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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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 €

£3,012,000

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 €

£2,410,000

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

Off-plan property

New building in center of Barcelona with panoramic views, garden and pool

485,000 €

Estimated completion Q3 of 2018

Modern villa with a garden, a pool, a parking and a terrace, Palma de Mallorca, Spain for 3,950,000 €

With swimming pool

Modern villa with a garden, a pool, a parking and a terrace, Palma de Mallorca, Spain

3,950,000 €

£3,400,000

Total area 751 m²Land area: 2,000 m²6 bedrooms5 bathrooms

Two-storey villa on the first line from the beach in Palma de Mallorca, Spain for 2,750,000 €

The first line

Two-storey villa on the first line from the beach in Palma de Mallorca, Spain

2,750,000 €

£2,367,000

Total area 360 m²Land area: 664 m²6 bedrooms4 bathrooms

Three-bedroom apartment on the seafront in Palma de Mallorca, Spain for 595,000 €

With balcony/terrace

Three-bedroom apartment on the seafront in Palma de Mallorca, Spain

595,000 €

£512,000

Total area 95 m²3 bedrooms2 bathrooms

2 months ago

Luxury palace close to Palma s Cathedral for 13,500,000 €

With swimming pool

Luxury palace close to Palma s Cathedral

13,500,000 €

£11,619,000

Total area 890 m²Land area: 833 m²4 bedrooms8 bathrooms

Discounted properties upon request

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

Send a discount enquiry

Ksenia Kolesnikova,

Client manager

Furnished three-bedroom apartment with sea views in Palma de Mallorca, Spain for 1,250,000 €

With balcony/terrace

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

1,250,000 €

£1,076,000

Total area 144 m²3 bedrooms2 bathrooms

Comfortable villa with three terraces, a pool, a garage and a garden, Palma de Mallorca, Spain for 2,200,000 €

With swimming pool

Comfortable villa with three terraces, a pool, a garage and a garden, Palma de Mallorca, Spain

2,200,000 €

£1,894,000

Total area 681 m²Land area: 1,070 m²7 bedrooms5 bathrooms

Five-room penthouse with stunning sea views in Palma de Mallorca, Spain for 2,495,000 €

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

2,495,000 €

£2,147,000

Total area 260 m²4 bedrooms4 bathrooms

New high-quality penthouse with a parking and terraces in a building with a pool and a spa, Casco Antiguo distrcit, Palma de Mallorca, Spain for 1,250,000 €

With balcony/terrace

New high-quality penthouse with a parking and terraces in a building with a pool and a spa, Casco Antiguo distrcit, Palma de Mallorca, Spain

1,250,000 €

£1,076,000

Total area 198 m²3 bedrooms3 bathrooms

Three-storey ancient villa in the center of Palma de Mallorca, Spain for 2,500,000 €

With swimming pool

Three-storey ancient villa in the center of Palma de Mallorca, Spain

2,500,000 €

£2,152,000

Total area 530 m²Land area: 920 m²

Magnificent villa with a pool, a garden and a pond in Palma de Mallorca, Spain for 840,000 €

With swimming pool

Magnificent villa with a pool, a garden and a pond in Palma de Mallorca, Spain

840,000 €

£723,000

Total area 483 m²Land area: 5,800 m²7 bedrooms6 bathrooms

2 months ago

Villa – Palma de Mallorca, Balearic Islands, Spain for 850,000 €

With swimming pool

Villa – Palma de Mallorca, Balearic Islands, Spain

850,000 €

£732,000

Total area 293 m²Land area: 420 m²4 bedrooms3 bathrooms

3 weeks ago

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 €

£775,000

Total area 112 m²Land area: 110 m²1 bedroom2 bathrooms

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 €

£689,000

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 €

£277,000

Total area 108 m²Land area: 108 m²1 bedroom1 bathroom

Furnished modern apartment in Palma de Mallorca, Spain for 500,000 €

With balcony/terrace

Furnished modern apartment in Palma de Mallorca, Spain

500,000 €

£430,000

Total area 110 m²3 bedrooms1 bathroom

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

Apartment, completely renovated in the Sindicato-Avenidas area

429,000 €

£369,000

Total area 120 m²Land area: 120 m²1 bedroom2 bathrooms

One-bedroom bright apartment in Palma de Mallorca, Spain for 310,000 €

One-bedroom bright apartment in Palma de Mallorca, Spain

310,000 €

£267,000

Total area 34 m²1 bedroom1 bathroom

New luxury penthouse with two terraces in a residence with a pool and a gym, Palma de Mallorca, Spain for 1,650,000 €

With balcony/terrace

New luxury penthouse with two terraces in a residence with a pool and a gym, Palma de Mallorca, Spain

1,650,000 €

£1,420,000

Total area 153 m²1 bedroom2 bathrooms

Historic estate with a pool and a lush garden in Palma de Mallorca, Spain for 5,775,000 €

Historic estate with a pool and a lush garden in Palma de Mallorca, Spain

5,775,000 €

£4,971,000

Total area 2,400 m²Land area: 125,000 m²15 bedrooms5 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 €

£8,349,000

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

Three-bedroom sunny apartment in Palma de Mallorca, Spain for 250,000 €

With balcony/terrace

Three-bedroom sunny apartment in Palma de Mallorca, Spain

250,000 €

£215,000

Total area 128 m²3 bedrooms1 bathroom

New luxury apartment with a large terrace and a parking space in a building with a pool and a spa, Palma de Mallorca, Spain for 644,000 €

New luxury apartment with a large terrace and a parking space in a building with a pool and a spa, Palma de Mallorca, Spain

644,000 €

£554,000

Total area 150 m²1 bedroom3 bathrooms

New apartment with a patio and a solarium in an elite residence with a gym and a spa, Palma de Mallorca, Spain for 656,000 €

New apartment with a patio and a solarium in an elite residence with a gym and a spa, Palma de Mallorca, Spain

656,000 €

£564,000

Total area 126 m²3 bedrooms2 bathrooms

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Property for sale in Palma de Mallorca