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. If you buy property in Spain you can get a Spanish residency permit, which allows you to live in Europe. The only challenge is the paperwork, and you must invest at least 500,000€.

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 from 299,000€

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Studio apartment by the sea in Magaluf, Mallorca, Spain for 299,000 €

With balcony/terrace

Studio apartment by the sea in Magaluf, Mallorca, Spain

299,000 €

£256,000

Total area 40 m²1 bathroom

Two apartments on the first line from the beach in Magaluf, Mallorca, Spain for 1,860,000 €

With balcony/terrace

Two apartments on the first line from the beach in Magaluf, Mallorca, Spain

1,860,000 €

£1,592,000

Total area 221 m²3 bedrooms3 bathrooms

Similar facilities nearby

Villa – Port d'Andratx, Balearic Islands, Spain

562,000 €

With swimming pool

4 bedrooms2 bathrooms

Two-storey villa with two pools and sea views in Costa d'en Blanes, Mallorca, Spain

2,900,000 €

With swimming pool

Total area 518 m²Land area: 1,030 m²5 bedrooms4 bathrooms

Exquisite villa with a pool and a large lush garden in Andratx, Mallorca, Spain

2,555,000 €

With swimming pool

Total area 373 m²Land area: 13,000 m²4 bedrooms4 bathrooms

Designer villa with a pool and a spa in Sol de Mallorca, Spain

15,000,000 €

With swimming pool

Total area 838 m²Land area: 6,000 m²5 bedrooms7 bathrooms

Three-storey villa with 2 pools, a garden, a gym and a garage in Portals Nous, Mallorca, Spain

4,500,000 €

With swimming pool

Total area 376 m²Land area: 1,165 m²4 bedrooms3 bathrooms

Three-storey villa with a pool, a garden, a garage and a beautiful sea view in Palmanova, Mallorca, Spain

4,950,000 €

With swimming pool

Total area 600 m²Land area: 1,220 m²5 bedrooms5 bathrooms

Three-storey modern villa with a pool, a gym and a sea view in Sol de Mallorca, Spain

2,995,000 €

With swimming pool

Total area 690 m²Land area: 1,600 m²4 bedrooms5 bathrooms

Exquisite villa with guest houses, a swimming pool, a lush garden in Bunyola, Mallorca, Spain

6,950,000 €

With swimming pool

Total area 1,000 m²Land area: 137,000 m²12 bedrooms11 bathrooms

Five-room apartment near the sea in Palmanova, Mallorca, Spain

750,000 €

With balcony/terrace

Total area 140 m²4 bedrooms3 bathrooms

Three-bedroom well-maintained apartment in Peguera, Mallorca, Spain

595,000 €

With balcony/terrace

Total area 141 m²Land area: 400 m²3 bedrooms2 bathrooms

Two-storey villa with a pool and a parking in Palmanova, Mallorca, Spain

895,000 €

With swimming pool

Total area 200 m²Land area: 500 m²4 bedrooms3 bathrooms

Apartment – Port d'Andratx, Balearic Islands, Spain

500,000 €

Furnished

Total area 63 m²2 bedrooms1 bathroom

Magnificent house with sea views and a pool in Paguera, Mallorca, Spain

2,850,000 €

With swimming pool

Total area 280 m²Land area: 394 m²6 bedrooms4 bathrooms

Traditional estate with stables, a swimming pool and a huge plot of land in Calvia, Mallorca, Spain

7,950,000 €

Total area 420 m²Land area: 33,000 m²6 bedrooms4 bathrooms

Three-storey villa with panoramic sea views, a pool and a garden in Costa d'en Blanes, Mallorca, Spain

8,500,000 €

With swimming pool

Total area 494 m²Land area: 1,424 m²3 bedrooms3 bathrooms

Two-storey villa with sea views and a pool in Port Andratx, Mallorca, Spain

3,400,000 €

With swimming pool

Total area 298 m²Land area: 970 m²3 bedrooms2 bathrooms

New luxury villa in Son Vida with Holiday Rental License

3,500,000 €

Total area 1,964 m²Land area: 465 m²1 bedroom5 bathrooms

Seaviews villa in Puntir

2,400,000 €

Total area 8,141 m²Land area: 743 m²2 bedrooms6 bathrooms

Apartment – Port d'Andratx, Balearic Islands, Spain

450,000 €

Furnished

Total area 75 m²1 bedroom1 bathroom

Sunny villa with a pool near the sea in El Toro, Mallorca, Spain

1,910,000 €

With swimming pool

Total area 320 m²Land area: 710 m²5 bedrooms4 bathrooms

Elegant two-storey villa with a pool and a garden in Sol de Mallorca, Spain

2,850,000 €

With swimming pool

Total area 439 m²Land area: 1,266 m²4 bedrooms4 bathrooms

Five-room apartment in a complex with a swimming pool, Cas Catala, Mallorca, Spain

1,150,000 €

With balcony/terrace

Total area 148 m²4 bedrooms3 bathrooms

One-bedroom apartment near the sea in Palmanova, Mallorca, Spain

630,000 €

With balcony/terrace

Total area 58 m²1 bedroom1 bathroom

Two-storey villa with a private pool in El Toro, Mallorca, Spain

795,000 €

With swimming pool

Total area 180 m²Land area: 540 m²4 bedrooms2 bathrooms

Five-room apartment with a private garden in Sol de Mallorca, Spain

850,000 €

With balcony/terrace

Total area 173 m²Land area: 180 m²4 bedrooms2 bathrooms

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What they say about Tranio

All reviews

First and foremost Tranio is a very motivated team of professionals who surely know their job! We are very pleased with their well-coordinated work, timeliness of responses to the questions posed, and willingness to act in case of unusual situations.
Original letter

Coldwell Banker
It is with much enthusiasm that I personally recommend Tranio for a professional business collaboration in the ﬁeld of real estate, marketing, acquisition, and ﬁnance. The fundamentals of our business relationship with Tranio were set in 2016. Mundial AG has received the company’s great reputation throughout a number of international business pai’tners and stockholders. Tranio has helped our company to expand its horizons to the global market and has established benchmarks that would extend Mundial AG’s networks. The company has exceptional connections to potential investors and has a proﬁcient team that is capable of forming compound ﬁnancial models that attract ﬁnanciers. The cooperation with Tranio is based on professionalism, effectiveness, and Hypovﬂemsbank scrupulousness. Our experiences with Tranio are encouraging and progressive, which makes them one of our preeminent business paitners.
Original letter

Z. Farkas, Mundial AG
We are glad to have a partnership with Tranio! It offers a vast online property base and the best services.

Quality Villas

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