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How to become a real estate owner in Mallorca

To purchase real estate in Majorca, you will need to follow these general steps:

  1. Find a property that you are interested in and make an offer.

  2. Hire a lawyer or real estate agent who specializes in Spanish property purchases to assist you with the legal process.

  3. Sign a private purchase contract (contrato privado de compraventa) with the seller, which will include the price, payment terms, and any contingencies.

  4. Pay a deposit, usually 10% of the purchase price.

  5. Obtain a NIE (foreigner identification number) if you are a non-resident.

  6. Obtain a mortgage or have the funds available to pay for the property in full.

  7. Sign the title deed (escritura de compraventa) in front of a notary.

  8. Register the property in your name with the Land Registry.

  9. Pay the taxes and fees associated with the purchase.

It is important to consult with a lawyer or real estate agent who is well-versed in Spanish property laws, as the process can be complex and may vary depending on the specific property and your personal circumstances.


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