Here are 5 important rules for selling property in Mallorca that can help you to sell legally safely and successfully:
1. only work with reputable brokers
There are many estate agents in Mallorca – but not all of them are professional:
- Look out for registered brokers with a good reputation, such as “The Sun of Mallorca S.L.”
- Demand clear brokerage contracts (exclusivity, commission, term should be clarified in them)
2. legal certainty through complete documentation
Work with us to ensure that all documents are complete and correct:
- Escritura (title deed)
- Cadastral extract (Referencia Catastral)
- Energy certificate (Certificado de Eficiencia Energética – mandatory!)
- Certificate of habitability (Cédula de habitabilidad)
- Land register extract (nota simple)
- Current property tax payments and garbage fees (IBI, Basura)
3. market-driven price is crucial
A realistic sales price is the key:
- Let us carry out a professional real estate valuation as your trusted real estate agent
- Consider location, features, condition and current market trends
- Unrealistic price expectations often lead to long sales times
3. clarify tax aspects (before the sale!)
Sellers (including non-residents) are subject to tax obligations:
- Plusvalía Municipal (municipal capital gains tax, which by law must always be paid by the seller)
- Capital gains tax (19% for non-residents)
- Retention: 3 % “Retención” of the sales price will be retained by the buyer if the seller is not a “tax resident” in Spain
→ Tip: Seek advice from a Spanish tax consultant if you have any questions.
4. professionally prepare the purchase contract & notary appointment
- The preliminary contract (Contrato de Arras or option contract) should be legally checked
- The notary appointment requires:
- Valid NIE number
- Proof of identity
- Clarification of outstanding charges (mortgages etc.)
- The documents mentioned under point 2, further documents if necessary
- Payment is usually made by bank-confirmed check or, in the meantime, mostly via the notary’s trust account.
Selling real estate in Mallorca is a matter of trust and we will guide you safely and reliably through this process!
