Mallorca, the jewel of the Mediterranean, is one of the most exclusive destinations for those seeking a holiday retreat. Buying a home on this island guarantees not only a place to get away from it all, but also access to a unique Mediterranean lifestyle. In this guide from Smarthome, we will take you through the process of buying a property in Mallorca, from the ideal location to the legal aspects, all backed up by our experience in the luxury property market in Palma.

When selling a primary residence in Spain, the profit obtained generally must be declared in the Personal Income Tax (IRPF). However, there is a reinvestment exemption that allows taxpayers to save associated taxes if they allocate the amount obtained to the purchase of another primary residence. Let's explore some key aspects related to this exemption, especially in the context of financing through a mortgage.

Every step is crucial in the home-buying process. From assessing your economic and personal situation to determining the necessary savings and understanding the taxes associated with the purchase, reaching the essential requirements for mortgage approval. Discover how to make the acquisition of your home a solid and successful financial experience.

Finding the ideal home is an emotional and analytical process. The first visit to a property is a pivotal moment where every detail can mean the difference between viewing it as just another option or as the place where you plan to build your life. In this blog, we provide a practical guide to the most important aspects to consider during that initial viewing. At Smarthome, a real estate boutique located in Paseo del Borne in Palma, we support our clients throughout this process, as we recognise that a strong foundation is essential for making the right decision.

Buying a home is a major milestone, and to navigate this process with confidence, it is crucial to understand the documentation involved. From inception to review of the earnest money contract, every step counts. In this guide, we break down the 10 key categories you should be aware of to ensure an informed and successful home purchase.

At Smarthome we offer a tailormade service for individuals and investors looking for impeccable service, expert advice and highquality properties. We believe that the basis of an excellent relationship is clear, direct and honest communication. That is why we continue to work with many of the clients we have had from the beginning.