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 March 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

Prime Areas: Palma, Puerto Portals, Andratx, Bendinat, Son Vida
Specialty: Luxury Villas & Investment Properties
Services: Sales, Development, Advisory
Contact: +34 671 119 494

Our Services

Property Search
Access to off-market listings
Sales & Marketing
Global exposure for your asset
Property Management
Full-service care for your home
Investment Advisory
ROI-focused acquisition strategy

Curated Portfolio

Featured Estates

Son Espanyolet

Penthouse in Son Espanyolet

3 Bed | 2 Bath | 144m²

For SaleLuxury

Best For€1.320.000

Son Espanyolet

Town House in Son Espanyolet

3 Bed | 3 Bath | 290m²

For SaleLuxury

Best For€1.855.000

Cas Català

Penthouse in Cas Català

4 Bed | 4 Bath | 225m²

For SaleLuxury

Best For€1.590.000

Gènova

Mediterranean Villa in Gènova

3 Bed | 3 Bath | 167m²

For SaleLuxury

Best For€2.100.000

Palma Center

Town House in Palma Center

3 Bed | 3 Bath | 150m²

For SaleLuxury

Best For€1.550.000

Palma

Villa in Palma

4 Bed | 5 Bath | 300m²

For SaleLuxury

Best For€1.950.000

Gènova

Luxury Villa in Gènova

4 Bed | 5 Bath | 515m²

For SaleLuxury

Best For€4.900.000

Selva

Historic Country Estate in Selva

6 Bed | 5 Bath | 1000m²

For SaleLuxury

Best For€6.900.000

Andratx

Apartment in Andratx

2 Bed | 2 Bath | 100m²

For SaleLuxury

Best For€985.000

Your Advisors

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.

	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%

Prices are indicative averages for 2025-2026. Contact our advisory team for current market data.

Common Questions

Property Investment FAQ

Related Services

Complete Your Experience

Luxury Villas

Private fincas and curated hotels

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Concierge

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Wellness

Spa retreats and longevity programs

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From the Blog

Spain's Beckham Law & Golden Visa: The Complete 2026 Tax Guide for Dubai Expats Moving to Mallorca

property

Mar 1, 2026 · 9

Spain's Beckham Law & Golden Visa: The Complete 2026 Tax Guide for Dubai Expats Moving to Mallorca

Dubai and Abu Dhabi residents relocating to Mallorca can reduce their tax burden by up to 50% through Spain's Beckham Law, which offers a flat 24% rate on Spanish income for six years. Combined with the Golden Visa for property investments from €500,000, Mallorca presents the most compelling relocation framework in Europe. Here is everything you need to know.

Private Advisory

Many of our most exclusive properties are never listed publicly. Contact our private office to discuss your requirements with total discretion.

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Considering investing abroad? Our comprehensive comparison covers tax, real estate, lifestyle, and more for ultra-high-net-worth individuals.

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

The Prime Market

Our Services

Property Search

Sales & Marketing

Property Management

Investment Advisory

Featured Estates

Penthouse in Son Espanyolet

Town House in Son Espanyolet

Penthouse in Cas Català

Mediterranean Villa in Gènova

Town House in Palma Center

Villa in Palma

Luxury Villa in Gènova

Historic Country Estate in Selva

Apartment in Andratx

Meet Our Team

Maria Erenius

Ulrika von Eiberg

Where to Buy in Mallorca

Property Investment FAQ

Complete Your Experience

Luxury Villas

Concierge

Wellness

Related Articles

Spain's Beckham Law & Golden Visa: The Complete 2026 Tax Guide for Dubai Expats Moving to Mallorca

Private Advisory

Mallorca vs Dubai: The UHNWI Guide

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