Do I need a NIE number to buy in Mallorca?

Yes. The NIE is your Spanish tax identification number and is required to sign at the notary, pay taxes and open utilities. You can apply at a Spanish consulate abroad or at a police station in Mallorca.

Do I need a Spanish lawyer?

It is strongly recommended. An independent lawyer checks the land registry entry, debts, licences, boundaries and whether the building is fully legalised — the notary confirms the signature, not the property's condition.

Can I get a mortgage in Spain as a non-resident?

Yes. Spanish banks typically lend up to 60–70 % of the valuation to non-residents, over terms up to 25 or 30 years, and will require proof of income, tax returns and existing debts.

What running costs should I budget for?

IBI property tax, rubbish collection, community fees if applicable, home insurance, utilities and — for non-residents — the annual non-resident income tax declaration on imputed rental value.

Property Buying Guide for Mallorca

Everything you need to know about buying property in Mallorca as a foreigner

Step-by-Step Process

1
Get NIE

Apply for Foreigner Identification Number - mandatory for all property transactions

2
Open Bank Account

Open a Spanish bank account for transactions

3
Find Property

Search and select the ideal property with a trusted real estate agent

4
Make Offer

Submit an official offer and negotiate the price

5
Private Contract

Sign the private purchase contract and pay deposit (typically 10%)

6
Legal Inspection

Conduct comprehensive legal checks on the property

7
Get Mortgage

Finalize mortgage financing if needed

8
Public Deed

Sign at notary and transfer property officially

Country-Specific Rules

United Kingdom

British citizens need NIE and can purchase freely. Post-Brexit: no additional restrictions for property purchases.

Germany

German citizens (EU) can purchase freely with NIE. No special restrictions.

Denmark

Danish citizens (EU) can purchase freely with NIE. No special restrictions.

Sweden

Swedish citizens (EU) can purchase freely with NIE. No special restrictions.

Norway

Norwegian citizens (non-EU) need NIE. No special restrictions for property purchases.

Mallorca-Specific Rules

Restrictions in protected areas (ANEI)
Special regulations for rural properties
Limited tourist rental licenses
Property transfer tax: 8-11.5%
Notary and registration: 1-2% of purchase price

Contact for More Information

For personalized assistance with your property purchase, contact our expert:

Mogens Elhauge

+45 20450103

mogenselhauge@gmail.com