The importance of early legal advice for builders in Mallorca is particularly important. Even before buying a plot of land and starting construction, potential homeowners should consult a local lawyer. This way, legal pitfalls can be avoided, especially if contracts are written in a foreign language. A thorough check of all documents is also strongly recommended.
The European Central Bank (ECB) has lowered its key interest rate by 0.25 percentage points to 4.25 percent. This first interest rate cut since 2019 makes loans cheaper. This is particularly attractive for property buyers. Due to potentially lower loan costs, the interest rate cut can make buying property considerably easier. Particularly in an environment of rising property prices, this...
Building acceptance is a crucial step for private building owners - it signals that the building has been completed. However, experience shows that hardly any new builds are accepted without defects. For this reason, the Association of Private Building Owners (VPB) recommends that independent experts be consulted during the acceptance process in order to identify possible defects. A formal building inspection is advisable and should...
Compare listings
Compare