Can foreigners buy property in Mallorca?

Yes, there are no restrictions on foreigners buying property in Spain. EU citizens can purchase freely, while non-EU buyers need an NIE (Número de Identificación de Extranjero). The process is straightforward with proper legal guidance. We work with English-speaking lawyers who specialize in international property transactions.

What is the Golden Visa program for property buyers?

Spain's Golden Visa grants residency to non-EU nationals who invest €500,000 or more in Spanish real estate. Benefits include: residency for the investor and family, visa-free Schengen travel, no minimum stay requirement, path to permanent residency after 5 years, and potential citizenship after 10 years. Our fiscal advisory team can guide you through the entire process.

What are the typical costs when buying property in Mallorca?

Budget approximately 10-13% on top of the purchase price for: Property Transfer Tax (ITP) at 8-11% for resales or 10% VAT for new builds, notary fees (0.5-1%), land registry fees (0.5-1%), and legal fees (1-1.5%). Annual costs include IBI property tax (0.4-1.1% of cadastral value), community fees for apartments, and wealth tax for high-value properties.

Which areas of Mallorca have the best investment potential?

Prime investment areas include: Son Vida and Bendinat for established luxury markets; Port d'Andratx and Camp de Mar for sea views and privacy; Deià and Valldemossa for character properties with strong rental demand; Palma Old Town for renovation projects; and emerging areas like Son Servera and Artà for value appreciation. Our team provides detailed market analysis for each area.

Can I rent out my Mallorca property when not using it?

Yes, but you need a tourist rental license (ETV - Estancia Turística en Viviendas). Regulations vary by municipality and property type. Villas in rural areas generally have easier licensing than apartments in Palma. Rental income is taxable in Spain. Our team can advise on license availability before purchase and manage rentals through Azul Stays.

How long does the property buying process take in Mallorca?

Typically 6-12 weeks from accepted offer to completion. The process includes: offer and reservation (1 week), due diligence and contract preparation (2-4 weeks), signing the private purchase contract with 10% deposit (1 week), and completion at the notary with balance payment (4-6 weeks). Cash purchases can be faster; mortgage financing may add 2-4 weeks.

What is the Beckham Law and how does it benefit property buyers in Mallorca?

The Beckham Law (Régimen Especial de Trabajadores Desplazados) allows new tax residents in Spain to pay a flat 24% income tax rate on Spanish-sourced income for up to 6 years, instead of the progressive scale that can reach 47%. To qualify, you must not have been a Spanish tax resident in the previous 5 years and must have a Spanish employment contract or be a company director. This makes Mallorca especially attractive for high-earning professionals and executives relocating from higher-tax jurisdictions. Our fiscal advisory team can assess your eligibility and manage the application.

What are the annual costs of owning a property in Mallorca?

Annual ownership costs include: IBI property tax (0.4-1.1% of cadastral value, typically €1,000-€8,000 for luxury properties), community fees for apartments or gated communities (€2,000-€12,000/year), home insurance (€800-€3,000), garden and pool maintenance (€3,000-€8,000), and utilities. Non-resident owners pay wealth tax on Spanish assets above €700,000 (rates from 0.2% to 3.5%). Property management services through our team ensure your home is maintained year-round, with costs typically 8-12% of rental income if you choose to let.

Can I get a mortgage to buy property in Mallorca as a non-resident?

Yes, Spanish banks offer mortgages to non-residents, typically financing 60-70% of the property value (compared to 80% for residents). Interest rates for non-residents range from 3-4.5% fixed or Euribor + 1.5-2.5% variable. You'll need proof of income, tax returns from your home country, and a credit report. The process takes 4-6 weeks for approval. Minimum loan amounts are usually €100,000. Our team works with several international banks experienced in non-resident lending to secure the best terms.

Is Mallorca a good investment for property in 2025-2026?

Mallorca continues to be one of Europe's strongest luxury property markets. Average prices in prime areas have appreciated 8-12% annually over the past 5 years. Key investment drivers include: limited building land (40% of the island is protected), strong year-round rental demand, excellent international connectivity with 30+ million annual airport passengers, and the island's reputation as a safe, stable destination. The southwest coast (Andratx, Calvià) and Palma remain the highest-value areas, while the northeast (Artà, Capdepera) offers emerging growth potential. Our market analysis team provides detailed area-by-area investment reports.

Luxury Real Estate Mallorca | Off-Market Villas & Investment | Balearic Blue - Your Island Legacy

Exclusive access to Mallorca's most coveted off-market properties and investment opportunities.

Mallorca's luxury real estate market offers properties from €1M to €50M+. Off-market villas, sea-view fincas, and Palma penthouses. Full advisory from search to purchase.

: Properties from €1M to €50M+: Average luxury property: €3.5M: Full advisory: search, legal, purchase: Andratx, Son Vida, Deià, Palma Old Town

Last updated: 4 de março de 2026 by Isle of Mallorca Editorial

The Prime Market

Balearic Blue helps discerning clients buy or sell exclusive properties in the southwest of Mallorca. Our multinational team has extensive experience in real estate investments and new property development. We offer complete solutions to make your ownership experience on the island unforgettable, positive, and profitable.

At a Glance

Palma, Puerto Portals, Andratx, Bendinat, Son Vida
Prime Areas: Luxury Villas & Investment Properties
Specialty: Sales, Development, Advisory
Services: +34 671 119 494
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Access to off-market listings
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Meet Our Team

Our multinational team brings decades of experience in luxury real estate, investment advisory, and property development across the Balearic Islands.

Maria Erenius

Real Estate Advisor

Specializing in luxury properties across Palma, Son Vida, and Puerto Portals. Maria brings extensive market knowledge and a network of exclusive off-market opportunities.

[email protected]+34 671 119 494

Ulrika von Eiberg

Partner

With deep roots in Mallorca and a passion for the island's unique lifestyle, Ulrika oversees client relationships and strategic partnerships.

[email protected]+34 671 119 494

Where to Buy in Mallorca

Compare Mallorca's most sought-after areas for luxury property investment.

Feature	Son Vida Palma's Beverly Hills	Port Andratx Southwest coast Most Popular	Deia Tramuntana village	Soller Valley & port
Avg. Price/m²	€6,500	€7,200	€5,800	€4,500
Property Type	Modern villas	Sea-view villas	Stone fincas	Townhouses & fincas
Rental Yield	3-4%	4-6%	3-5%	4-5%
To Palma Airport	15 min	35 min	40 min	30 min
Beach Access	10 min drive	Walking	15 min drive	5 min drive
International Schools
Year-Round Community			Seasonal
Capital Growth (5yr)	+28%	+35%	+22%	+30%