Expert Info

Posted by
on 6 Jun 2020

Hi. I am new here.

I am looking to possibly buy a little one-bedroom apartment in Mallorca within the next year. Just looking for as much information as I can find.

Does anyone have info on mortgages, taxes, electricity, water, gas costs on average, and anything/anyone that I would need to pay each month?

Thanks a lot for your help

Paul

Anonymous (not verified) on 8 Jun 2020 - 08:38

Hi Paul!

Mallorca will be a beautiful place to buy a new home! Our guides don't give specific info on buying an apartment in Mallorca, but you can look at our Accommodation in Spain for some tips, as well as the Cost of Living in Spain to get an idea of utilities costs – these are based on Madrid, but you can check out sites like Numbeo and Expatistan for cost of living info on Mallorca specifically and compare it to your home city. Where are you from and have you been to Mallorca before? I also recommend you read through Banking, Money and Taxes in Spain.

When buying a home it's useful to go through a real estate agent as well as a lawyer with specific knowledge in Spanish property law and a grasp of the Spanish language, as contracts may need to be signed in Spanish.

Have you checked out our Expat Arrivals Moving to Mallorca guide? It gives some general info on getting around, importing a car and the lifestyle on the island.

Hope this helps? Maybe someone else on the forum has more advice to give!

Good luck!

Expat Health Insurance

Cigna Health Insurance

Cigna Global Health Insurance. 20% off premiums booked before 31st March

Medical insurance specifically designed for expats. With Cigna, you won't have to rely on foreign public health care systems, which may not meet your needs. Cigna allows you to speak to a doctor on demand, for consultations or instant advice, wherever you are in the world. They also offer full cancer care across all levels of cover, and settle the cost of treatments directly with the provider.

Get a quote from Cigna Global - 20% off

Moving Internationally?

Sirelo logo

International Movers. Get Quotes. Compare Prices.

Sirelo has a network of more than 500 international removal companies that can move your furniture and possessions to your new home. By filling in a form, you’ll get up to 5 quotes from recommended movers. This service is free of charge and will help you select an international moving company that suits your needs and budget.

Get your free no-obligation quotes from select removal companies now!