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Your Path to Buying Property in Mallorca
Buying property in Mallorca involves several important steps: from finding the right property and arranging financing to handling official formalities, completing the purchase safely and, if needed, ensuring reliable property management afterwards. Especially for international buyers, a well-structured process is essential to make buying property in Mallorca smooth and secure.
At ¡TODO! Mallorca, all of these steps go hand in hand. We help you find the right property in Mallorca, clarify financing and formalities, and guide you all the way to a successful completion — and, if you wish, beyond that with the ongoing care of your property on the island.
NIE Number for buying property in Mallorca
- Required tax identification number for buying property in Spain
- NIE application for property buyers from abroad
- If required: temporary tax number (NIF)
- Support with the application and official procedures
Property financing in Mallorca
- Financing for property in Mallorca through Spanish banks
- Cooperation with Spanish banks
- Financing options also for international buyers
- Support with documentation and application
Purchase process when buying property in Mallorca
- Review of documents and ownership records
- Support with notary appointment, contract and payment
- We handle the payment of taxes
- Land registry registration + transfer of electricity/water/gas contracts
Find property in Mallorca
- Access to almost all properties in Mallorca through our agent network
- Large network of real estate agents and cooperation partners
- We search specifically for your ideal property
- Access to almost the entire property market
If you want to buy property in Mallorca, structured preparation is essential. We support you from the very first property search to the final signing at the notary and assist you with all formalities related to buying property in Mallorca.
Your Property in Mallorca Starts with the Right Partner
Buying property in Mallorca is more than just an investment. It is the beginning of a new chapter – with sunshine, quality of life and a place that quickly feels like a second home.
To ensure that buying property in Mallorca is safe, transparent and stress-free for you, we guide you step by step through the entire process. From the first orientation and the search for the right property to the successful completion of the purchase, we are at your side.
With experience, a strong network on the island and a clear understanding of your wishes, we help turn an idea into reality – and a property in Mallorca into your personal place in the Mediterranean.
Start your journey to owning property in Mallorca today.
Frequently Asked Questions About Buying Property in Mallorca
Do I need a NIE number to buy property in Mallorca?
Yes. The NIE number is the personal tax identification number for foreigners in Spain. Without it, buying property or paying taxes related to a property purchase in Spain – such as property transfer tax or VAT – is not possible.
We assist you with the application and all necessary documentation.
Can foreigners buy property in Mallorca?
Yes. Even without residence in Spain, you can easily buy property in Mallorca. The most important requirements are the NIE number and the correct processing of the purchase through a notary and the land registry.
What additional costs arise when buying property in Mallorca?
In addition to the purchase price, additional costs of approximately 8–13% usually apply depending on the property. These include property transfer tax or VAT, notary fees, land registry fees and, if applicable, legal advice.
How long does it take to buy property in Mallorca?
The timeline depends on the property and the financing. In many cases, the entire process from the reservation contract to the notarized purchase takes around 4 to 8 weeks.
However, longer timeframes are also possible. The details are usually defined in a preliminary contract, the Contrato de Arras.
Can I finance a property purchase in Mallorca?
Yes. Spanish banks also provide mortgages for international buyers. The main requirements are sufficient collateral and proof of income.
We are happy to support you throughout this process as a German-speaking contact. This service is free of charge for you.
Is buying property in Mallorca safe?
Yes. Buying property in Mallorca is considered legally very secure when the purchase is handled correctly. Important steps include verifying ownership, signing a notarized purchase contract and registering the property in the land registry. Professional guidance ensures that every step is carried out correctly and legally.
What taxes are paid when buying property in Mallorca?
When purchasing a resale property, the property transfer tax (ITP) usually applies. For new developments, VAT (IVA) and stamp duty are payable.
The seller is responsible for paying the Plusvalía tax. Non-residents must also file and pay IRPF tax annually using Modelo 210.
In addition, annual property tax as well as wastewater and waste collection fees are paid to the local tax authority ATIB.
Can I rent out my property in Mallorca?
In principle, yes. However, tourist rentals require a rental license, which is not available in all areas of Mallorca. Alternatively, long-term rentals are usually possible.
The rental options for your property depend on its location, type of construction and the permits granted.