Can foreigners buy property in Palma de Mallorca?

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 Palma de Mallorca?

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 Palma de Mallorca

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First class foyr-bedroom apartment near the beach in Palma de Mallorca, Spain for 1,995,000 €

With balcony/terrace

First class foyr-bedroom apartment near the beach in Palma de Mallorca, Spain

1,995,000 €

£1,731,000

Total area 230 m²4 bedrooms3 bathrooms

Three-bedroom apartment with sea views in Palma de Mallorca, Spain for 1,790,000 €

With balcony/terrace

Three-bedroom apartment with sea views in Palma de Mallorca, Spain

1,790,000 €

£1,553,000

Total area 164 m²3 bedrooms2 bathrooms

Tranio’s instruction

Turkish citizenship for the whole family for real estate purchase

From $400,000 · Rental income

Simple registration procedure;
Return on investment;
Temporary residence permit for quick relocation.

New luxury villa in Son Vida with Holiday Rental License for 3,500,000 €

New luxury villa in Son Vida with Holiday Rental License

3,500,000 €

£3,036,000

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

Two-storey villa with a swimming pool and a large plot in Palma de Mallorca, Spain for 2,800,000 €

With swimming pool

Two-storey villa with a swimming pool and a large plot in Palma de Mallorca, Spain

2,800,000 €

£2,429,000

Total area 643 m²Land area: 33,500 m²6 bedrooms4 bathrooms

Three-level villa with a pool and beautiful sea views in Genova, Mallorca, Spain for 2,900,000 €

With swimming pool

Three-level villa with a pool and beautiful sea views in Genova, Mallorca, Spain

2,900,000 €

£2,516,000

Total area 460 m²Land area: 830 m²2 bedrooms2 bathrooms

Five-room fully renovated apartment in Palma de Mallorca, Spain for 460,000 €

With balcony/terrace

Five-room fully renovated apartment in Palma de Mallorca, Spain

460,000 €

£399,000

Total area 113 m²3 bedrooms2 bathrooms

Discounted properties upon request

Send us an enquiry, we will find advantageous offers for you

Send a discount enquiry

Ksenia Kolesnikova,

Client manager

We find off-market properties
We organise viewings
We assist in obtaining a mortgage

Traditional mansion with a chapel, a swimming pool, a garden, stables in Palma de Mallorca, Spain for 5,775,000 €

With swimming pool

Traditional mansion with a chapel, a swimming pool, a garden, stables in Palma de Mallorca, Spain

5,775,000 €

£5,010,000

Total area 2,500 m²Land area: 125,000 m²15 bedrooms5 bathrooms

Two-bedroom apartment in a new complex, Palma de Mallorca, Spain for 1,050,000 €

With balcony/terrace

Two-bedroom apartment in a new complex, Palma de Mallorca, Spain

1,050,000 €

£911,000

Total area 135 m²2 bedrooms2 bathrooms

Farm with avocado and citrus plantation, swimming pool and villa in Palma de Mallorca, Spain for 2,175,000 €

Farm with avocado and citrus plantation, swimming pool and villa in Palma de Mallorca, Spain

2,175,000 €

£1,887,000

Total area 250 m²Land area: 20,000 m²4 bedrooms3 bathrooms

Five-room apartment a few steps from the beach, Palma de Mallorca, Spain for 1,650,000 €

With balcony/terrace

Five-room apartment a few steps from the beach, Palma de Mallorca, Spain

1,650,000 €

£1,431,000

Total area 165 m²4 bedrooms3 bathrooms

Five-room penthouse with stunning sea views in Palma de Mallorca, Spain for 2,195,000 €

With balcony/terrace

Five-room penthouse with stunning sea views in Palma de Mallorca, Spain

2,195,000 €

£1,904,000

Total area 260 m²4 bedrooms4 bathrooms

Exclusive two-bedroom apartment with a garage and sea views in Palma de Mallorca, Spain for 2,595,000 €

With balcony/terrace

Exclusive two-bedroom apartment with a garage and sea views in Palma de Mallorca, Spain

2,595,000 €

£2,251,000

Total area 278 m²3 bedrooms3 bathrooms

Three-level villa with a garage in Palma de Mallorca, Spain for 780,000 €

Three-level villa with a garage in Palma de Mallorca, Spain

780,000 €

£677,000

Total area 186 m²3 bedrooms2 bathrooms

Two-bedroom apartment in the center of Palma de Mallorca, Spain for 510,000 €

With balcony/terrace

Two-bedroom apartment in the center of Palma de Mallorca, Spain

510,000 €

£442,000

Total area 105 m²2 bedrooms1 bathroom

Renovated apartment with terrace and parking next to Cort for 900,000 €

Next to the sea

Renovated apartment with terrace and parking next to Cort

900,000 €

£781,000

Total area 112 m²Land area: 110 m²1 bedroom2 bathrooms

Stylish duplex apartment in Palma de Mallorca, Spain for 830,000 €

With balcony/terrace

Stylish duplex apartment in Palma de Mallorca, Spain

830,000 €

£720,000

Total area 116 m²2 bedrooms1 bathroom

TO REFURBISH first and second floor duplex next to Santa Eulalia for 800,000 €

Next to the sea

TO REFURBISH first and second floor duplex next to Santa Eulalia

800,000 €

£694,000

Total area 165 m²Land area: 160 m²2 bedrooms2 bathrooms

Renovated apartment in the old town of Palma, next to San Francesc for 322,000 €

Next to the sea

Renovated apartment in the old town of Palma, next to San Francesc

322,000 €

£279,000

Total area 108 m²Land area: 108 m²1 bedroom1 bathroom

Apartment, completely renovated in the Sindicato-Avenidas area for 429,000 €

Apartment, completely renovated in the Sindicato-Avenidas area

429,000 €

£372,000

Total area 120 m²Land area: 120 m²1 bedroom2 bathrooms

Stylish two-bedroom apartment in Palma de Mallorca, Spain for 550,000 €

With balcony/terrace

Stylish two-bedroom apartment in Palma de Mallorca, Spain

550,000 €

£477,000

Total area 82 m²2 bedrooms2 bathrooms

Ancient 17th century mansion with a restaurant in the center of Palma de Mallorca, Spain for 9,700,000 €

Ancient 17th century mansion with a restaurant in the center of Palma de Mallorca, Spain

9,700,000 €

£8,414,000

Total area 1,700 m²Land area: 5,000 m²

New two-bedroom penthouse in Palma de Mallorca, Spain for 1,420,000 €

With balcony/terrace

New two-bedroom penthouse in Palma de Mallorca, Spain

1,420,000 €

£1,232,000

Total area 161 m²2 bedrooms2 bathrooms

Two-bedroom new apartment in Palma de Mallorca, Spain for 644,000 €

With balcony/terrace

Two-bedroom new apartment in Palma de Mallorca, Spain

644,000 €

£558,000

Total area 88 m²2 bedrooms2 bathrooms

TO REFURBISH
Duplex apartment next to Santa Eulalia for 403,000 €

TO REFURBISH Duplex apartment next to Santa Eulalia

403,000 €

£350,000

Total area 146 m²Land area: 140 m²2 bedrooms1 bathroom

Comfortable apartment in the historical part of the city, Palma de Mallorca, Spain for 480,000 €

Comfortable apartment in the historical part of the city, Palma de Mallorca, Spain

480,000 €

£416,000

Total area 110 m²Land area: 110 m²3 bedrooms2 bathrooms

With balcony/terrace

Cozy penthouse with four terraces and a garage in a residential complex with a garden and a pool, Palma de Mallorca, Spain

2,475,000 €

£2,147,000

Total area 250 m²4 bedrooms4 bathrooms

With swimming pool

Two-bedroom apartment with sea views in Palma de Mallorca, Spain

570,000 €

£494,000

Total area 136 m²3 bedrooms3 bathrooms

Property for sale in Palma de Mallorca