your budget and most importantly allow for the potential costs you uncover with the help of your architect and construction consultant. So due diligence at this stage will prevent any surprises later that could result in costs spiralling over and above your budget.
Hotel investment in Mallorca
This is an area we are significantly passionate about. Mallorca is home to the hotel biggest chains in the world as well as hundreds of privately owned hotels. Researching an investment can be complex so we leverage the knowledge of consultants who specialise solely in commercial projects like this.
We specialise in hotel investments in the Balearics and internationally. Our portfolio includes Hotels:
- requiring restoration
- in debt with need of new management
- with licenced plots
- Profitable ongoing concerns
- And more
We don’t share much information about these investments on our site due to the sensitive nature of the information. Complete our enquiry form, or contact us in order for us to give you the best advice and present the best fitting opportunities
Mallorca offers a lifestyle dreamed of by many. If your dream includes you being in control of your own destiny by running your own business, we offer a selection of opportunities here. We only include a small selection here, so again contact us to discuss your requirements.