Can a foreigner buy property in Mallorca?

Yes, foreigners (both EU and non-EU citizens) can freely buy property in Mallorca, as there are currently no restrictions on foreign ownership. A Tax Identification Number for Foreigners (NIE) is required for all transactions. Roughly 35% of property sales in Mallorca involve foreign buyers, with high demand in areas like Palma and Calvià.

How easy is it to buy a house in Mallorca?

Yes, foreigners can buy property in Mallorca – there are currently no restrictions on foreign buyers. This makes Mallorca one of the most accessible regions for foreigners buying property in Spain, particularly those seeking second homes or investment opportunities.

What are the rules for foreigners buying property in Spain?

Foreigners can buy without restrictions, but must obtain a NIE (Foreigner Identification Number) and budget 10–15% in additional costs for taxes, notary fees, legal services, and registration. Mortgages are available from Spanish banks.

Can Brits live in Mallorca?

Yes! The island has a growing community of expats who decided to embrace the Mediterranean lifestyle with a move to Mallorca. The island welcomes newcomers, making it an appealing destination for those seeking a fresh start.

Can I retire to Majorca from the UK?

Yes, you can still retire in Spain after Brexit, but you'll need to apply for a visa and meet financial requirements. As a British retiree, you're now considered a non-EU national, meaning you must secure a residency permit and follow specific legal obligations for long-term stays in Spain.

5 Things to Do BEFORE You Buy a Property in Spain!

How much money do you need in the bank to get residency in Spain?

In calculating the proof of income for non-lucrative residency, you must have an annual income of 400% of IPREM in your bank account. The IPREM for 2025 remains at €600 per month. Therefore, as an individual, you will need to have €2,400 as a regular guaranteed monthly income or a yearly income of €28,800.

What is the Beckham loophole in Spain?

The "Beckham Loophole" (or Beckham Law) in Spain is a special tax regime for skilled foreign workers, named after David Beckham, allowing them to pay a flat 24% tax on Spanish income (up to €600k) for six years, treating them as non-residents to avoid higher progressive rates and generally exempting foreign income, with recent updates expanding eligibility to remote workers and entrepreneurs. This "loophole" allows expats to significantly reduce their tax burden by paying non-resident rates on Spanish income, while foreign earnings remain untaxed in Spain, a major advantage over standard resident taxation. 

What Spanish town is paying Brits to move there?

The Spanish town paying Brits (and others) to move is Ponga, located in Asturias, offering around £2,600 (€3,000) for relocation and an extra £2,600 for each baby born there, provided you commit to living there for at least five years, as part of schemes to combat rural depopulation, alongside other regions like Extremadura offering grants for remote workers. 

What is the easiest European country to get residency in?

The easiest country for obtaining a residence permit in Europe is Portugal. Whether you're retired, financially independent, starting a business, or looking to invest, there's a visa for you: a D7 visa for financially independent persons, a Digital Nomad Visa, and the Golden Visa for investors.

Can you live off $1000 a month in Spain?

Average income and cost of living in Spain

However, a single person can comfortably live on just €1,000 per month. This budget encompasses all daily expenses, from renting a cozy apartment in a Spanish city to indulging in delicious tapas at local bars.

Can you retire in Mallorca?

Living in Mallorca as a retiree has become a popular trend rather than just a distant dream. Numerous British citizens of retirement age have already made Majorca their permanent residence. The UK government and businesses in Mallorca are responding positively to this trend.

How long can I stay in Spain if I own a property there?

Owning property in Spain does not automatically grant residency or the right to stay longer than the standard 90 days in any 180-day Schengen period for non-EU citizens; you need a separate residence visa, like the Non-Lucrative Visa, Digital Nomad Visa, or an Employment Visa, to live in Spain long-term, as the Golden Visa (property investment route) ended in April 2025. EU citizens need to register for residency after 90 days, while non-EU citizens must apply for a long-term permit or visa to stay beyond the 90/180-day limit, with property ownership being a factor in some visa applications but not a standalone right to residency. 

What is the 2% rule for property?

The 2% property rule is a real estate investing guideline where the monthly rental income should be at least 2% of the property's total purchase price (including renovations/repairs) to indicate strong potential cash flow and profitability. It's a quick screening tool to filter potential investments, but investors must conduct deeper analysis on expenses like taxes, insurance, and maintenance to confirm actual profitability. 

Why is 70% of Spain empty?

Spain's "empty" interior, known as España vacía, results from a combination of challenging geography (mountains, harsh climate) and historical/economic factors, causing mass rural-to-urban migration for better jobs, infrastructure, and services, leaving vast central areas with low population density while cities and coasts boom, exacerbated by low birth rates and lack of family support policies. 

What are the biggest mistakes when moving to Spain?

Biggest Mistakes to Avoid When Moving to Spain

They include a lack of understanding of Spain's legal processes, financial and healthcare systems, failure to connect with the local culture and language, and moving too quickly to buy a house.

What is the 30% rule in Spain?

Employment duties must be carried out in Spain, although if they must also perform part of their duties outside of Spain, the percentage of their income earned from these activities must not exceed 15% (or 30%, where the employment activity or duties are undertaken in another firm within the group);

Is Spain's tax higher than the UK?

Is income tax higher in the UK or Spain, and do UK residents pay taxes in Spain? Income tax rates in Spain range from 19% to 47%, while in the UK, they range from 20% to 45%. Spain offers several tax benefits to foreign residents, potentially reducing the overall tax burden.

What is a good net salary in Spain?

A 'good' gross salary in Spain is generally between €35,000 and €45,000 per year, depending on lifestyle and location. In cities such as Madrid or Barcelona, a net monthly income of around €2,500-€3,000 (which would require a gross annual salary of €40,000-€50,000) is considered comfortable for a single person.

Can I retire to Spain on state pension?

You are still entitled to your UK state pension if you retire in Spain, provided you have made sufficient national insurance contributions and are of retirement age. As the country is in the European Economic Area (EEA), it will increase in line with any rises in the UK.

What is a livable salary in Spain?

A good salary in Spain is above the national average of €31,600 per year. A gross annual salary of €35,000 or more is comfortable, especially outside expensive cities. In Madrid or Barcelona, a net monthly income of €2,700 is often seen as sufficient for a comfortable living for a single person.

Where are Brits moving to?

Top 10 Countries Brits Moved to from the UK in 2025

• Australia – The UK's Favourite Destination. ...
• United Arab Emirates – Career Rewards and Luxury Living. ...
• United States – The Land of Opportunity. ...
• Canada – A Warm Welcome and Balanced Lifestyle. ...
• New Zealand – Quality of Life Meets Natural Beauty.