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Plot for sale in Artà

Rent To Buy In Mallorca

Why throw your money away month after month on renting a property in Mallorca, when you can be paying towards ownership and banking the savings instead?

Signing a rent to buy contract here is like having your cake and eating it. Alternatively, if you wish to buy a property in Mallorca, but are unable to gather all the funds required to pay the total deposit required by the banks to obtain your mortgage, a rent to buy property is a fabulous option.

Plot in Artà - Es Cal+¦ 184

Rare & special opportunity, one million, two hundred thousand metres squared, of frontline land in Arta.

Reduced from 8 million ! Awaiting renewal of building permit.

  • 0 m2
  • 1200000 m2
  • 0
  • 0

€3,200,000

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Finca in Son Gual - Building view from garden

Magnificent Brand New Villa with stunning views close to Golf in Son Gual.

Luxury brand new villa with stunning grounds and fabulous pool a stone´s throw from golf course available for sale in son gual, close to palma with breath-taking views over palma bay

  • 650 m2
  • 7500 m2
  • 7
  • 8

POA

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Detached Villa in Bendinat - bendinat villa with mountain views

Large Villa with Views of Bendinat & Bellver Castle.

Large family home in bendinat in south west mallorca. This spacious detached villa enjoys beautiful mountain views and panoramic scenic views across both bendinat and bellver castle with partial views of the sea. Well maintained and immaculate, this

  • 400 m2
  • 1450 m2
  • 7
  • 6

€2,200,000

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Villa in Puntiró - External view

Stunning contemporary style Villa in Puntiró with views over the bay in Palma.

Fantastic modern villa situated in a quiet area of, just 12 minutes from palma city.this luxury modern villa with panoramic views is situated at the bay of palma.

  • 750 m2
  • 7500 m2
  • 5
  • 5

POA

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Detached Villa in Nova Santa Ponsa - Pool with sea views

Mediterranean-style luxury villa in a sought-after, quiet area of Santa Ponsa Nova with panoramic views over the bay and the sea.

Mediterranean-style luxury villa in santa ponsa in a quiet residential area with panoramic views over the bay of santa ponca nova and the sea.

  • 321 m2
  • 860 m2
  • 3
  • 3

Reserved

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Detached Villa in Cala Vinyes - Villa with sea views

Villa in Cala Vinyas with Delightful Sea Views.

This spacious villa is situated in cala vinyas in south west mallorca, on a quiet residential road close to all amenities. Offering delightful sea views from both the front and rear of the property, this charming home boasts superior quality

  • 365 m2
  • 1020 m2
  • 4
  • 4

€1,695,000

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Detached Villa in Nova Santa Ponsa - Villa in Nova Santa Ponsa

Stylish Villa for sale in Nova Santa Ponsa.

This stylish villa for sale in santa ponsa is situated in a prestigious and tranquil residential area of south west mallorca. This exclusive neighbourhood of mallorca boasts 3 golf courses, several sandy beaches, high class yacht marina (puerto

  • 250 m2
  • 900 m2
  • 4
  • 3

€1,600,000

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Detached Villa in El Toro - Port Adriano - Aerial

Fantastic sea view home for sale overlooking Port Adriano Marina.

This wonderful detached villa in port adriano is located within easy walking distance of port adriano marina & beach, and only footsteps from the shops & facilities of el toro. Immaculately presented on a sunny south & west facing, sea

  • 313 m2
  • 706 m2
  • 5
  • 3

€1,200,000

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Detached Villa in Costa de la Calma - Detached villa in large gardens

Immaculate South Facing Property for Sale in Costa de la Calma.

This stylish and immaculate villa is south facing and light. This elegant property is for sale in costa de la calma, near santa ponsa beach in the southwest of mallorca. Incredibly striking and impressive, this sophisticated and impeccable family

  • 509 m2
  • 2019 m2
  • 5
  • 5

Rented

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Detached Villa in Santa Ponsa - Side of Villa

Spacious Family Home near Santa Ponsa beach.

Spacious family home for sale or rent near santa ponsa beach in southwest mallorca. This beautiful house boasts quality and charm with generous garden, swimming pool and stunning mountain views. Attractive and spacious, the property enjoys a quiet

  • 269 m2
  • 844 m2
  • 4
  • 3

€890,000

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Looking for a rent to buy property in Mallorca?

So how does rent to buy work in Mallorca?

Rent to buy properties in Mallorca can have various contracts which vary from owner to owner but the basics are as follows.

  1. A purchase price & rental term is agreed – the rental term can range from 3 months up to 2 years, again it depends heavily on the vendor and indeed the position of the purchaser. Standard length of time on a rent to buy contract in Mallorca is 1 year but it can be longer.
  2. A non-refundable deposit is paid on the agreed sales price of the property – this again varies between 5% and 10% & depends on the variables between purchaser and vendor – in addition to this there is normally a breakage deposit that is usually requested by the vendor. This normally equates to 1,5 to 2 months rent.
  3. The agreed monthly rent works as a “pay as you go” system – this means that for every month you pay it reduces the sales price on the property by that amount. For example, a Rent of 5k per month over a 12 month rental period = 60,000 Euros, this amount would be deducted in conjunction with the deposit from the pre-agreed sales price when you buy the home at the end of the term.We can also achieve further reductions on the monthly rental amount for advance rental payments on properties. For example:- 3,6,9,12 months upfront can qualify for up to a 10% discount (this would be based on the maximum term and then scales down accordingly).
  4. If the purchase does not take place at the agreed time, then the deposit is forfeited – this compensates the vendor for the missed opportunities of achieving a sale for the duration of the rent to buy term. The breakage deposit would be returned upon inspection of the property and confirmation of its state being as good & as it was upon entry.

These rent to buy terms and conditions are flexible and are in no way fixed and used for example purposes only. For more information about any of our rent to buy properties in Mallorca, please contact us and we will be happy to advise you or negotiate terms on your behalf.

Rent to buy contract
Why throw your money away month after month on renting a property in Mallorca, when you can be paying towards ownership and banking the savings instead? Signing a rent to buy contract here is like having your cake and eating it.

Alternatively, if you wish to buy a property in Mallorca, but are unable to gather all the funds required to pay the total deposit required by the banks to obtain your mortgage, a rent to buy property is a fabulous option.

Not only does the sale price of the property freeze, but the money that you pay each month in rent, also comes off the overall purchase price.

The added benefit is the knowledge that your rent to buy home will eventually be your own, meaning that you will be able to do any works to the property that you wish, reforming and improving it to your own taste.

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