ANDERSON WEST | Mallorca property Advice

There is a nice quote about life by Ray Bradbury that reads as follows – 

“Living at risk is jumping off the cliff and building your wings on the way down.”

Before you move forward on a property in Mallorca, ask yourself: “Would it be beneficial for me to receive impartial advice on the property?”

Some questions to guide that reflection:

• How is the neighborhood? Mallorca’s different regions offer vastly different experiences, from bustling tourist areas to quiet rural locations. It’s important to understand the area’s potential for both personal enjoyment and long-term value.

• Are property values expected to grow in this area? The market in Mallorca is influenced by local and international trends, so understanding whether property prices are set to rise—or whether the area is overvalued—is crucial for making a sound investment.

• Is the property in a safe legal standing? Spain has unique property laws, and Mallorca is no exception. Ensure the property has clear legal titles, proper permits, and no hidden complications (such as building violations or unresolved debts).

• Is this the best investment for me? Think beyond the initial purchase. Consider all costs, including maintenance, taxes, and any renovations that might be required. Mallorca’s idyllic properties can sometimes come with hidden expenses.