{"id":3764,"date":"2026-10-31T10:27:50","date_gmt":"2026-10-31T10:27:50","guid":{"rendered":"https:\/\/isabellajanoschka.com\/?page_id=3764"},"modified":"2026-10-31T17:48:10","modified_gmt":"2026-10-31T17:48:10","slug":"immobilie-auf-mallorca-kaufen-als-deutscher","status":"publish","type":"page","link":"https:\/\/isabellajanoschka.com\/de\/buying-property-in-mallorca-as-a-foreigner","title":{"rendered":"Immobilie auf Mallorca kaufen als Deutscher"},"content":{"rendered":"\t\t
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Buying property in Mallorca as a foreigner: process and purchase costs (2026)<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
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Buying a home in Mallorca follows a clear sequence, but it differs from Germany, Switzerland or France in several ways: the reservation and deposit contract, the role of the notary and the taxes due on completion.<\/p>

This guide explains the steps and the costs to budget for, so you can plan your purchase before the first viewing.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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1. Before you start: NIE and a Spanish bank account<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Every buyer needs an NIE (n\u00famero de identidad de extranjero), the Spanish tax identification number for foreigners. You can apply at a Spanish consulate in your home country or in Spain, and your lawyer can often take care of it with a power of attorney.<\/p>

A Spanish bank account makes it easy to pay taxes, notary fees and utilities. Allow a few weeks for both before you expect to sign.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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2. Reservation and due diligence<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Once you have found the right home, a reservation agreement with a small deposit usually takes the property off the market for a short period.<\/p>

Your independent lawyer then checks the property: ownership and charges in the Land Registry, building licences and the certificate of occupancy, outstanding property tax or community fees, and whether the built area matches the registered and cadastral data. For country properties, the plot classification and any unlicensed buildings deserve particular attention.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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3. The deposit contract (contrato de arras)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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After the checks, buyer and seller usually sign a private deposit contract, and the buyer pays around 10% of the price. Under the most common form, the buyer loses the deposit if they withdraw, and the seller repays double the deposit if they do.<\/p>

The contract fixes the price, the completion date and what is included in the sale, such as furniture.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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4. Completion at the notary<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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The sale is completed by signing the public deed before a Spanish notary, where the balance is paid. The notary confirms identities and the legal formalities, but does not replace your own lawyer\u2019s checks. If you cannot attend, you can sign through a power of attorney.<\/p>

After completion, the transfer tax is paid and the deed is registered in your name at the Land Registry.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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5. Purchase costs at a glance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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Budget for purchase costs on top of the price. For a resale property, these are the main items:<\/p>

  • Transfer tax (ITP): progressive in the Balearic Islands, currently 8% up to \u20ac400,000, 9% up to \u20ac600,000, 10% up to \u20ac1,000,000, 12% up to \u20ac2,000,000 and 13% above. It is calculated on the higher of the price and the official reference value.<\/li>
  • Notary and Land Registry: usually a few thousand euros in total, depending on the price.<\/li>
  • Lawyer: often around 1% of the price plus VAT.<\/li>
  • Financing, if applicable: valuation, bank fees and the mortgage deed.<\/li><\/ul>

    For a new build bought from a developer, VAT of 10% and stamp duty, generally 1.5%, apply instead of transfer tax.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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    Example: a resale villa at \u20ac2.5 million<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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    For a resale villa at \u20ac2,500,000, the transfer tax would be about \u20ac275,000, roughly 11% of the price. Including notary, registry and lawyer, plan for around 12\u201313% on top of the price. Your lawyer will confirm the exact figures for your purchase.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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