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Purchasing a property

Posted: Wed Sep 8, 2021 10:54pm
1 reply50 views3 members subscribed

Posts: 7

1 helpful points

Location: Son Parc

Joined: 31 Jan 2021

Hi, I have just had an offer accepted on a property in Son Parc.We are flying out to have a viewing and to make the agreement.  Can i get some advice on what happens next e.g i need to get a spanish tax code , we are not going to be living their its a holiday home , and also advice on a bank account is this needed or can i just transfer from our UK account .Any other advice or tips would be appreciated.

Also when lookin gat reviews on Son Parc town shops resturants  etc, it states that its got quite run down ?? is this the case the reviews was 4 years old so if they are saying run down then, is it worse now or maybe improved or is it a case that is just not true and isnt run down.  of course we will see for ourselves but would be nice to get opions  from people that are living there thank you 


Posted: Wed Sep 15, 2021 10:11am

Posts: 10

1 helpful points

Location: Mahón

Joined: 31 Dec 2018

Posted: Wed Sep 15, 2021 10:11am

It would be best if you opened a Spanish bank account. Banca March are quite good. They have a branch in Mahon. You will also need an NIE number before you do anything else. Probably wise to speak to an English speaking advisor/solicitor.

As to Son Parc it is quite run down with many bars and shops closed down. This was true even before the Covid pandemic. I have also heard that more building works will be carried out there soon. 

I would advise having a good look round yourself when you go over.  Good luck.

If you need the name of a financial adviser and help with the purchase of a property I can recommend someone to you.

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