Can foreigners buy property in Magaluf?

Yes. There are no restrictions on buying property in Spain , whether it's commercial, residential or land. In fact, Spain encourages investment by foreigners, both resident and non-resident. You will require a financial number which can acquire by visiting a police station with your passport.

How do I buy a property in Magaluf?

The process of buying a property in Spain usually runs as follows. First, the buyer makes an offer, usually through the seller's real estate agent. If this is accepted, then the buyer and seller sign a preliminary contract (contrato privado de compravento) and the buyer pays a deposit, typically 10% of the purchase price. Then the agent helps to organise property check and if there're no burdens or restrictions, a final sales contract is prepared.

Do I need a Spanish bank account to buy a property in Spain?

Yes. You will want a bank account in Spain once you have bought your Spanish property. This will enable you to set up direct debits and standing orders to pay for your utilities and bills .

Can I get a mortgage in Spain?

Yes. Although to get a mortgage in Spain you need NIE (Número de Identificación de Extranjeros). If you're in Spain, you can start the NIE application process at any local police station. Outside of Spain, the best way to apply for an NIE is to contact your local Spanish consulate.

What is a Spanish residence permit?

A long-term residence permit allows you to stay in Spain indefinitely, working or otherwise, under the same conditions as Spanish citizens. You can apply for Spanish nationality after 10 years of residence in Spain.

How do I get a residence permit in Spain?

Dedending on type (for students, for investors, etc.) you can obtain Spanish residence permit at Foreigner’s Office in Spain or at Spanish Consulate in your country of residence.

How long does it take to get residency in Spain?

The terms are based on the type of the residence (for students, for investors, etc.). Some of them can be obtained in less than one month.

Can I get residency in Spain if I buy property?

Yes. When buying a property, you can get a residence permit in Spain, which will allow you to legally reside in the country. At the moment, the most suitable program for obtaining a Spanish residence permit is a Non-Lucrative residence visa in Spain . The main requirement of the program is to provide sufficient financial guarantees, as well as the availability of housing in Spain. Until 2025, investors had the opportunity to apply for a golden visa to Spain when buying real estate starting from 500 thousand euros, and the program has been officially closed since April 2025.

How can I get permanent residency in Spain?

You can get permanent residency in Spain after 5 years of legal residence.

How long does it take to become a citizen in Spain?

The standard criteria for citizenship in Spain is 10 years of legal residence. There are reduced terms (1, 2 or 5 years) for residency based on naturalization, origin, option, etc.

Property for Sale in Magaluf, Buy Real Estate

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With balcony/terrace

2-bedroom apartment 156 m² in Magaluf

Magaluf, Balearic Islands, Spain

1,550,000 €

Total area 156 m² · 2 bedrooms · 2 bathrooms

Elvira Gracheva

Head of Sales Tranio Europe

Residence Permit in Europe for Living, Travelling, and Capital Freedom

We will find the right programme, property, negotiate favourable terms, and support the transaction

Discuss Options

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With balcony/terrace

2-bedroom apartment 63 m² in Llucmajor

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Total area 63 m² · 2 bedrooms · 2 bathrooms

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1-bedroom apartment 50 m² in Llucmajor

Llucmajor, Balearic Islands, Spain

319,000 €

Total area 50 m² · 1 bedroom · 1 bathroom

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2-bedroom apartment 53 m² in Llucmajor

Llucmajor, Balearic Islands, Spain

350,000 €

Total area 53 m² · 2 bedrooms · 2 bathrooms

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6-bedroom villa 1,100 m² in Sa Torre

Sa Torre, Balearic Islands, Spain

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Total area 1,100 m² · Land area: 1,300 m² · 6 bedrooms · 8 bathrooms

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3-bedroom villa 300 m² in Costa de la Calma

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Total area 300 m² · Land area: 1,035 m² · 3 bedrooms · 2 bathrooms

5-bedroom villa 617 m² in Cala Vinyes for 12,600,000 €

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5-bedroom villa 617 m² in Cala Vinyes

Cala Vinyes, Balearic Islands, Spain

12,600,000 €

Total area 617 m² · Land area: 1,290 m² · 5 bedrooms · 7 bathrooms

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6-bedroom villa 700 m² in Pollença

Pollença, Balearic Islands, Spain

3,990,000 €

Total area 700 m² · Land area: 2,122 m² · 6 bedrooms · 5 bathrooms

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6-bedroom villa 1,700 m² in Port d'Andratx

Port d'Andratx, Balearic Islands, Spain

3,900,000 €

Total area 1,700 m² · Land area: 1,629 m² · 6 bedrooms · 8 bathrooms

With swimming pool

4-bedroom villa in Costa d'en Blanes

Costa d'en Blanes, Balearic Islands, Spain

2,950,000 €

Land area: 1,420 m² · 4 bedrooms · 2 bathrooms

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7-bedroom villa 800 m² in Portals Nous

Portals Nous, Balearic Islands, Spain

11,450,000 €

Total area 800 m² · Land area: 1,328 m² · 7 bedrooms · 7 bathrooms

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8-bedroom villa 1,380 m² in Port d'Andratx

Port d'Andratx, Balearic Islands, Spain

17,950,000 €

Total area 1,380 m² · Land area: 2,471 m² · 8 bedrooms · 7 bathrooms

With swimming pool

8-bedroom villa 590 m² in Bunyola

Bunyola, Balearic Islands, Spain

2,550,000 €

Total area 590 m² · Land area: 1,350 m² · 8 bedrooms · 8 bathrooms

Garden view

3-bedroom apartment 119 m² in Peguera

Peguera, Balearic Islands, Spain

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Total area 119 m² · 3 bedrooms · 2 bathrooms

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4-bedroom villa 368 m² in Costa de la Calma

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1,975,000 €

Total area 368 m² · Land area: 1,130 m² · 4 bedrooms · 4 bathrooms

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3-bedroom apartment 136 m² in Cala Vinyes

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3-bedroom apartment 135 m² in Palmanova for 1,150,000 €

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3-bedroom apartment 135 m² in Palmanova

Palmanova, Balearic Islands, Spain

1,150,000 €

Total area 135 m² · 3 bedrooms · 2 bathrooms

With balcony/terrace

Apartment 136 m² in Costa de la Calma

Costa de la Calma, Balearic Islands, Spain

1,600,000 €

Total area 136 m²

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5-bedroom villa 500 m² in Pollença

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Total area 500 m² · Land area: 27,000 m² · 5 bedrooms · 5 bathrooms

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3-bedroom apartment 169 m² in Bendinat

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Total area 169 m² · 3 bedrooms · 4 bathrooms

4-bedroom villa 245 m² in Portals Nous for 2,850,000 €

With swimming pool

3 weeks ago

4-bedroom villa 245 m² in Portals Nous

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2,850,000 €

Total area 245 m² · Land area: 1,126 m² · 4 bedrooms · 3 bathrooms

With swimming pool

2-bedroom apartment 110 m² in Costa de la Calma

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Total area 110 m² · 2 bedrooms · 1 bathroom

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3-bedroom apartment 125 m² in Port d'Andratx

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3-bedroom apartment 156 m² in Calvia for 1,100,000 €

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3-bedroom apartment 156 m² in Calvia

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Total area 156 m² · 3 bedrooms · 3 bathrooms

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4-bedroom villa 350 m² in Es Capdellà

Es Capdellà, Balearic Islands, Spain

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Total area 350 m² · Land area: 1,082 m² · 4 bedrooms · 3 bathrooms

2 months ago

3-bedroom villa 421 m² in El Toro

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1,350,000 €

Total area 421 m² · Land area: 1,095 m² · 3 bedrooms · 2 bathrooms

1-25 of 52 listings, page 1 of 2

Tranio’s client cases

All cases

25 April 2024
Tranio case: buying an apartment in Madrid and obtaining Spain Golden Visa
Today Spain is one of the most popular EU countries for obtaining a residency by investments. To participate in the Spain Golden Visa programme, an investor must invest more than 500 thousand euros in the state economy or...
24 January 2024
Tranio’s client experience: buying a second home on the Costa Blanca
Spanish real estate has consistently been in high demand in the past few decades.
02 September 2016
The quest for the Golden Visa: a Tranio.com client on buying a flat in Estepona, Spain
Tranio.com’s client describes buying a Spanish property to obtain a Golden Visa residence permit.
15 January 2016
Risk-free transaction: this Tranio client bought a foreclosed flat in Marbella
This buyer chose a foreclosed flat in Spain’s upmarket Marbella. She tells us why she decided on this property that didn’t even make it to her shortlist.
12 September 2015
Profitable pleasure: two months rent covers Tranio buyer’s yearly costs
Dmitry, an entrepreneur from Moscow, bought a holiday home in Alicante on the Costa Blanca in 2014 with Tranio. One year later, we met with him to see how things were going.
10 September 2015
Keeping it in the family: three sisters buy a flat in Torrevieja
It's easier to buy property abroad when your family is behind you. This is how three sisters in their early sixties, Irina and Marina and Irina bought a holiday home in Torrevieja.
25 August 2015
Golden visas and marinas: yacht-aficionado buys luxury villa in Spain
Eugene, chief executive of a major Russian company, first considered buying property abroad when he took up yachting. We talked to him after he bought a villa in Catalonia near a marina.
17 July 2015
Owning property in Spain: a British perspective
Steve, an English expat in Moscow, Russia, bought a flat in Spain. Two years on, we asked him for the British perspective on Spain’s real estate, buyer’s remorse and bureaucracy.
18 March 2026
Turnkey EU Residence Permit: How a Family Bought an Apartment in Tranio’s Filosofia Project and Received a Greek...
In 2025, a family came to us: a married couple and their adult son. Their goal was to obtain a European residence permit. Initially, they were choosing between Cyprus and Greece. Ultimately, the Greek Golden Visa programme...
29 July 2025
From Old Office to Modern Apartment: Securing Property and a Greek Residence Permit in Five Months under the...
Once again, a Tranio client has chosen Greece Golden Visa programme as the most affordable European residency option through real estate investment. The programme was revised in 2024. Now, the most accessible route is through...

Property for sale in Magaluf

Importance of Investing in Property in Magaluf

Research the Magaluf Property Market

Mortgage Options for Local and Foreign Buyers

Additional Costs

Potential Rental Income and Return on Investment

Organizing a Professional Property Inspection

Legal Requirements and Documentation

Closing the Deal

Insurance and Tax Obligations

Conclusion