Can Brits buy property in Majorca?

Yes, British citizens can still buy property in Majorca post-Brexit, as there are no direct restrictions on foreign ownership. While ownership rights remain, UK nationals are now treated as non-EU residents, limiting time spent in the property to 90 days within any 180-day period without a visa.

Can British citizens live in Majorca?

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.

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 new rules for Brits buying property in Spain?

Brits buying Spanish property still need an NIE number and a lawyer, but the main "new" rules involve a proposed 100% extra tax (the "Complementary State Tax") on second-hand properties for non-EU residents, potentially doubling costs, though it's still a draft law facing hurdles and aims to increase housing accessibility, while longer stays require visas, not just property ownership, post-Brexit. 

What is the 2 year rule in Spain?

The new regulation defines and broadens five forms of arraigo: Social arraigo – requires a minimum of 2 years' stay in Spain and a job offer or proof of financial means. Labour arraigo – for those who have worked at least 6 months and resided in Spain for 2 years.

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

Can I retire to Majorca?

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.

What is the 2% rule for property?

The 2% property rule is a real estate investing guideline where a property's monthly rent should be at least 2% of its total purchase price (including repairs), acting as a quick filter for potentially profitable rentals. For example, a $100,000 property should ideally generate $2,000 or more in monthly rent to meet the rule, helping investors find opportunities with strong cash flow, but it's just a starting point and doesn't replace detailed expense analysis.
 

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

Therefore, as an individual, you will need to have €2,400 as a regular guaranteed monthly income or a yearly income of €28,800. If you have dependants that will move with you to live in Spain, 100% of the IPREM is required for each; this amounts to €600 monthly or its equivalent in foreign currency.

Where do most Brits live in Majorca?

Preferred Areas for British Residents in Mallorca

Prominent spots like Port Andratx, Santa Ponsa, and Palma Nova stand out as three of the most favoured areas among British property buyers. These locales offer an enticing array of luxury villas, sea-view apartments, and traditional Mallorcan houses.

Can I retire in Spain with a British passport?

Post-Brexit, UK citizens need to meet specific visa requirements to retire in Spain. This includes demonstrating sufficient income and health coverage. Missing key steps can lead to fines or delays, so make sure you apply for the correct residency visa well in advance.

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. 

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 I buy a house in Spain without an NIE number?

Yes, an NIE number is mandatory if you want to purchase property in Spain. Without it, you won't be able to sign the final deed (escritura) or pay the property-related taxes. It's one of the first steps any buyer should take and is often required before opening a Spanish bank account or applying for a mortgage.

Can I still collect social security if I move to Spain?

Under the agreement, however, you may receive benefits as long as you reside in Spain regardless of your nationality. If you are not a U.S. or Spanish citizen and live in another country, you may not be able to receive benefits.

What should I be careful of in Majorca?

Drink spiking and alcohol

Be alert to the possible use of 'date rape' and other drugs including GHB and liquid ecstasy. Buy your own drinks and always keep them in sight to avoid them being spiked. Alcohol and drugs can reduce your vigilance, making you less in control.

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

The retirement visa income requirement remains €28,800 (~$31,050) annually, with an extra €7,200 (~$7,763) per dependent. Spain's tax rates for 2025 range from 19% to 47% for ordinary income and 19% to 30% for savings income.

Why are so many Brits leaving Spain?

The UK's departure from the EU has brought about many challenges for British citizens living in Spain. The new residency rules, uncertainty around healthcare, tightening financial situations, and job market difficulties are just a few of the problems they face.

How to beat the 90 day rule?

Part 2: Staying in the Schengen Area Past 90 Days

1. Take advantage of the Bilateral Agreement. ...
2. Get a Working Holiday Visa. ...
3. Get a Long-Term Visa. ...
4. Get a Student Visa. ...
5. Get a Freelancer/Digital Nomad/Remote Worker Visa. ...
6. Get Married.

Has anyone been fined for staying over 90 days in Spain?

The possible consequences for staying in Spain or the Schengen Area for more than 90/180 days include: Fines – Depending on the country and how long you've overstayed, you could be made to pay a fine of anything from 500€ to 10,000€. This penalty may be combined with an entry ban.

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. 

How long can I stay in Spain if I own a house 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.