If you have decided to buy a house in Mallorca, it’s important to pay attention to several key aspects to ensure everything goes well.
One of the first aspects to consider is the issue of savings. Although you may need to apply for a mortgage, it is advisable to have saved approximately 30% of the property’s price, besides meeting the optimal conditions for the bank to grant you the mortgage, such as job stability.
Another point to consider is the time. Buying a property requires investing time in searching, viewing, and paperwork. It’s important to dedicate time and effort to find the ideal house and ensure the documentation is in order to avoid delays or future issues.
Last but not least is the documentation. It’s important to have ready documents like the property’s simple note and a valid ID or residence card to carry out the transaction efficiently and without hitches.