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. 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 Palma de Mallorca, Buy Real Estate from 495,000 €

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With balcony/terrace

3-bedroom apartment 278 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

2,595,000 €

Total area 278 m² · 3 bedrooms · 3 bathrooms

11-bedroom villa 532 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

3,500,000 €

Total area 532 m² · Land area: 364 m² · 11 bedrooms · 8 bathrooms

With swimming pool

4-bedroom villa 350 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

2,790,000 €

Total area 350 m² · Land area: 2,000 m² · 4 bedrooms · 3 bathrooms

With swimming pool

7-bedroom villa 630 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

3,250,000 €

Total area 630 m² · Land area: 776 m² · 7 bedrooms · 6 bathrooms

With swimming pool

2-bedroom penthouse 133 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

1,795,000 €

Total area 133 m² · 2 bedrooms · 2 bathrooms

3-bedroom penthouse 107 m² in Palma de Mallorca for 1,170,000 €

With balcony/terrace

2 months ago

3-bedroom penthouse 107 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

1,170,000 €

Total area 107 m² · 3 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

2-bedroom apartment 107 m² in Palma de Mallorca for 776,000 €

With balcony/terrace

2 months ago

2-bedroom apartment 107 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

776,000 €

Total area 107 m² · 2 bedrooms · 2 bathrooms

3-bedroom apartment 105 m² in Palma de Mallorca for 578,000 €

With balcony/terrace

2 months ago

3-bedroom apartment 105 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

578,000 €

Total area 105 m² · 3 bedrooms · 2 bathrooms

With swimming pool

2-bedroom apartment 90 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

1,350,000 €

Total area 90 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

2-bedroom apartment 97 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

1,375,000 €

Total area 97 m² · 2 bedrooms · 2 bathrooms

2-bedroom apartment 212 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

2,950,000 €

Total area 212 m² · 2 bedrooms · 2 bathrooms

With swimming pool

4-bedroom apartment 179 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

985,000 €

Total area 179 m² · 4 bedrooms · 2 bathrooms

Parking lot

2-bedroom apartment 214 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

1,495,000 €

Total area 214 m² · 2 bedrooms · 2 bathrooms

1-bedroom apartment 49 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

495,000 €

Total area 49 m² · 1 bedroom · 1 bathroom

With swimming pool

5-bedroom villa 422 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

4,500,000 €

Total area 422 m² · 5 bedrooms · 4 bathrooms

With swimming pool

4-bedroom apartment 297 m² in Palma de Mallorca

Palma de Mallorca, Balearic Islands, Spain

4,990,000 €

Total area 297 m² · 4 bedrooms · 4 bathrooms

Similar facilities nearby

With balcony/terrace

2-bedroom apartment 63 m² in Llucmajor

Llucmajor, Balearic Islands, Spain

368,000 €

Total area 63 m² · 2 bedrooms · 2 bathrooms

With swimming pool

6-bedroom villa 399 m² in Balearic Islands

Balearic Islands, Spain

2,700,000 €

Total area 399 m² · Land area: 1,817 m² · 6 bedrooms · 3 bathrooms

With swimming pool

6-bedroom villa 320 m² in Balearic Islands

Balearic Islands, Spain

4,500,000 €

Total area 320 m² · Land area: 750 m² · 6 bedrooms · 6 bathrooms

With swimming pool

5-bedroom villa 511 m² in Santa Eularia des Riu

Santa Eularia des Riu, Ibiza, Balearic Islands, Spain

3,800,000 €

Total area 511 m² · Land area: 1,507 m² · 5 bedrooms · 5 bathrooms

With swimming pool

4-bedroom villa 695 m² in Sant Josep de sa Talaia

Sant Josep de sa Talaia, Ibiza, Balearic Islands, Spain

3,550,000 €

Total area 695 m² · Land area: 1,056 m² · 4 bedrooms · 5 bathrooms

With swimming pool

3-bedroom villa 114 m² in La Siesta

La Siesta, Balearic Islands, Spain

950,000 €

Total area 114 m² · Land area: 150 m² · 3 bedrooms · 2 bathrooms

With balcony/terrace

3-bedroom apartment 300 m² in Ibiza

Ibiza, Balearic Islands, Spain

1,990,000 €

Total area 300 m² · 3 bedrooms · 2 bathrooms

With balcony/terrace

3-bedroom apartment 110 m² in Ibiza

Ibiza, Balearic Islands, Spain

1,102,000 €

Total area 110 m² · 3 bedrooms · 2 bathrooms

With swimming pool

3-bedroom villa 260 m² in Sant Josep de sa Talaia

Sant Josep de sa Talaia, Ibiza, Balearic Islands, Spain

1,890,000 €

Total area 260 m² · Land area: 1,200 m² · 3 bedrooms · 2 bathrooms

With garden

3-bedroom villa 168 m² in Sant Josep de sa Talaia

Sant Josep de sa Talaia, Ibiza, Balearic Islands, Spain

890,000 €

Total area 168 m² · Land area: 1,045 m² · 3 bedrooms · 2 bathrooms

Furnished

2-bedroom apartment 65 m² in Ibiza

Ibiza, Balearic Islands, Spain

885,000 €

Total area 65 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

2-bedroom apartment 95 m² in Ibiza

Ibiza, Balearic Islands, Spain

1,199,000 €

Total area 95 m² · 2 bedrooms · 2 bathrooms

With garden

7-bedroom villa in Santa Eularia des Riu

Santa Eularia des Riu, Ibiza, Balearic Islands, Spain

5,800,000 €

7 bedrooms · 7 bathrooms

Furnished

2-bedroom apartment 80 m² in Ibiza

Ibiza, Balearic Islands, Spain

597,000 €

Total area 80 m² · 2 bedrooms · 1 bathroom

With balcony/terrace

2-bedroom apartment 80 m² in Ibiza

Ibiza, Balearic Islands, Spain

696,000 €

Total area 80 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

2-bedroom apartment 76 m² in Balearic Islands

Balearic Islands, Spain

555,000 €

Total area 76 m² · 2 bedrooms · 1 bathroom

With balcony/terrace

5-bedroom apartment 240 m² in Ibiza

Ibiza, Balearic Islands, Spain

2,900,000 €

Total area 240 m² · 5 bedrooms · 4 bathrooms

With balcony/terrace

3-bedroom apartment in Ibiza

Ibiza, Balearic Islands, Spain

750,000 €

3 bedrooms · 2 bathrooms

With garden

3-bedroom villa 158 m² in Sant Josep de sa Talaia

Sant Josep de sa Talaia, Ibiza, Balearic Islands, Spain

1,550,000 €

Total area 158 m² · Land area: 541 m² · 3 bedrooms · 3 bathrooms

With swimming pool

8-bedroom villa 606 m² in Estellencs

Estellencs, Balearic Islands, Spain

3,500,000 €

Total area 606 m² · Land area: 2,460 m² · 8 bedrooms · 7 bathrooms

With balcony/terrace

1-bedroom apartment 50 m² in Llucmajor

Llucmajor, Balearic Islands, Spain

319,000 €

Total area 50 m² · 1 bedroom · 1 bathroom

Furnished

3-bedroom apartment 107 m² in Ibiza

Ibiza, Balearic Islands, Spain

600,000 €

Total area 107 m² · 3 bedrooms · 2 bathrooms

With swimming pool

3-bedroom villa 399 m² in Balearic Islands

Balearic Islands, Spain

2,950,000 €

Total area 399 m² · Land area: 105,000 m² · 3 bedrooms · 3 bathrooms

With balcony/terrace

2-bedroom apartment 174 m² in Santa Ponsa

Santa Ponsa, Balearic Islands, Spain

875,000 €

Total area 174 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

2-bedroom apartment 53 m² in Llucmajor

Llucmajor, Balearic Islands, Spain

350,000 €

Total area 53 m² · 2 bedrooms · 2 bathrooms

1-25 of 144 listings, page 1 of 6

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 Palma de Mallorca