Guide: How to Buy Property in Mallorca as a Foreigner
It all begins with an idea.
Picture this: you’ve spent your holidays falling in love with Mallorca’s turquoise bays, charming villages, and sunny terraces. Now you’re ready to turn that dream into reality and own a piece of the island yourself.
The good news? Foreigners can freely buy property in Mallorca. From luxury villas with sea views to rustic countryside fincas, the island offers endless opportunities. But navigating the Spanish property system can feel overwhelming if you’re not familiar with the steps.
That’s where this guide comes in. At Isla Homes, we work with international buyers every day. Below we’ve outlined the essential steps to buying property in Mallorca as a foreigner in 2025, so you can focus on enjoying the journey instead of worrying about the paperwork.
1. Can foreigners buy property in Mallorca?
The short answer is yes. There are no restrictions for EU or non-EU citizens to buy property in Spain. Whether you want a holiday home, a permanent residence or an investment property, Mallorca is open to international buyers.
2. Get your NIE-number
Before you can buy, you’ll need an NIE (Número de Identificación de Extranjero). This is a tax identification number for foreigners in Spain required for all legal and financial transactions.
Apply at the Spanish consulate in your country or at a police station in Mallorca.
It usually takes a few weeks, so start early.
At Isla Homes we take away the hassle. Thanks to our trusted partners, we can help you arrange your NIE quickly and smoothly, so you don’t lose valuable time in the buying process.
3. Open a Spanish bank account
Most property purchases require a Spanish bank account. This will be used for payments, utilities and to manage taxes related to your property.
EU residents: straightforward process with passport + NIE.
Non-EU residents: additional documents like proof of income may be required.
4. Secure financing (if needed)
Foreigners can obtain a Spanish mortgage, but banks usually finance 60–70% of the property value for non-residents. Proof of income, credit history and tax declarations are required.
Tip: Work with a local mortgage broker who understands the requirements for international buyers.
5. Find the right property (with the right guidance)
This is where Isla Homes comes in. Mallorca’s real estate market is diverse, from Palma city apartments to sea-view villas in Santa Ponsa, fincas in Alaró, or luxury estates in Andratx.
And as exciting and diverse Mallorca’s real estate market is, it’s also very complex sometimes. Not every property on the market is as straightforward as it seems.
This is where we truly make the difference. With our legal background and years of experience in the property sector, we help international buyers avoid costly mistakes.
Legal security: In Mallorca, there are still properties with irregularities, from missing building permits to unregistered extensions. We carefully screen every property to ensure it complies with all regulations, so your investment is 100% safe.
Skilled negotiations: Thanks to our in-depth knowledge of the local market and cultural nuances, we negotiate the best price and conditions on your behalf.
Professional expertise: With a strong foundation in law and real estate, we understand contracts, licenses, and procedures better than most. This allows us to anticipate risks and protect your interests.
International buyers in mind: We speak your language and guide you through every step, translating the local system into clear, actionable advice.
At Isla Homes, we don’t just show you properties. We act as your trusted advisor, ensuring that your dream home in Mallorca is not only beautiful, but also a secure and profitable investment.
6. Hire a lawyer and notary
It’s strongly recommended to hire an independent lawyer to protect your interests. Your lawyer will:
Check property ownership and debts.
Ensure the property has the right licenses.
Draft and review contracts.
A notary formalizes the transaction on the day of signing.
7. Sign the contract and pay the deposit
Once you’ve agreed on a property, you sign a preliminary contract (Contrato de Arras) and pay a 10% deposit. This takes the property off the market.
8. Final signing and title deed
The final step is signing the Escritura de Compraventa (title deed) at the notary. You pay the balance, taxes and fees and receive your keys.
9. Understand taxes and costs
When buying property in Mallorca as a foreigner, expect:
Transfer Tax (ITP): 8–11% (for resale properties).
VAT (IVA) + Stamp Duty: 10% + 1.5% (for new builds).
Notary & registry fees: ±1–2%.
Legal fees: ±1%.
Our final thoughts
Buying property in Mallorca as a foreigner is a straightforward process, as long as you know the steps. With the right guidance, you can secure not just a home, but a lifestyle upgrade on one of the Mediterranean’s most beautiful islands.
At Isla Homes, we don’t just help you buy a property. We help you design your dream life in Mallorca, whether that means a luxury villa by the sea, a modern Palma apartment or a countryside finca.
Contact us today to start your property journey in Mallorca.
Top 5 Areas in Mallorca (and Ofcourse Why)
It all begins with an idea.
Buying property in Mallorca is more than just a financial investment, it’s a lifestyle choice. With its stunning beaches, vibrant culture and year round sunshine, the island attracts buyers from all over the world. But with so many beautiful locations to choose from, where should you invest?
At Isla Homes, we helpinternational buyers find their dream homes. Here are the Top 5 areas in Mallorca in 2025 and why they stand out.
1. Palma de Mallorca: City vibes and connectivity
Palma is the island’s capital and the beating heart of Mallorca. With its historic Old Town, cosmopolitan lifestyle, international schools and year-round buzz, it’s ideal for those who want both culture and convenience.
Strong demand for apartments and penthouses.
Excellent connectivity, Palma Airport links you with all major European cities.
Investment potential thanks to high rental demand, especially in the Old Town and Santa Catalina.
2. Sóller & The West Coast: Mountains meet the sea
For those seeking natural beauty and a slower pace, the Tramuntana mountains and towns like Sóller, Deià and Valldemossa offer breathtaking views and authentic charm.
UNESCO World Heritage surroundings.
High demand for fincas, villas and traditional stone houses.
Perfect for lifestyle buyers who value tranquility and nature.
3. Santa Ponsa & The Southwest: Luxury and golf lifestyle
The southwest of Mallorca is one of the island’s most exclusive regions with areas like Santa Ponsa, Port Adriano, and Andratx offering a mix of modern villas, golf courses and marinas.
Popular with international buyers from Germany, UK and Scandinavia.
High potential for property value growth in luxury segments.
Ideal for golf lovers and yacht owners.
4. Alcúdia & The North: Family-friendly coastal living
In the north, Alcúdia and Pollensa offer beautiful beaches, a relaxed family atmosphere and strong rental potential during summer.
Perfect for families or those seeking a second home.
Popular holiday rental market, especially near Playa de Muro and Pollensa Bay.
Properties range from townhouses to luxury villas.
5. Campos & The Southeast: Space, nature and untapped potential
The southeast of Mallorca including Campos and Santanyí is growing in popularity thanks to its more laid-back vibe, countryside fincas and proximity to unspoiled beaches.
More space and land for your budget compared to Palma or the southwest.
Close to Es Trenc, one of Mallorca’s most beautiful beaches.
Increasing demand makes this a smart long-term investment.
Our final thoughts
From Palma’s vibrant city life to the peaceful villages of the Tramuntana, Mallorca offers a diverse property market with something for every lifestyle. Whether you’re looking for a modern apartment, a luxury villa or a traditional finca, the island combines Mediterranean charm with strong investment fundamentals.
At Isla Homes, we don’t just sell properties, we help you find the lifestyle that matches your dreams.
Contact us today and let’s start your journey toward owning your dream property in Mallorca.
Mallorca Real Estate Market 2025: Trends & Forecasts
It all begins with an idea.
Mallorca has long been one of Europe’s most desirable property markets and 2025 is proving that demand for homes on the island is stronger than ever. With record breaking tourism, limited supply and rising property values, Mallorca continues to attract both lifestyle buyers and international investors.
At Isla Homes, we keep a close eye on the numbers so you don’t have to. ;) Here’s what you should know about the Mallorca real estate market in 2025.
Property prices continue to rise
The average property price in Mallorca now sits at around €4,900 per square meter, with luxury coastal and sea view properties exceeding €7,000 per square meter. In 2024 prime properties saw 5–8% growth and forecasts suggest this trend will continue into 2026.
For buyers this means that investing now not only secures a dream lifestyle but also ensures long-term capital appreciation.
Tourism keeps breaking records
Tourism remains the backbone of Mallorca’s economy and it’s thriving. By July 2025 the Balearic Islands welcomed 8.99 million visitors, generating €11.62 billion in spending, up 4.8% compared to 2024 (INE data).
Mallorca alone represents roughly 72% of those arrivals, with nearly 8 million visitors this year so far. This steady flow of tourists fuels high demand for rental properties and supports the island’s robust property market.
Strong international demand
Mallorca isn’t just loved by locals, international buyers remain a driving force. Roughly 35% of property transactions in the Balearics are made by foreign investors, especially from Germany, the UK and Scandinavia.
For these buyers Mallorca offers a secure, well-connected and lifestyle-driven destination where investment and quality of life go hand in hand.
Limited supply, rising value
Unlike other Mediterranean hotspots, Mallorca has strict building regulations that restrict new developments, especially along the coastline. This scarcity keeps the supply of new properties low, which in turn pushes existing property values higher.
For investors this creates a perfect balance: high demand, limited supply and strong appreciation potential.
Our final thoughts
Mallorca’s real estate market in 2025 proves one thing: this island is more than a holiday destination. It’s an economic powerhouse, a resilient property market and the place where lifestyle and investment meet.
Get in touch with Isla Homes today and let’s start your journey toward owning your dream property in Mallorca.
Why buying property in Mallorca is more than an investment
When most people think of Mallorca, they picture turquoise waters, golden beaches and sunny terraces. But behind the postcard views lies something even more valuable: an island with one of the strongest economies in Spain, fueled by record-breaking tourism and a resilient real estate market.
At Isla Homes we believe Mallorca isn’t just a holiday destination, it’s a lifestyle upgrade and a smart property investment.
Mallorca tourism: The powerhouse for growth
The numbers don’t lie. In the first seven months of 2025, the Balearic Islands welcomed 8.99 million visitors, generating €11.62 billion in spending, that’s a 4.8% increase compared to 2024 (source: INE).
Since Mallorca accounts for around 72% of all arrivals, that means approximately 8 million visitors and an estimated €8.3 billion in tourism spending on this island alone.
In July 2025, records were broken again with over 2.56 million international tourists visiting the Balearics and €3.83 billion spent in just one month. The average tourist spent €1.493 during their stay, showing that Mallorca’s tourism industry is stronger than ever.
A strong and stable economy
Tourism represents nearly 45% of Mallorca’s GDP, making it the backbone of the island’s economy. But what makes the island even more attractive is the stability of its real estate market:
The Balearics GDP grew by 4% in 2024, outperforming Spain’s national average of 2.5%.
Mallorca real estate prices in prime areas grew by 5–8% in 2024, with continued growth forecasted into 2026.
Strict building regulations limit new developments, ensuring high demand and scarce supply. It’s the perfect formula for long-term value growth.
For international buyers, this means Mallorca combines lifestyle with secure property investment opportunities.
Why invest in property in Mallorca?
For property buyers, these numbers create real opportunities:
High rental demand due to year-round tourism and limited supply.
Consistent property value growth, especially in luxury and coastal segments.
A chance to combine investment returns with your dream Mediterranean lifestyle.
At Isla Homes, we don’t just find you a property. We help you create your dream life in Mallorca, whether that’s a sea-view villa, a stylish Palma apartment or a countryside finca where sunsets never seem to end.
Your dream, Our mission
Mallorca is proving, year after year, that it’s more than a summer hotspot. It’s an economic powerhouse, a thriving real estate market and most importantly, it’s a place where lifestyle and investment come together.
Contact Isla Homes today to start your journey.
Let us guide you toward the right property and the life you’ve always imagined in Mallorca.