Real Estates Services
HERRLIN REAL ESTATE offers professional and personalized real estate services through Residence Christie's International Real Estate. We assist you with everything from sales, valuation, and advisory services. Through our network within Christie's, we also facilitate property purchases and sales in Mallorca.
Sales in Sweden
When You Expect More
Discreet, seamless transactions with a focus on quality and the highest level of service from experienced and skilled real estate agents. Agents who not only know the value of your property but often also know who is looking for exactly that home.
Our extensive database of high-net-worth buyers—both locally and internationally—combined with our sophisticated marketing strategy ensures the best possible conditions when selling your property. We would love to tell you more about how we work to create successful, long-term real estate transactions.
We warmly welcome you to get in touch!
Sales in Spain, Mallorca
Dreaming of a Home in the Sun? We Guide You Every Step of the Way!
You are not alone. More and more Swedes are choosing to invest in a property abroad – a place to enjoy vacations, create memories, or perhaps start a new chapter in life as a permanent resident.
Buying a home in another country is an exciting journey, but it differs significantly from the process in Sweden. Every country has its own laws, tax regulations, and administrative processes, and navigating a new language and culture can be a challenge.
We are here to make your real estate transaction as smooth and secure as possible!
Why Hire a Buyer's Agent?
In many countries, especially in the Mediterranean region, the real estate market operates differently than in Sweden. One major difference is that the roles of the seller's and buyer's agents are separate, and it is common for the buyer to hire their own agent – at no extra cost! The seller usually covers the agent's fee, and the buyer's agent shares the commission with the seller's agent.
Many believe it is cheaper to go directly to a local agent, but hiring a Swedish buyer's agent gives you several advantages:
✔ Free assistance – you don't pay anything extra.
✔ Expertise in local laws, taxes, and processes.
✔ Access to our broad network of local experts and legal representatives.
✔ Security and smooth communication in Swedish.
Common Mistakes When Buying Property Abroad – and How to Avoid Them
1. Not Thinking Through How the Property Will Be Used
Is your goal to have a vacation home, or do you plan to live there permanently? This affects both the choice of location and practical considerations, such as rental regulations. In Mallorca, for example, specific permits and licenses are required for renting out your property. We guide you through the process!
2. Not Researching the Area Properly
An area that is perfect in the summer may not be as appealing during the off-season. We always recommend visiting the location at different times of the year to get a complete picture.
3. Overlooking Transportation and Essential Services
Even if you primarily plan to use the property for vacations, you may need to travel there year-round. Check flight and transportation options! Also, proximity to pharmacies and healthcare facilities is important – you never know when you might need them.
Tips for Buying Property Abroad:
✔ Hire a Swedish buyer's agent you trust. It costs nothing extra since they share the commission with the local seller's agent.
✔ Prioritize your needs. Make a list of what is absolutely necessary and what is "nice to have."
✔ Check the proximity to essential services such as healthcare and ensure that transportation options work well throughout the year.
Common Pitfalls When Buying Property in Mallorca – and How to Avoid Them
Buying a home in Mallorca is a fantastic investment – but it's crucial to pay attention to details to avoid unnecessary problems. Here are five common pitfalls buyers should be aware of:
1. Illegal Renovations
Renovations or extensions done without permits can cause major issues. As the new owner, you could be held responsible for any fines or, in the worst case, required to demolish parts of the property before making future renovations.We help you verify that everything is in order before you buy.
2. Incorrect Information in Listings
Property listings do not always match reality. Discrepancies in square footage and whether terraces are included in the living space are common. We ensure you receive accurate extracts from the property registry so you have all the facts.
3. Missing Habitation Certificate (Cedula de Habitabilidad)
It is essential that all necessary documents are in place. Without a habitation certificate, you may not be able to connect electricity, gas, or water. We make sure all documentation is in order so you don't encounter unexpected obstacles.
4. Building Permits and Future Modifications
Just because a neighbor has built a pool or terrace doesn't mean you automatically have the right to do the same. Every property has specific regulations, and permits from the local authorities may be required. We help you investigate what applies to your specific property.
5. Signing Contracts Without a Lawyer
Signing a contract or paying a deposit without legal advice can be a costly mistake. There is always a risk of committing to a deal with hidden problems. We collaborate with experienced lawyers who ensure everything is handled correctly.
How Does Buying Property in Mallorca Work?
1. Preparations
Which Area Should I Choose?
Mallorca is a diverse island with everything from bustling coastal towns to tranquil villages. To find your dream location, we recommend visiting different areas and experiencing the island in different seasons. We are happy to share our top tips and hidden gems!
How Should I Finance My Property Purchase?
We always recommend exploring loan options in your home country, as they often offer better terms. This also allows you to act quickly when the right property appears. We also have banking partners in Spain who can assist with financing.
2. The Buying Process – Step by Step
What Is an Option Agreement?
Once you find the right property, we negotiate the best terms for you. Then, an option agreement is signed, and a deposit of around 10% is paid. Since properties are often listed with multiple agents, the option agreement ensures the property is reserved while legal and financial checks are completed.
The contract includes:
✔ Price and what is included in the purchase (e.g., furniture)
✔ A set closing date, usually 4–6 weeks after signing
If you decide not to proceed with the purchase, the deposit is forfeited. If the seller backs out, they must refund your deposit plus a penalty equal to the deposit amount.
Do I Need a Lawyer?
It's not required, but we highly recommend it. An experienced lawyer ensures all legal aspects are in order and helps with:
✅ Drafting the option agreement
✅ Handling the NIE application (Spanish tax ID)
✅ Ensuring there are no hidden debts or legal issues with the property
✅ Managing deposit and final payment transfers
✅ Attending the closing and interpreting the contract
How Does the Closing Process Work?
On the closing day, the buyer and seller meet at a Notary Public, where the deed is signed, final payment is made, and keys are handed over. A final inspection of the property is done the day before.
The notary registers the purchase in the property registry, and about three months later, you receive the deed listing you as the new owner.
3. Taxes and Fees – What Does Buying Property in Mallorca Cost?
In addition to the purchase price, expect to pay around 10–15% in taxes and fees.
✔ ITP (Transfer Tax): 8–13% on resale properties
✔ VAT (IVA): 10% on new-build properties
✔ Notary & Property Registration Fees: Around 1%
✔ Legal Fees: Around 1%
Annual Fees:
✔ Property Tax (IBI): 0.4–1.1% of the assessed value
✔ Waste Collection Fee: Around €200 per year
✔ Ongoing costs: Electricity, gas, water, internet, and community fees – expect around €300–400 per month for an apartment.
Wealth Tax:
Mallorca has a progressive wealth tax of 0.28–3.5%. A tax-free allowance of €3 million applies for both residents and non-residents. We help you find strategies to minimize taxes.
We Guide You Every Step of the Way!
Buying a home in Mallorca is a fantastic opportunity – and with the right guidance, the process can be both smooth and secure.
📞 Contact us today for a free consultation!
🌟 Ulrika Herrlin – +46 70 971 34 02
🌟 Marcus Herrlin – +46 70 971 34 01