Can a foreigner buy a house in Mallorca?

What do I need to buy a property in Mallorca? To be able to buy and own a property in Spain you need a NIE-number (Número de Identidad de Extranjero) which is similar to a Spanish social security number but for foreign citizens. You can get the number either at the Spanish embassy in your country or in Spain.



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About Mallorca Buying a property in Mallorca is considered to be a good solid investment, with all the benefits associated with an exclusive second home in the sun. The island's attraction lies in its varied landscape, warm climate, culture and the sophisticated infrastructure it can offer.

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How long can I stay in Spain without becoming a resident? You can stay in Spain for a maximum of 183 days per year (6 months) in order to not become a resident. If you spend an extra day (184 days and onwards), you will be regarded as a resident, hence paying resident taxes in the country.

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Typical house in Mallorca Average buying price — 650 000 – 750 000 €.

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The average cost per square meter in Spain at the time of writing (January 2023) is 1.921 €/m2, and in Mallorca — 3.706 €/m2. It is 48% higher than the average in Spain. Over the past 2022, the difference in these indicators has increased by 7%.

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Should you need a mortgage, you will also need a Spanish bank account. Some Spanish banks accept opening bank accounts for non-residents in Spain from abroad, but some others require to sign the opening of the account in Spain, personally or through an attorney, and again, this can take some time.

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Affordable Cost of Living: Compared to other popular retirement destinations, the cost of living in Mallorca can be relatively affordable, particularly in terms of housing costs. This can make it an attractive option for retirees looking to stretch their retirement savings.

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According to property website Idealista, Petra is the cheapest place in Mallorca to buy a home. The average price per square metre in Petra is 1,173 euros. This is more than 200 euros cheaper than the second cheapest - Felanitx at an average of 1,383 euros.

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Where is the best area to live in Mallorca as a foreigner?
  • Pollensa and Puerto de Pollensa. ...
  • Artà and Capdepera. ...
  • Marratxí ...
  • Santanyí ...
  • Andratx and Port d'Andratx. ...
  • Calvià ...
  • Llucmajor. ...
  • Santa María, Binissalem y Alaró (central zone)


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The richest towns are Valldemossa with 19,225; Escorca with 17,687; Deya with 17,231; Puerto Soller with 16,634 and Puigpunyent with 16,110. The least wealthy areas are Calvia with 14,120, followed by Banyalbufar with 14,848 and Esporles with 14,516.

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