New Build 3 bedroom Villa for sale with panoramic view in Llubi, Mallorca
This striking new property consists of a bright living area with an open fitted kitchen and large patio doors which permit plenty of natural light and grant direct access to the terrace.
There are three double bedrooms and two bathrooms (one en suite).
Outside is a swimming pool with sunbathing area, a bathroom, covered and sunny terraces, extensive grounds containing a variety of fruit trees inclu...
This striking new property consists of a bright living area with an open fitted kitchen and large patio doors which permit plenty of natural light and grant direct access to the terrace.
There are three double bedrooms and two bathrooms (one en suite).
Outside is a swimming pool with sunbathing area, a bathroom, covered and sunny terraces, extensive grounds containing a variety of fruit trees including orange, almond and carob, and incredible views of the surrounding mountains and countryside.
In addition, the property includes a fully restored mill tower and an additional outbuilding of around 40m2 which could be converted into a guest house.
Beside this, there is also a water deposit which could be used as a pool. It also has mains electricity, a well, and is fully legal.
Llubi is a village located in the heart of Mallorca, where time seems to stand still. Off the beaten tourist path, Llubi has managed to retain the traditional charm of yesteryear. The pace of life tends to be slower here, making it a great choice for those looking for a peaceful holiday. Llubi is the ideal base from where to discover the historic side to Mallorca, or simply to set off on one of the many hiking and cycling routes.
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This Villa is located in Llubi in Balearic Islands
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Buying a Property in the Balearic Islands
1. Putting down a Holding Deposit
On finding a property you wish to purchase you will need to negotiate the terms, price and conditions of the sale with the owner. This part of the process is not binding. We would recommend using an independent English speaking legal advisor. Once a purchase price has been agreed, normally a holding or reserve deposit will be required to ensure the property is removed from the market. The sum required will vary between properties and will be based on the purchase price. A time limit for the preagreement to be signed will be arranged and there will also be legal checks to be made.
2. Setting up a Pre-agreement (Contrato privado de compraventa)
The pre-agreement will set out the conditions under which the Buyer and Seller agree to complete the purchase of the property and the price they have agreed upon. Relevant details will generally be included for example the property details, purchase price and the date for completion. A deposit will be required at this point, this will vary, but will generally be 10% of the agreed price. This agreement will include a penal clause if the sale does not go through. If the seller pulls out of the sale your compensation will be double the deposit you have paid, but if you decide not to go through with the sale then your deposit will be lost. Certain checks will need to be made before signing the contract, checks should be made against the title of the property, mortgage status and if the property has any debts held against it. The planning status should also be looked into. These conditions can be varied by the seller and the buyer and other types of agreement can be made.
3. The Contract (Escritura de compraventa)
Before a non-Spanish purchaser can buy a Spanish property they will need to have set up a Spanish bank account and obtained a Spanish tax number (NIE). The completion will take place in the presence of a Notary Public. This is a Spanish public official, by law the deed of sale must be witnessed by a Notary Public. You will also need your own independent, expert legal advisor to act on your behalf. On Completion the buyer must pay the balance, that is the price agreed after the deposit has been deducted, plus any other fees on the completion date. Both buyer and seller must sign the Escritura de compraventa contract, (this is the Spanish equivalent of the title deeds). The title deeds (escritura) will be given to the buyer, this will be done in the presence of a Notary Public, they will certify that the transfer has taken place. The tax office will be sent a copy and the property registry will be informed of the transfer.