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Buy To Let In Mallorca - Advice & Administration

Before buying anything it is extremely important that the general location should have been visited on a few occasions since there is no substitute for first-hand knowledge. Consider whether the property is served by an adequate infrastructure, such as airport, roads, utility supplies, shops and medical facilities. In Mallorca of course none of these things are generally a problem, as on an Island you are never very far away from anything.

Should the property be a villa, chalet or apartment?  Should it be coastal or inland, in a busy location or secluded?  Consider the amount of personal occupancy and what happens to the property when not lived in ( Mallorca Property Management can help here ).

What is the attraction of the property in the eyes of the tenant? Is there a tenant market for the property? What funding is required? Can the property be bought for cash? If not it may be appropriate to take out a loan.

Remember that before you buy any property or carry out any fiscal business or administration in Mallorca or Spain, you need your NIE number, this is a personal identification number assigned to only you. Once you have your number you can then open a normal bank account, get a contract for your Spanish mobile phone, get utilities connected, buy your property, car  etc., etc. All of which we can help you with if necessary. Please contact us for more information and our charges using the form on this page.

Property Management Mallorca