How to Buy a House in Mallorca as a Non-Resident (Updated for 2025)
Mallorca continues to attract international buyers looking for sun, sea, and secure investment. Whether you’re dreaming of a second home, a retirement villa, or a rental property, buying a house in Mallorca as a non-resident is absolutely possible in 2025 — and easier than you might think. Here’s how.
Why Non-Residents Are Buying in Mallorca in 2025
Mallorca offers a unique blend of Mediterranean charm, world-class beaches, excellent infrastructure, and a strong property market. In 2025, international demand is surging again, especially from:
- British buyers (despite post-Brexit rules),
- German and Scandinavian families seeking lifestyle and investment,
- Digital nomads and semi-retirees attracted by the climate and connectivity.
Can You Buy Property in Mallorca as a Non-Resident?
Yes absolutely, Spain has no legal restrictions on foreigners purchasing property, whether you’re from the EU or outside of it (like the UK or USA). You don’t need to be a resident — you just need a few key documents.
Step-by-Step Guide to Buying Property in Mallorca as a Non-Resident
Get a Spanish NIE Number
The Número de Identidad de Extranjero (NIE) is required for any property transaction in Spain. It’s your personal tax ID.
Apply at a Spanish consulate abroad or via a legal representative in Spain.
You’ll need your passport, completed application form, and justification for the request (buying property).
Open a Spanish Bank Account
You’ll need this to transfer funds, pay taxes, and set up utilities. Most major Spanish banks are used to working with non-residents.
Find the Right Property
Use reputable real estate agents who: Speak your language, Know the local market deeply, Offer full transparency on legal aspects.
Tip: Use property portals like Mallorca-property.co.uk for curated, high-quality listings across the island.
Hire a Lawyer (Abogado) Check out the best property lawyers under property-lawyers.com
Essential for non-residents. Your lawyer will:
- Perform due diligence on the property,
- Check if it has all licenses and is free of debt,
- Draft and review contracts,
- Represent you if you’re not physically present in Spain.
5. Make a Reservation and Sign a Private Contract
Once you agree on a price:
A reservation deposit is paid (€5,000–€10,000 on average),
Then a private purchase contract (Contrato de Arras) is signed, usually with a 10% deposit.
6. Complete the Sale Before a Notary
The final signing happens at a notary’s office, where you:
- Pay the remaining balance,
- Get the Escritura Pública (public deed),
- Receive your keys!
Costs of Buying Property in Mallorca (2025)
Here’s what to budget for in addition to the purchase price:
Purchase Estimated Costs
- Transfer Tax (ITP, resale homes) 8–11%
- VAT (new builds) + stamp duty 10% + 1.5%
- Notary and registry fees 0.5–1%
- Legal fees 1–1.5%
- Agency fees Usually paid by seller
Can You Get a Mortgage as a Non-Resident?
Yes, most Spanish banks offer non-resident mortgages, typically:
- Financing up to 60–70% of the property price,
- Terms up to 20–25 years,
- Interest rates around 3–4% (as of mid-2025),
- Approval based on your income, credit, and existing debt.
Golden Visa: Is it still valid when Buying Property Over €500,000?
The Spanish Golden Visa program, which granted residency permits to non-EU citizens who invested at least €500,000 in Spanish real estate, has been officially terminated on April 3, 2025. This decision was made by the Spanish government, citing concerns about the program’s impact on housing affordability and real estate speculation.
While the real estate option is gone, other investment options within the Golden Visa program may still be available, such as investing in Spanish public debt, Spanish companies, or depositing a large sum in a Spanish bank accoun
The Golden Visa program still offered other investment avenues for residency, such as investing over €2 million in Spanish government bonds or €1 million in Spanish company shares or bank deposits
Top Areas in Mallorca for Non-Resident Buyers
- Pollensa & Alcudia – traditional charm, great for families.
- Palma de Mallorca – cosmopolitan city life and investment potential.
- Santa Ponsa & Port Andratx – luxury villas with sea views.
- Sóller & Deià – dramatic scenery and artistic vibes.
- Campos & Santanyí – countryside estates and tranquility.
Tips for a Smooth Purchase in 2025
- Visit in person if possible before buying.
- Always verify licenses on rural or coastal properties.
- Consider future rental potential if you plan to let it out.
- Use a lawyer experienced with non-resident buyers.
Choose agents that offer full-service support in English/German.
Need Expert Help?
At Mallorca-property.co.uk, our multilingual team of real estate professionals helps non-residents buy safely and smoothly — from your first viewing to the notary signature and beyond.
