{"id":3383,"date":"2026-03-04T09:42:22","date_gmt":"2026-03-04T08:42:22","guid":{"rendered":"https:\/\/mallorca-portal.com\/buy-property-mallorca\/"},"modified":"2026-03-04T09:42:22","modified_gmt":"2026-03-04T08:42:22","slug":"buy-property-mallorca","status":"publish","type":"post","link":"https:\/\/mallorca-portal.com\/en\/buy-property-mallorca\/","title":{"rendered":"Buying Property in Mallorca \u2013 Guide for Expats"},"content":{"rendered":"<p>Mallorca has been one of the most popular locations for <strong>international property buyers<\/strong> for decades. Whether as a retirement home, holiday property or investment \u2013 buying real estate on the island has its own rules.<\/p>\n<h2>The buying process step by step<\/h2>\n<ol>\n<li><strong>Get your NIE number:<\/strong> Without a <a href=\"https:\/\/mallorca-portal.com\/en\/nie-number-mallorca\/\">NIE number<\/a>, no property purchase is possible<\/li>\n<li><strong>Find a property:<\/strong> Through agents, portals or private sellers. Also check our <a href=\"\/en\/classifieds\/\">classifieds<\/a><\/li>\n<li><strong>Hire a lawyer:<\/strong> An independent lawyer checks the legal status (land registry, building permits, debts)<\/li>\n<li><strong>Reservation contract:<\/strong> Secures the property with a deposit (usually 3,000-10,000 euros)<\/li>\n<li><strong>Pre-contract (Arras):<\/strong> Binding contract with 10% deposit. If the buyer withdraws, the deposit is lost<\/li>\n<li><strong>Notary appointment (Escritura):<\/strong> The purchase is notarised and registered in the land registry<\/li>\n<\/ol>\n<h2>Additional costs<\/h2>\n<p>Expect <strong>10-13% on top<\/strong> of the purchase price:<\/p>\n<ul>\n<li><strong>Transfer tax (ITP):<\/strong> 8-13% (tiered on the Balearics)<\/li>\n<li><strong>Notary fees:<\/strong> approx. 0.5-1%<\/li>\n<li><strong>Land registry:<\/strong> approx. 0.5%<\/li>\n<li><strong>Lawyer fees:<\/strong> approx. 1-1.5% (plus VAT)<\/li>\n<li><strong>Agent fees:<\/strong> In Spain, the seller usually pays<\/li>\n<\/ul>\n<h2>Running costs<\/h2>\n<ul>\n<li><strong>IBI (property tax):<\/strong> 0.4-1.1% of cadastral value annually<\/li>\n<li><strong>Waste collection:<\/strong> 100-300 euros\/year<\/li>\n<li><strong>Community fees:<\/strong> 50-500 euros\/month for apartments<\/li>\n<li><strong>Insurance:<\/strong> from 200-500 euros\/year<\/li>\n<\/ul>\n<h2>Common pitfalls<\/h2>\n<ul>\n<li><strong>Illegal constructions:<\/strong> Many older fincas have extensions without permits<\/li>\n<li><strong>Coastal protection law:<\/strong> Strict building regulations near the coast<\/li>\n<li><strong>Joint ownership:<\/strong> Properties with many owners can cause issues<\/li>\n<li><strong>Cash payments:<\/strong> Never pay part of the price &#8220;off the books&#8221;<\/li>\n<\/ul>\n<p>Find <a href=\"https:\/\/mallorca-portal.com\/en\/business-directory\/\">estate agents<\/a> in our business directory.<\/p>\n<p>Back to <a href=\"https:\/\/mallorca-portal.com\/en\/moving-to-mallorca\/\">moving to Mallorca guide<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mallorca has been one of the most popular locations for international property buyers for decades. Whether as a retirement home, holiday property or investment \u2013 buying real estate on the island has its own rules. The buying process step by step Get your NIE number: Without a NIE number, no property purchase is possible Find<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_rtcl_gb_attr":"","footnotes":""},"categories":[445],"tags":[],"class_list":["post-3383","post","type-post","status-publish","format-standard","hentry","category-immobilien-wohnen"],"_links":{"self":[{"href":"https:\/\/mallorca-portal.com\/en\/wp-json\/wp\/v2\/posts\/3383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mallorca-portal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mallorca-portal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mallorca-portal.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mallorca-portal.com\/en\/wp-json\/wp\/v2\/comments?post=3383"}],"version-history":[{"count":0,"href":"https:\/\/mallorca-portal.com\/en\/wp-json\/wp\/v2\/posts\/3383\/revisions"}],"wp:attachment":[{"href":"https:\/\/mallorca-portal.com\/en\/wp-json\/wp\/v2\/media?parent=3383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mallorca-portal.com\/en\/wp-json\/wp\/v2\/categories?post=3383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mallorca-portal.com\/en\/wp-json\/wp\/v2\/tags?post=3383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}