Buying a property or carrying out a construction project in Mallorca is an exciting but also challenging journey. From legal requirements to financing options, there are many aspects to consider. To give you a clear overview, we have compiled the most frequently asked questions about Buying property, Project management & construction support, Renovation & new construction as well as Construction financing compiled.
1. What do I need to consider when buying a property in Mallorca?
The purchasing process in Mallorca differs from that in Germany. Legal details such as land registry entries, building permits and taxes in particular must be checked. A local partner is essential here to minimize risks and make the process run smoothly.
2. Why is professional project management important for construction projects in Mallorca?
Project management plays a crucial role in implementing construction projects on time, within budget and to the desired quality standards. For construction projects abroad, it is particularly important to have an experienced contact person on site who understands the processes and local peculiarities.
3. What is the difference between renovation and new construction?
Refurbishments involve existing buildings being modernized or renovated, while new builds are built on empty lots to suit individual requirements. Both approaches offer specific benefits that depend on the buyer's needs and the condition of the property.
4. How do I finance a property or construction project in Mallorca?
Financing a real estate project on Mallorca can be done through Spanish or German banks. There are many different options, from classic construction financing to special loans for holiday properties. We will help you find the best financing solution for your project.
5. How long does a renovation or new construction project take in Mallorca?
The duration of a project varies depending on the scope. A major renovation can take several months, while new builds usually take 9 to 18 months. Clear planning and an experienced construction team on site ensure that the project is carried out as efficiently as possible.
6. What are the advantages of professional construction management on Mallorca?
Construction supervision monitors the execution of construction work, coordinates the parties involved and ensures that all work is carried out according to plan and regulations. This reduces the risk of construction errors and delays, especially in projects managed from abroad.
We hope that we have been able to give you an initial overview with these questions and answers. If you would like to delve deeper into one of the topics or need support with your real estate project on Mallorca, we are happy to help you. Our years of experience on the island will help you make your dream home a reality - whether it is a new build, renovation or the purchase of a property.