ONLY MALLORCA
- YOUR TRUSTED PARTNER IN MALLORCA
- REAL ESTATE IN PUERTO ANDRATX SINCE 2012
- 5***** SATISFIED CUSTOMERS
Meet Alex Schmitz from Only Mallorca
We are here for you!
The Only Mallorca team combines local expertise with a fresh, personal approach to luxury real estate.
Based in Puerto Andratx, they connect clients with Mallorca’s most stunning properties while delivering tailored advice and top-notch service.
With decades of experience and a dynamic portfolio, they make buying or selling smooth, efficient, and enjoyable!
WHO WE ARE
Only Mallorca is recognized by everyone – clients, developers, vendors, and industry professionals – for her unique talents, creative drive, and diligence in assisting buyers and sellers in one of the most scenic and fulfilling places.
OUR VISION
Only Mallorca connects clients with Mallorca’s most exclusive properties. Based in Puerto Andratx, they bring unmatched local expertise and a fresh, innovative approach to luxury real estate.
OUR MISSION
Only Mallorca matches buyers with dream homes through sharp market knowledge and cutting-edge marketing. Their focus? Making every sale smooth and successful.
OUR VALUES
Integrity, transparency, and trust. Only Mallorca builds lasting relationships by delivering honest advice and a personalized touch to every client.
OUR RESOURCES
From stunning photography to advanced SEO and a strong local network, Only Mallorca makes sure every property stands out and finds the right buyer.
TESTIMONIALS
FREQUENTLY ASKED QUESTIONS
Have questions about buying or selling property in Mallorca? Explore our FAQ section for quick and clear answers to help guide you through the process.
When purchasing property in Mallorca, buyers should expect the following taxes and fees:
- Transfer Tax (ITP): Typically 8-13% for resale properties, depending on the purchase price.
- VAT (IVA): 10% for new builds.
- Stamp Duty (AJD): 1.2% for new builds.
- Notary and Land Registry Fees: Usually 1-2% of the purchase price.
- Legal and Agency Fees: Vary but are typically 1-3%.
Ensure you factor in these costs to your budget when buying.
While not legally required, hiring a lawyer is highly recommended to ensure a smooth transaction.
A lawyer will conduct due diligence, verify the property’s legal status, check for debts or encumbrances, and ensure all contracts are in your best interest.
They will also assist with the necessary documentation and liaise with notaries and tax authorities.
Before purchasing property in Mallorca, consider the following:
- Purpose of the Property: Are you buying as a holiday home, a permanent residence, or an investment?
- Location: Choose an area that matches your lifestyle preferences, such as vibrant city life in Palma or tranquil countryside in the island’s interior.
- Budget: Account for the purchase price and additional costs, such as taxes, legal fees, and potential renovation expenses.
- Property Condition: Conduct thorough inspections, especially for older properties, to assess any structural issues or necessary repairs.
- Legal Status: Ensure the property is free of encumbrances or outstanding debts by consulting a lawyer.
- Rental Opportunities: If planning to rent, check local regulations as some areas have restrictions on holiday rentals.
Thorough research and professional advice will ensure you make an informed decision.
Yes, foreigners can buy property in Mallorca without restrictions. The process is straightforward and open to buyers from both EU and non-EU countries.
However, non-EU buyers may need to apply for a Foreign Identification Number (NIE) for tax and legal purposes, which is required to complete the purchase.
The timeline for buying property in Mallorca varies:
- Reservation Agreement: Typically signed within a few days to reserve the property.
- Private Purchase Contract (PPC): Signed after legal checks, usually within 2-4 weeks.
- Completion at Notary: Takes place 4-8 weeks after the PPC, when the title deed is signed, and the keys are handed over.
Planning ahead and ensuring all documents are in order can help expedite the process.
Spanish banks offer mortgages to non-residents, typically financing up to 60-70% of the property’s value. Interest rates are competitive, and fixed or variable options are available.
You will need to provide documentation such as proof of income, credit history, and the NIE. Consulting with a local mortgage broker can simplify the process.