Guide for Foreign Buyers in Mallorca

Why Mallorca attracts international property buyers

Mallorca is one of Europe’s most desirable real estate markets for foreign buyers. The island combines Mediterranean climate, political stability, strong legal protection and an outstanding quality of life.

Consistent international demand also makes buying property in Mallorca a solid long-term investment, not just an emotional lifestyle choice.

Legal security and transparency

Spain offers a well-regulated and secure property system. Purchases are completed before a notary and registered in the Land Registry, giving foreign buyers a high level of legal protection.

Connectivity and year-round lifestyle

Mallorca’s international airport provides direct connections to major European cities. The island also offers excellent healthcare, infrastructure and a vibrant cultural and gastronomic scene all year round.

Can foreigners buy property in Mallorca?

Yes. There are no restrictions on foreign buyers purchasing property in Mallorca, whether you are an EU or non-EU citizen, resident or non-resident.

Buying as a non-resident

Most international buyers purchase as non-residents. This is straightforward, although it comes with specific tax obligations that should be planned in advance.

Buying as a resident

If you become a Spanish tax resident, the purchase process remains the same, but your annual taxation will differ.

Step-by-step process for foreign buyers

Understanding the buying process helps avoid mistakes and ensures peace of mind.

1. Obtain an NIE number

The NIE (Foreigner Identification Number) is mandatory to buy property in Spain. It is required for signing deeds, paying taxes and setting up utilities.

2. Open a Spanish bank account

Not legally mandatory, but highly recommended to manage payments, taxes and ongoing expenses.

3. Reservation and deposit contract

Once you choose a property, a deposit contract (arras) is usually signed. This involves paying a reservation deposit (typically 10%) and setting the terms and timeline.

4. Legal due diligence

An independent lawyer should verify:

• Land Registry status
• Urban planning legality
• Licences and certificates
• Any debts or charges

5. Completion before a notary

The final deed is signed before a notary, the remaining balance is paid and ownership is transferred.

6. Land Registry registration

The deed is registered, officially confirming you as the legal owner.

Taxes and costs when buying property in Mallorca

Taxes depend on whether the property is new or resale.

Resale property

• Transfer Tax (ITP): approx. 8%–13% depending on value
• Notary & Land Registry: approx. 1%

New-build property

• VAT: 10%
• Stamp Duty (AJD): approx. 1.5%

Additional costs

• Legal fees
• Administrative services
• Certified translations if required

Annual taxes for foreign owners

Non-Resident Income Tax

Non-residents must declare an imputed income if the property is not rented, or rental income if it is.

Property Tax (IBI)

A yearly municipal tax based on cadastral value and location.

Is buying a finca in Mallorca a good investment?

High-quality fincas and rural luxury properties remain in strong demand, especially among Northern European buyers.

Limited land availability and strict planning regulations support long-term value growth.

Rural finca vs. urban property

Many international buyers seek privacy, sustainability and space—driving demand for well-designed rural fincas with modern standards.

Key tips for foreign buyers

• Work with experienced local professionals
• Always use independent legal advice
• Verify full planning legality
• Plan taxes in advance
• Think long-term: lifestyle and investment

Buying with confidence in Mallorca

Purchasing property in Mallorca is safe and transparent when done correctly. The right information, planning and property choice make all the difference.

Finca Es Revellar: a prime opportunity for international buyers

If you are looking for design, sustainability, privacy and a strategic location, Finca Es Revellar stands out as a luxury finca for sale in Mallorca tailored to international buyers.

Located in a peaceful setting near Campos, just minutes from the airport and beaches like Es Trenc, Finca Es Revellar combines high-quality construction, energy self-sufficiency and a thoughtful spatial concept designed for year-round living.

Investing in Finca Es Revellar means more than buying a home in Mallorca—it’s securing long-term value, lifestyle quality and a future-ready property.