NEW LAW REGULARISATION PROPERTIES

New law for the regularisation of properties on rural land in the Balearic Islands.Which properties are affected by the new regulations?The decree-law foresees that all constructions located on rural land and built without complying with the urban planning regulations, which have been built a maximum of 8 years before the entry into force of the new regulation, can benefit from this extraordinary legalisation regime.However, there are some special cases:- If the constructions are located on protected rural land, those built before the entry into force of the Land Use and Planning Act of 29 May 2014 will be eligible for this measure.- In the case of buildings located on land included in the s...
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LEGAL ISSUES WHEN BUYING A PROPERTY IN MALLORCA

Legal issues when buying a property on Mallorca; As a first-time property buyer on Mallorca, you may be surprised by how different the legal process is in Spain compared to your home country. Once you have decided that you want to go ahead with a property purchase on Mallorca.1. Formal offer - An ‘option contract’ is the first step and usually requires you to pay 10% of the full purchase price in advance and commits both buyer and vendor to the sale.  2. Paperwork - An NIE tax number must be held by an overseas purchaser to buy a house, car or many other things. You will also need to provide certified copies of identification – usually your passport.3. Finance - If you are not a cash...
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