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, Spain

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

With swimming pool

New luxury villa in Son Vida with Holiday Rental License

3,500,000 €

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

1,964 m², 1 bedroom, villa + plot 465 m²

Son Vida, Palma de Mallorca, Balearic Islands, Spain

3,500,000 €

Spectacular designer villa completely renovated in the heart of the prestigious golf Son Vida, preserving the beautiful... Read more

Country villa with a garden, a pool, a garage, terraces and sea views, Palma de Mallorca, Spain for 3,900,000 €

With swimming pool

Country villa with a garden, a pool, a garage, terraces and sea views, Palma de Mallorca, Spain

3,900,000 €

Total area 1,090 m²Land area: 9,000 m²6 bedrooms6 bathrooms

1,090 m², 6 bedrooms, villa + plot 9,000 m²

Palma de Mallorca, Balearic Islands, Spain

3,900,000 €

A rural villa in Mallorca, built in the early 1900s with magnificent sea views. When you enter this private house through... Read more

Off-plan property

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

470,000 €

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 €

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

751 m², 6 bedrooms, villa + plot 2,000 m²

Son Vida, Palma de Mallorca, Balearic Islands, Spain

3,950,000 €

A modern villa is located in the Son Vida area, Palma de Mallorca, with panoramic views to the south-west, has a large... Read more

Comfortable villa with a garden, a pool, a garage and terraces, Son Vida, Spain for 2,850,000 €

With swimming pool

Comfortable villa with a garden, a pool, a garage and terraces, Son Vida, Spain

2,850,000 €

Total area 387 m²Land area: 1,011 m²5 bedrooms6 bathrooms

387 m², 5 bedrooms, villa + plot 1,011 m²

Son Vida, Palma de Mallorca, Balearic Islands, Spain

2,850,000 €

A comfortable villa with a south-western orientation on a plot of 1,011 m² in an excellent location of Son Vida overlooking... Read more

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

With swimming pool

Luxury palace close to Palma s Cathedral

13,500,000 €

Total area 890 m²Land area: 833 m²4 bedrooms8 bathrooms

890 m², 4 bedrooms, villa + plot 833 m²

Palma de Mallorca, Balearic Islands, Spain

13,500,000 €

Spectacular fully refurbished minimalist luxury mansion conserving the property s traditional Majorcan style. The property... Read more

Cozy villa with terraces, a pool, a parking and a garden, Palma de Mallorca, Spain for 1,365,000 €

With swimming pool

Cozy villa with terraces, a pool, a parking and a garden, Palma de Mallorca, Spain

1,365,000 €

Total area 392 m²Land area: 7,500 m²5 bedrooms5 bathrooms

392 m², 5 bedrooms, villa + plot 7,500 m²

Palma de Mallorca, Balearic Islands, Spain

1,365,000 €

This luxurious villa with an official tourist rental license for up to 10 people is located in a quiet residential... Read more

Modern villa with a guest area, terraces, two pools, a garage and a garden, Palma de Mallorca, Spain for 5,000,000 €

With swimming pool

Modern villa with a guest area, terraces, two pools, a garage and a garden, Palma de Mallorca, Spain

5,000,000 €

Total area 750 m²Land area: 4,000 m²5 bedrooms5 bathrooms

750 m², 5 bedrooms, villa + plot 4,000 m²

Palma de Mallorca, Balearic Islands, Spain

5,000,000 €

A modern villa with a guest area, offers an unforgettable vacation. The house was built in 2006. The villa has covered... Read more

Spacious villa with a garden, a pool, a parking and terraces, Son Vida, Spain for 3,850,000 €

With swimming pool

Spacious villa with a garden, a pool, a parking and terraces, Son Vida, Spain

3,850,000 €

Total area 602 m²Land area: 2,141 m²6 bedrooms6 bathrooms

602 m², 6 bedrooms, villa + plot 2,141 m²

Son Vida, Palma de Mallorca, Balearic Islands, Spain

3,850,000 €

A newly built villa overlooking the golf course and surroundings. The plot has gardens with a combination of lawns... Read more

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 €

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

681 m², 7 bedrooms, villa + plot 1,070 m²

Palma de Mallorca, Balearic Islands, Spain

2,200,000 €

A villa is located on the outskirts of Palma and has two spacious terraces and a roof terrace with stunning views of the surroundings.... Read more

Spacious villa with terraces, a pool, a barbecue area, a summer kitchen, two garages and two gardens, Palma de Mallorca, Spain for 2,400,000 €

With swimming pool

Spacious villa with terraces, a pool, a barbecue area, a summer kitchen, two garages and two gardens, Palma de Mallorca, Spain

2,400,000 €

Total area 665 m²Land area: 15,000 m²8 bedrooms8 bathrooms

665 m², 8 bedrooms, villa + plot 15,000 m²

Palma de Mallorca, Balearic Islands, Spain

2,400,000 €

The villa with two entrances is located in a quiet area and offers terraces with mountain views, a total area of 420 m².... Read more

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 €

Total area 198 m²3 bedrooms3 bathrooms

198 m², 3 bedrooms, penthouse

Palma de Mallorca, Balearic Islands, Spain

1,250,000 € 6,313 € per m²

A luxury penthouse with a parking space, a storage room, a terrace of 36 m² and another roof-top terrace of 76 m² is... Read more

Spacious villa with three apartments, terraces, a pool and a relaxation area, Palma de Mallorca, Spain for 1,050,000 €

With swimming pool

Spacious villa with three apartments, terraces, a pool and a relaxation area, Palma de Mallorca, Spain

1,050,000 €

Total area 478 m²Land area: 401 m²5 bedrooms4 bathrooms

478 m², 5 bedrooms, villa + plot 401 m²

Palma de Mallorca, Balearic Islands, Spain

1,050,000 €

A completely renovated villa, consisting of three apartments, is located in the heart of San Agustin. The villa offers... Read more

Cozy penthouse with four terraces and a garage in a residential complex with a garden and a pool, Palma de Mallorca, Spain for 3,240,000 €

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

3,240,000 €

Total area 250 m²4 bedrooms4 bathrooms

250 m², 4 bedrooms, penthouse

Palma de Mallorca, Balearic Islands, Spain

10 floor of 10

3,240,000 € 12,960 € per m²

This magnificent penthouse is located in a residential complex on the tenth floor. The apartments have been completely... Read more

Spacious villa with a pool, a garage and a terrace, Palma de Mallorca, Spain for 7,500,000 €

With swimming pool

Spacious villa with a pool, a garage and a terrace, Palma de Mallorca, Spain

7,500,000 €

Total area 1,080 m²Land area: 2,900 m²7 bedrooms7 bathrooms

1,080 m², 7 bedrooms, villa + plot 2,900 m²

Palma de Mallorca, Balearic Islands, Spain

7,500,000 €

This magnificent villa boasts a clean living area of 1,080 m² and is located on a plot of 2,900 m² in the most luxurious... Read more

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

Renovated apartment with terrace and parking next to Cort

900,000 €

Total area 112 m²Land area: 110 m²1 bedroom2 bathrooms

112 m², 1 bedroom, condo

Palma de Mallorca, Balearic Islands, Spain

4 floor

900,000 € 8,035 € per m²

Newly renovated apartment, located right next to Plaza Cort, with a private terrace with access from both the living... Read more

Spacious penthouse with two terraces and a parking in a residential complex with a garden and a pool, Palma de Mallorca, Spain for 2,990,000 €

With balcony/terrace

Spacious penthouse with two terraces and a parking in a residential complex with a garden and a pool, Palma de Mallorca, Spain

2,990,000 €

Total area 490 m²4 bedrooms4 bathrooms

490 m², 4 bedrooms, penthouse

Palma de Mallorca, Balearic Islands, Spain

2,990,000 € 6,102 € per m²

This two-level penthouse is located in a residential complex in the port area. Near the main entrance there are four... Read more

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

TO REFURBISH first and second floor duplex next to Santa Eulalia

800,000 €

Total area 165 m²Land area: 160 m²2 bedrooms2 bathrooms

165 m², 2 bedrooms, condo

Palma de Mallorca, Balearic Islands, Spain

800,000 € 4,848 € per m²

Duplex to refurbish on the first and second floor of a nice classical building located next to the Plaza de Santa Eulalia. The duplex... Read more

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

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

322,000 €

Total area 108 m²Land area: 108 m²1 bedroom1 bathroom

108 m², 1 bedroom, condo

Palma de Mallorca, Balearic Islands, Spain

322,000 € 2,981 € per m²

Mezzanine floor completely renovated located next to the Plaza San Francesc. It is located in a quiet street but one... Read more

Comfortable townhouse with a terrace, a garden, a patio and a garage in a complex with a garden and two pools, Palma de Mallorca, Spain for 799,000 €

Comfortable townhouse with a terrace, a garden, a patio and a garage in a complex with a garden and two pools, Palma de Mallorca, Spain

799,000 €

Total area 192 m²Land area: 299 m²5 bedrooms2 bathrooms

192 m², 5 bedrooms, terraced house + plot 299 m²

Palma de Mallorca, Balearic Islands, Spain

799,000 €

A townhouse is located in a residential complex on the outskirts of Palma, and is equipped with a terrace with a beautiful... Read more

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 €

Total area 153 m²1 bedroom2 bathrooms

153 m², 1 bedroom, penthouse

Palma de Mallorca, Balearic Islands, Spain

1,650,000 € 10,784 € per m²

A high-quality penthouse with a parking space, a storage room, a terrace of 27 m² and another roof-top terrace of 53... Read more

Apartment, completely renovated in the Sindicato-Avenidas area for 495,000 €

Apartment, completely renovated in the Sindicato-Avenidas area

495,000 €

Total area 120 m²Land area: 120 m²1 bedroom2 bathrooms

120 m², 1 bedroom, condo

Palma de Mallorca, Balearic Islands, Spain

495,000 € 4,125 € per m²

Sixth floor, bright and completely renovated of 120 square meters in Sindicato-Avenidas area, consists of an integrated... Read more

Apartment – Palma de Mallorca, Balearic Islands, Spain for 1,950,000 €

With balcony/terrace

Apartment – Palma de Mallorca, Balearic Islands, Spain

1,950,000 €

Total area 130 m²2 bedrooms2 bathrooms

130 m², 2 bedrooms, apartment

Palma de Mallorca, Balearic Islands, Spain

1,950,000 € 15,000 € per m²

Stunning newly refurbished apartment offering a unique front line location in Cala Mayor, minutes from the center of Palma... Read more

Comfortable penthouse with a terrace and a parking in a complex with a garden, a terrace, a solarium and a pool, Palma de Mallorca, Spain for 890,000 €

With balcony/terrace

Comfortable penthouse with a terrace and a parking in a complex with a garden, a terrace, a solarium and a pool, Palma de Mallorca, Spain

890,000 €

Total area 180 m²4 bedrooms2 bathrooms

180 m², 4 bedrooms, penthouse

Palma de Mallorca, Balearic Islands, Spain

890,000 € 4,944 € per m²

A penthouse with stunning views of the sea, Palma Bay and Belver Castle, is located in a residential complex. The apartments... Read more

Spacious apartment with a terrace in a residential complex with two pools, Palma de Mallorca, Spain for 1,650,000 €

With balcony/terrace

Spacious apartment with a terrace in a residential complex with two pools, Palma de Mallorca, Spain

1,650,000 €

Total area 146 m²3 bedrooms3 bathrooms

146 m², 3 bedrooms, apartment

Palma de Mallorca, Balearic Islands, Spain

1,650,000 € 11,301 € per m²

This renovated apartment is located in a gated residential complex, on the first coastline. The apartment is sold furnished... Read more

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 €

Total area 150 m²1 bedroom3 bathrooms

150 m², 1 bedroom, condo

Palma de Mallorca, Balearic Islands, Spain

1 floor

644,000 € 4,293 € per m²

An apartment of 95 m² with a terrace of 55 m² is situated on the ground floor of a state-of-the-art building with a swimming... Read more

Property for sale in Palma de Mallorca

Discounted properties upon request

FAQ about Palma de Mallorca