When buying a property in Mallorca or the rest of Spain, as much care, if not more, is necessary as back home in the UK.
We regularly get asked to survey properties in Mallorca, but also cover Menorca and Ibiza, and other areas of Spain. We consider our fees to be competitive, and due to regular flights,we can usually get to anywhere in Spain within hours and at limited extra costs to the client.
You should be aware that a Building Survey is not the same as the valuation report which is commissioned by a mortgage lender.
When purchasing a property in Spain, it is advisable to appoint an independent lawyer to investigate important legal issues such as tenure, debt and ownership and to ensure the purchase goes through with the minimum of fuss. Our surveyors will assist in the due diligence, often working closely with your legal advisor and always acting exclusively for you as the purchaser.
Our surveys will provide technical information on the property, to supplement the legal investigations and to provide for you a complete pre-purchase information service to help you make informed decisions prior to buying your Spanish home.
The cost and type of the survey depends on the size, condition and age of the property.
As regards to the type of survey, a general rule of thumb is that if the house or flat is modern, have a Homebuyer’s Report, if it’s high value, old or large, you’ll need a Building Condition Survey.
In our opinion the cost of this service is very reasonable compared to other purchasing expenses, such as lawyers, agents and finance & taxes. Total purchase costs when buying in Spain often get close to 10% of the value, so we feel our fees averaging approx. 1/10th of 1% offer excellent value.
For guidance, an inspection of a typical three bedroom house in reasonable order may take between three and four hours. You can meet the Surveyor on site, but please ask when you book your survey. We will give you a time to meet us which will usually be between 2 and 3 hours after we start the survey. Any earlier and we can’t tell you anything. We try, wherever possible, to dispatch our report within five working days of inspection.
If you require a summary or key point report, this can be can be made available almost immediately, but we request you wait until you view the full report before making any purchasing decisions.
Having an independent and comprehensive survey in Spain by a RICS member makes good sense and could save you many thousands of pounds in repair bills.
We pride ourselves on carrying full Pii cover and a complaints procedure in accordance with RICS guide lines.