Buying in Mallorca

Overview

Mallorca offers a varied lifestyle combining island living, developed infrastructure and good transport links to major European hubs.

The island has an international community and a wide range of property types, from urban apartments to country fincas and coastal homes.

When considering a purchase, assess each asset’s legal status, physical condition, total ongoing and one-off costs, and how you intend to use the property; these factors are specific to each buyer and property.

• Island lifestyle with modern services
• International buyer community
• Wide variety of property types
• Assess legal status, condition and total costs individually

NIE (foreigner identification number)

The NIE is a foreigner identification number commonly required for Spanish property, tax and administrative procedures.

Application route and timing depend on your residency, current location and personal circumstances; some applicants apply in Spain, others via diplomatic missions or through a lawyer or authorised representative.

Verify current requirements and the appropriate procedure with official authorities or an independent lawyer before acting.

• Required for many property and tax processes
• Application route varies with circumstances
• Confirm steps with official sources or a lawyer

Legal process

A typical transaction may include an offer or reservation, legal due diligence by an independent lawyer, a private contract, completion before a notary (notarial deed), tax obligations and registration in the Property Registry.

Contract terms—such as deposit conditions, conditions precedent, and obligations on completion—vary by transaction and must be reviewed case by case.

Use an independent Spanish property lawyer to conduct searches, review titles, check planning and liabilities, and advise on taxes and contractual protections.

• Offer/reservation → due diligence → private contract → notarial deed → registration
• Contract terms vary—review individually
• Engage an independent Spanish property lawyer

Golden Visa (investor residence route)

Spain ended new applications under the property-linked investor visa route from 3 April 2025; purchasing property no longer creates eligibility under that route.

Pre-existing or transitional cases remain subject to their individual legal status and require specific legal review to establish rights and obligations.

Other residence routes continue to exist but have separate eligibility criteria and should be assessed with immigration counsel.

• Property-linked investor visa closed to new applications from 3 April 2025
• Transitional/pre-existing cases need individual legal review
• Other residence routes have distinct requirements

Beckham Law (special tax regime)

The Beckham Law is a special tax regime that may be available to certain individuals who meet specific eligibility conditions under current law.

Eligibility, filing obligations, tax consequences and opt-in/opt-out mechanics depend on individual facts and up-to-date legislation.

Obtain independent tax advice to determine whether the regime applies in your circumstances and to understand all consequences.

• Special tax regime with specific eligibility
• Consequences depend on individual facts and current law
• Seek independent tax advice

Financing

Availability and terms of financing depend on the lender, your residency and income situation, the property type and its valuation.

Obtain written, current offers and a pre-approval where possible, and ensure any financing conditions are fully documented and vetted by your lawyer.

Do not rely on verbal commitments; confirm offers in writing and compare conditions from independent advisers.

• Terms vary by lender and borrower profile
• Get written, current offers and pre-approval
• Have financing reviewed by your lawyer

Running costs

Owning property in Mallorca typically involves potentially applicable taxes, community charges, insurance, utilities, routine and major maintenance, and professional fees for administration or lettings.

Actual amounts depend on the property’s type, size, location and your ownership structure.

Create a tailored cost plan with official sources and independent advisers to understand ongoing and one-off expenses.

• Taxes, community charges, insurance and utilities
• Maintenance and professional fees vary by property
• Prepare a tailored cost plan with advisers

Services — Balearic Blue & Isle of Mallorca Group

Balearic Blue is part of the Isle of Mallorca Group and can coordinate introductions and services across property, stays, yachting and mobility.

They can assist with local contacts and facilitate connections relevant to your purchase and stay, while final decisions, contracts and due diligence remain the buyer’s responsibility.

Engage independent legal and tax advisers to validate any arrangements proposed by third parties.

• Balearic Blue coordinates introductions across property, stays, yachting and mobility
• Facilitation of local contacts and connections
• Validate proposals with independent advisers

Costs and taxes — tailored estimate

Taxes and costs change and depend on the specific transaction and buyer. The previous fixed cost table has been replaced by a tailored, current estimate compiled from official sources and independent advisers.

Methodology

We distinguish verified public records, first-party listing data and editorial interpretation. Time-sensitive legal, tax and market statements are checked against the official sources listed below at the date shown.

Primary reference sources

• ONE — Government of Spain: abolition of the investor visa
• Consejo General del Notariado
• Colegio de Registradores
• Boletín Oficial del Estado (BOE)
• Agencia Estatal de Administración Tributaria
• Govern de les Illes Balears

General information only. Laws, taxes, finance and residence rules depend on personal circumstances and can change. Obtain independent professional advice before acting.

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