We assess your property based on comparable sales, current market conditions, location, specification, buyer demand and unique selling points.
Sales timelines vary depending on price point, location, market conditions and presentation. We provide honest guidance based on current demand. Most sales in Mallorca can be down within 3 months providing that all parties are motivated and all legalities are straightforward.
Seller costs may include agency fees, legal fees, mortgage cancellation costs, Plusvalía Municipal (municipal land value tax) and Capital Gains Tax where applicable. We advise that you have 10-12% put aside in addition to your purchase price to cover taxes and fees.
Capital Gains Tax is payable on the profit made from the sale of a property, subject to residency status and allowable deductions. Non-resident sellers are also subject to a mandatory buyer retention at completion, which is credited against final tax liability.
Plusvalía Municipal is a local tax levied by the municipality on the increase in the cadastral value of the land during the period of ownership.
We can advise sellers on presentation, styling, repairs and improvements to maximise appeal and achieve the strongest possible sale price. We can also create a comprehensive marketing package for your property with photos, videos and drone footage plus social media walk throughs and additional marking portals. This can be discussed after your valuation. Most properties in the luxury and ultra luxury end of the market will benefit from this type of marketing investment.
Because we provide a bespoke, high-service approach with strategic marketing, international reach, expert negotiation and full transaction management from valuation to completion. We have over 30 years experience buying and selling properties in Mallorca and have enormous local knowledge and an expansive global networks of clients.
Whether buying or selling in Mallorca, Lifestyle Properties is your trusted partner for every step of the journey.