If you’re thinking about purchasing or renting a property in Ibiza as a foreign resident of another country within the European Union or further abroad then it’s essential to research and understand that both the legalisation and roles of professionals are more than likely to be different than those of your home country. Therefore it’s […]Continue reading

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Many mortgage holders in Mallorca, Menorca and Ibiza are looking for an improvement in the terms and conditions of their mortgage agreement. In most cases, a smaller monthly payment is considered the main objective of such investigations. To achieve this objective, there are several different operations that can be carried out: novation, subrogation and cancellation […]Continue reading

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Unfortunately the economic crisis caused by COVID-19 has affected the mortgage sector in Mallorca, Menorca & Ibiza. Although the Spanish banking sector assures that the granting of mortgages has not stopped, it recognizes that the number of applications has decreased. Mortgage industry sources say that because of the current situation some consumers are postponing purchase […]Continue reading

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Due to the difficulty in accessing credit alongside the current economic and employment situation in Mallorca, Menorca & Ibiza, many people who were thinking of buying a property end up living on rent. For many of them, renting with an option to buy is an increasingly common solution, since it allows them to invest the […]Continue reading

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