Real Estate Agency for Renovation Properties in Palma de Mallorca
Properties For Sale Below
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Properties For Sale Below ▼
Myorca Properties – the real estate agency with a focus:
Selling houses and apartments to renovate
In Palma de Mallorca and surroundings
Your benefits when buying property in Mallorca with us:
Every listing comes with a professional renovation plan – including digital previews, an optimised layout and detailed information.
Solid advice – we know each house and apartment inside out.
Proven expertise – our in-house architect has renovated around 250 properties since 1997.
We can manage the renovation for you – turnkey within a few months.
Property purchase and renovation under one roof
Simple, safe and swift. Find your ideal property in Mallorca, and let us tailor it to your needs.
Save around 20% on your future home
Buying a ready-renovated property from a developer typically costs around 20% more. Why?
The developer’s profit margin
Double real estate agency fees and purchase costs, as the property is sold twice
When you buy and renovate with Myorca Properties, these mark-ups disappear. The savings are substantial, as our example calculation shows.
Houses & apartments for sale
For sale: Historic palace with magnificent courtyard & terraces
Old Town of Palma de Mallorca
Price: €4,620,000
Approx. 736 m² + 146 m² terraces • 6 Bedrooms • 6 Bathrooms • Lift • Parking
For sale: Bright apartment with terrace 200 metres from the beach
Ciudad Jardín, Palma de Mallorca
Price: €655,000
Approx. 95 m² + 14 m² terrace • 3 Bedrooms • 1 Bathroom • Lift • Parking optional
For sale: Bright apartment near the beach (terrace, lift, parking, pool)
Cala Major, Palma de Mallorca
Price: €475,000
Approx. 93 m² + 10 m² terrace • 2 Bedrooms • 2 Bathrooms • Lift • Parking space • Communal pool
For sale: Spacious penthouse with sea & cathedral views
Calatrava, Old Town of Palma de Mallorca
Price: €695,000
Approx. 113 m² • 2 Bedrooms • 1 Bathroom • Communal terrace
FAQ – Frequently Asked Questions about buying property in Mallorca
Buying property with Myorca Properties
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Myorca Properties – a real estate agency in Palma de Mallorca with a focus:
Selling houses and apartments for renovation
In Palma de Mallorca and the surrounding area
Each property for sale comes with a professional renovation plan from our in-house architect.
Your benefits of buying a house or apartment with Myorca Properties:
1. An X-ray of each property
Our architect has 30 years' experience in property renovation. He personally inspects every property and prepares a full renovation plan, including:
Current floor plan (load-bearing walls, pipes, etc.)
New floor plan with an optimised layout
A 3D virtual tour of the renovated property
A breakdown of renovation costs
All of this is ready before your viewing. We know each property inside out and give you expert advice before you buy.
This lets you make a well-informed decision when buying property in Mallorca.
2. Purchase and renovation under one roof
After the purchase, we can manage the full renovation and hand over your new home in Mallorca turnkey within a few months – hassle-free and virtually on autopilot.
We usually finalise the renovation plans before the notarial signing, so construction work can start as soon as you become the owner.
Myorca Properties guides you from finding the right property in Mallorca to moving in.
3. Save around 20% on your property purchase in Mallorca
Buying a ready-renovated property from a developer typically costs around 20% more. Why?
The developer’s profit margin
Double real estate agency fees and purchase costs, as the property is sold twice
When you buy and renovate with Myorca Properties, these mark-ups disappear. This can save you six-figure sums.
4. A home tailored to you
Buying a finished apartment means taking it as it is – even if it’s not quite right for you.
When you buy and renovate with Myorca Properties, you define the result. A bathtub instead of a shower? Storage for bicycles? – We make it happen.
5. Properties that would otherwise be out of reach
Many properties for sale in Mallorca need renovation. If you rule them out, you may miss attractive prices and prime locations – older houses are often on the best plots.
We give you access to houses and apartments in Mallorca that others overlook.
6. Experienced experts
Myorca Properties combines property buying and renovation within a single company – something few real estate agents in Mallorca can offer.
With us, you get precise answers – while other estate agents can barely tell a load-bearing wall from a non-load-bearing one.
At Myorca Properties, you always deal directly with the founders.
7. Access to an extensive network
We've lived and worked in Mallorca for many years. Whatever challenge you're facing, we know the right professionals:
Trusted lawyers who speak your native language
Mortgage specialists, on request, to help you find suitable financing
Insurance agents, doctors, yoga coaches, and more
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As a real estate agency in Mallorca, Myorca Properties specialises in apartments and houses that need renovation.
We handle only a select portfolio of properties. The key criteria are:
Attractive location
Clear legal status
Solid building structure
The potential for a fast renovation
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As a real estate agency, our geographical focus is Palma de Mallorca and the south-west of the island.
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Alex Goerke, responsible for Portfolio & Sales, has been a real estate agent in Mallorca since 2014, including ten years with a well-known international estate agency.
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We speak English, Spanish, German, Italian and French.
Buying property in Mallorca through an estate agent
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A good real estate agent in Mallorca:
Usually shows you several suitable properties, not just one.
Lets you view several properties in one go.
Informs you immediately about new listings.
Knows the scope for negotiation, local prices and the area (e.g. schools and transport).
Is experienced in price negotiations.
As an impartial party, can help get stalled negotiations moving again.
Coordinates the notary appointment and makes sure all documents are in place.
Overcomes language barriers – particularly important when dealing with the seller.
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Standard market practice in Mallorca is that the seller pays the agency commission in full.
Generally, the quoted sale price includes the agency commission – so buyers do not usually have any additional estate agency costs.
General questions about buying property in Mallorca
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Yes. In principle, anyone can buy a house or apartment in Mallorca – EU citizens and non-EU buyers alike.
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Spanish banks offer some of the lowest interest rates in the eurozone.
Favourable mortgages are also available to foreigners – both for buying and renovating a property in Mallorca.
We work with an experienced mortgage specialist in Palma de Mallorca who can help you secure the right financing.
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When providing mortgage loans, Spanish banks distinguish between:
Residents (tax residency in Spain)
Non-residents (tax residency outside Spain)
Residents need at least 20% equity to buy a property in Mallorca. The key parameters are:
Loan-to-value: up to 80% of the property’s valuation
Term: up to 30 years
Non-residents typically require at least 30% equity to buy in Mallorca. The key parameters are:
Loan-to-value: up to 70% of the property’s valuation
Term: up to 25 years
Important: on top of the 20–30% equity, there are around 12% purchase costs (e.g. transfer tax, notary, land registry). Banks don't finance these – you'll need to cover them yourself.
All information is provided without liability. Actual terms depend on the property, your credit profile, and bank policies.
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The main costs of owning a property in Mallorca:
Taxes and charges
Property tax / "IBI": based on the cadastral value, usually a few hundred euros per year (medium-sized apartment) up to a few thousand (luxury villa or large finca)
Rubbish collection / "Basura": usually €100-300 per year
Income tax for personal use: 19% (EU/EEA) or 24% (non-EU) per year on the deemed rental value (1-2% of the cadastral value)
Income tax when renting out: 19% (EU/EEA) or 24% (non-EU) per year – deemed taxation during vacancy
Wealth tax: for non-residents, on the value of local property (minus mortgages), with the first €3,000,000 potentially tax-free depending on the case
Consumption and maintenance
Water and electricity (standing charges apply even without consumption)
Homeowners' association / "Comunidad" (depending on the property)
Insurance: building and contents
Garden and pool maintenance, where applicable
All information is provided without liability. Please consult your lawyer and/or tax advisor.
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Here's an overview of some of the possible problem areas when buying a resale property.
Structural defects
Have older properties checked by a qualified professional before buying (damp, pipework, structure, roof).
Legal shortcomings
The risk depends on the type of property:
Apartments: legal defects are rare
Terraced houses or villas in urban zones: legal defects do occur
Country houses / fincas: legal defects are common
What to check when buying an APARTMENT or a HOUSE in Mallorca:
1 ) Is there a habitation certificate / "Cédula de Habitabilidad"?
2 ) If the building is over 50 years old: is there a building inspection report ("IEE"/"ITE" in Spanish, renewed every 10 years)?
3 ) For a multi-unit building: are any major costs coming up (check the minutes of recent owners' meetings)? Do any individual owners owe money to the homeowners' association (ask the management company)?
For APARTMENTS, also important:
4 ) Was a balcony or terrace enclosed at a later date without planning permission? This usually has no consequences.
5 ) If there is a terrace, a parking space or a storeroom, does it actually belong to the property, or is there at least an exclusive right of use (ideally confirmed in the deeds, otherwise in the horizontal division or the homeowners' association's statutes)?
For HOUSES, also check:
6 ) Were all elements (main house, porches, pool, outbuildings) built with planning permission, and are completion certificates available for them?
This is checked by an architect (possibly commissioned by your lawyer). The main house usually has planning permission, but with older houses, the completion certificate is occasionally missing. For later extensions – especially on countryside fincas – sometimes neither of them is available. The check consists of comparing the actual property with the documents held by the local council.
If the council is unaware of such defects, they usually become time-barred after several years (aerial photographs show whether enough time has passed). In that case, demolition can generally no longer be enforced – so, for example, an illegally built pool can remain in use.
Even with protection by prescription, illegal elements bring drawbacks:
If an illegal element is altered, it can lose its protection status.
If a Cédula de Habitabilidad was never issued, illegal elements make it harder to obtain one.
If the property isn't legally sound, the council may refuse a "major works permit" for larger building works.
Elements without a completion certificate therefore can reduce the property's value.
Buying a property with illegal elements can still make sense. However, the legal assessment is complex: the consequences range from virtually "none" to "disastrous", and what the law says and what happens in practice can differ widely. We therefore recommend working with an experienced, pragmatic lawyer who can assess the likely outcomes and consequences.
One final pitfall for HOUSES in urban zones:
7 ) Is the house connected to the public sewage system? For houses in urban zones without a connection, a "major works permit" is usually not granted (this doesn't matter for country houses).
Risks at completion
Notaries in Mallorca work thoroughly. They check that the sellers are entitled to sell, that the correct property is being sold, that no unwanted encumbrances are being taken on, and that all required documents are in place.
One risk factor is the deposit typically paid when buying property in Mallorca. Ideally, this deposit is transferred to a notary's account – not to a third party's account (e.g. the estate agent's).
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Residential properties should have a habitation certificate / "Cédula de Habitabilidad" (some newer builds may not yet have one).
A missing Cédula is a warning sign – look more carefully at the legal situation. Having a Cédula doesn't automatically mean the property is legal.
In the Balearics, houses and apartments may be sold without a Cédula.
Buying a renovation property in Mallorca
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Yes, for two reasons.
First: you can adapt the property exactly to your wishes.
Second: with a good renovation, the increase in value can significantly exceed the investment.
Buying a ready-renovated property from a developer typically costs around 20% more. Why?
The developer's profit margin
Double real estate agency fees and purchase costs, as the property is sold twice
When you buy and renovate with Myorca Properties, these mark-ups disappear. This can save you six-figure sums.
Find out more in our FAQs on "Renovation in Mallorca" (opens in a new tab).
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Many renovations are straightforward and can be carried out with a "minor works permit", granted within a few days.
You need to have a closer look if a detached house is being renovated under a "major works permit" – for example, because of work on load-bearing walls.
Authorities will refuse such a permit if:
The building or relevant part of it is illegal.
A house in an urban zone isn't connected to the sewage system.
Find out more in our FAQs on "Renovation in Mallorca" (opens in a new tab).
Buying process, taxes, costs, documents
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Buying a property involves significant sums of money. A lawyer provides an extra level of security.
We recommend buying property in Mallorca with the support of a local lawyer. And: Never buy a finca without a lawyer.
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A property purchase with Myorca Properties typically follows these steps:
Viewing the property with one of the Myorca Properties founders.
Clarifying all the buyer's questions.
If applicable, a purchase offer and then a price agreement (negotiated by one of the founders).
Introducing specialists (e.g. a lawyer or help obtaining a NIE number).
Drafting the option agreement / "Contrato de Arras" and paying the deposit (see next question).
Preparing for the notary appointment (gathering the documents).
Accompanying you to the notary appointment (payment, signing, handover of keys).
Immediately afterwards: renovation for the new owner, if applicable.
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There are usually several weeks or months between agreeing a price and the notary appointment – giving time to carry out legal checks on the property and gather documents.
During this period, buyers and sellers often bind themselves to each other through an Option Contract or a "Contrato de Arras Penitenciales". Both contract types are private-law agreements that work as follows:
The buyer pays a deposit (usually 10% of the purchase price) and commits to buying the property under the stated conditions, at the agreed price, by a set date. If they pull out of the purchase, they lose the deposit to the owner, and the sale doesn’t go ahead.
In return, the owner commits to selling. If they fail to do so, the buyer gets their deposit back – plus the same amount again from the owner.
Both sides have the same amount at stake, which makes these agreements very robust. Once such an agreement is in place, the sale usually goes ahead.
The parties are free to agree the duration of the contract. Around two months is common.
All information is provided without liability. Please consult your lawyer.
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The buyer usually pays:
Notary fees
Property transfer tax (for a resale property)
Land registry fees
(Their own lawyer, if applicable)
Property transfer tax / "ITP" for used houses and apartments in Mallorca is tiered, ranging from 8% to 13% depending on the purchase price or reference value.
The relevant figure is either the price stated in the notarial deed or, in exceptional cases, the cadastral office's reference value.
The tax isn't charged as a flat rate on the total value, but in stages on each portion:
Up to €400,000: 8%
€400,001 to €600,000: 9%
€600,001 to €1,000,000: 10%
€1,000,001 to €2,000,000: 12%
Above €2,000,001: 13%
Example: for a property worth €500,000, 8% transfer tax applies to the first €400,000, and 9% to the remaining €100,000.
Buyers should budget around 1-2% for notary and land registry fees.
In short: as a rough rule of thumb, budget around 12% of the purchase price in purchase costs when buying property in Mallorca.
All information is provided without liability. Please consult your lawyer and/or tax advisor.
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Besides identification documents (and any powers of attorney, if applicable), two points are important:
Foreign buyers need a foreigner identification number, the "NIE", usually applied for through a lawyer or a specialist. Issuing it often takes over a month.
A Spanish bank account is essential for buying property. This can only be opened once the NIE number has been issued.
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The notary formalises the purchase contract and checks that the legal requirements are met, including:
Buyer and seller have legal capacity to act.
Any powers of attorney are valid.
The sellers are the legal owners of 100% of the property.
The correct property is being sold.
The property is transferred free of charges (unless otherwise agreed).
All documents are in place and legal requirements are met (including the energy certificate, community fees, taxes, anti-money-laundering checks).
The agreed payments are properly made.
The notary doesn't carry out a technical or planning-law inspection of the property.
All information is provided without liability. Please consult your lawyer.
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Once the sale is completed and the purchase price has been paid, ownership of the property passes to the buyer. The keys are handed over at the notary's office, and the buyer takes control of the property immediately.
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