Buying Property in Mallorca

Discover the Mallorca property buying process

Updated: 26 August 2025

It’s everybody’s favourite holiday island, but Mallorca has offered much more than a fortnight in the sun for successive waves of settlers for the last 5,000 years. Today’s new residents are part of a society that is the wealthiest in the whole of Spain. That fact is reflected in the property prices and the now-controlled residential development regime on the Island.

Mallorca isn’t just a holiday hotspot — it’s a vibrant island with a rich history and a high standard of living. Strict planning rules keep new development in check, so property remains in demand and values stay strong. From stunning beaches and bustling resorts to charming inland villages full of culture, hiking trails and mountain biking, there’s something for everyone. You’ll find upmarket villas, sea-view homes and traditional fincas, all with excellent flight connections through Palma Airport and a lively calendar of festivals and events. Whether you’re looking for a holiday base, a rental investment, or a permanent move, Mallorca has it all.

Start buying property

Options for finding your property include:

Estate Agents (Inmobiliarias): Often multilingual and regionally focused. Commission is usually included in the asking price, and properties may appear with multiple agents at different prices.
Property searchers: Independent specialists who shortlist properties for you. They may charge a fee or take commission.
Notary (Notario): A public official who legalises transactions, confirms the title, checks for debts and ensures all documents are legally valid.
New builds & developments: Often sold directly by developers. Research their track record before committing.

Independent legal advice is essential. Choose a lawyer registered with the Bar Association and not recommended by the agent. You will also need a NIE number to handle taxes.

It’s wise to explore mortgage options before you start your search.

Apartment for Sale, Port de Pollença

Located in
Port de Pollenca (Puerto Pollensa)

This fantastic family ground floor for sale in Puerto de Pollensa is located in the Siller urbanization, in a building with only six homes, a short distance from the centre of the Port, and enjoys excellent tranquillity.

Price: €480,000
Villa for Sale

Located in
Pollenca

Nestled in the peaceful countryside between the Puig de Maria and Puig de Santuiri, this newly renovated 3-bedroom, 2-bathroom villa offers the perfect blend of modern comfort and traditional Mallorcan charm. Located just minutes from the historic town of Pollença, the property enjoys a privileged position surrounded by natural beauty and views.

Price: €1,500,000
Townhouse for Sale, Pollença Pueblo

Located in
Pollenca

Small and charming town house in a picturesque and very quiet area for sale in Pollensa.

Price: €372,000
Townhouse for Sale

Located in
Pollenca

Introducing an exceptional development opportunity in one of Mallorca’s most sought-after areas. This exclusive project combines elegance, privacy, and strategic positioning - perfect for investors or those looking to build a dream home in the Mediterranean.

Price: €595,000
Townhouse for Sale

Located in
Pollenca

Nestled in the charming centre of Pollença, this stunning two-bedroom townhouse has been recently renovated to an exceptional standard. The property blends clean, contemporary design with authentic Mallorcan and Mediterranean touches, creating a warm and stylish living environment.

Price: €955,000
Apartment for Sale

Located in
Port de Pollenca (Puerto Pollensa)

Located within the highly sought-after town of Port de Pollença, this beautifully presented apartment offers a refined lifestyle with a touch of Mediterranean luxury. Completed in 2016, the boutique complex occupies a spacious 2,043 m² plot and comprises just 15 residences across two low-rise buildings.

Price: €650,000

Buying process

Buying in Mallorca generally involves:

Opcion de Compra: A binding contract once your offer is accepted, with a deposit paid. It covers property details, fees, mortgage arrangements and exit clauses. New builds have staged payment plans. A ‘clause crio’ can protect against the seller withdrawing.
Mortgage arrangements: Non-residents usually borrow a portion of the property value. Proof of income, life insurance and a Spanish bank account are required. Brokers can help with language and local contacts.
Notary instruction: The notary ensures all documentation is correct and transfers the title.
Completion: The final deed (Escritura) is signed by all parties. Funds and taxes are paid, insurance confirmed, and the deeds are registered in your name. Power of attorney can be used if you can’t attend.

Prestige Villas Real Estate Agent

Located in
Pollenca

Prestige Villas, powered by Prestige Properties, the most prestigious estate agents for summer rentals in Northern Majorca (Cala San Vicente, Formentor, Puerto Pollensa, Puerto Alcudia, Pollensa).
Inmobiliaria Port Real Estate, Porto Pollenca

Located in
Port de Pollenca (Puerto Pollensa)

Experienced real estate service in Puerto Pollensa specialising in holiday rentals, long time rentals, property sales, property valuation, marketing and many other services.
First Mallorca Real Estate

Located in
Puerto Portals

This Mallorca Estate Agent offers an unparalleled range of properties across the entire island, with the main focus on the southwest. They are also renowned for publishing a comprehensive and transparent market report every year.
Sol Inmobiliaria Estate Agents

Located in
Pollenca

One of the premier estate agents on the sunshine island of Mallorca and have offices in the old town of Pollensa and Port de Pollensa.
Taylor Wimpey Real Estate Agent

Located in
Palma de Mallorca

An international property developer and has been operating in Spain since 1958. They have distinguished themselves by building some of Spain’s most prestigious residential developments.
Engel & Volkers Real Estate

Located in
Palma de Mallorca

Engel & Völkers is one of the most reputable and leading international real estate agencies in Mallorca and the world. They have around 15 offices across the Island.

Offer to completion process

Before completion:

Obtain a Nota Simple from the Land Registry to check ownership, debts and restrictions.
Verify planning permissions, land boundaries, licences, and utilities.
Have a lawyer fluent in English and Spanish guide you.
Arrange a survey, ideally from an RICS-accredited surveyor.
Research similar properties to ensure a fair price.
Confirm who pays local taxes (IBI, Plusvalia) and any outstanding utility bills.

Property buying fees

Expect additional costs on top of the purchase price, usually around 10%, including:

Legal fees
Notary and land registration fees
Estate agent fees
Property transfer tax or VAT (for new builds)
Plusvalia tax (often the seller’s responsibility)
Mortgage arrangement fees
Currency exchange costs if transferring funds from abroad

For new builds, deposits should be bank guaranteed, and off-plan properties must have a certificate of completion signed by a registered architect.

Mortgages

Spanish banks will lend a portion of the property’s value based on a valuation, and you’ll need to provide proof of income, tax returns and life insurance. There are a few ways to arrange a mortgage: you can go directly through Spanish banks and lenders, each with their own criteria and fees, or use a mortgage broker who can offer advice, access multiple lenders and help navigate any language barriers. Some estate agents also provide mortgage services, though these tend to be less independent than a broker.

General taxes

As a property owner in Spain, you’ll need to keep an eye on a few taxes. Wealth tax is charged based on the value of your property and is paid each year. It’s also a good idea to make a Spanish will to cover your property and assets, which can save your family a lot of headaches when it comes to inheritance.