How much are purchase costs when buying property in Mallorca?

Buyers should typically allow approximately 10–12% of the purchase price to cover taxes, legal fees, notary fees and associated acquisition costs. This usually includes Property Transfer Tax (ITP) for resale properties or VAT and Stamp Duty for new-build purchases.

What taxes apply when buying property in Mallorca?

For resale properties, buyers pay Property Transfer Tax (ITP), which is charged on a sliding scale depending on purchase price. For new-build properties purchased from a developer, VAT (IVA) and Stamp Duty (AJD) generally apply instead.

Do I need an NIE number to buy property in Spain?

Yes. An NIE (Número de Identificación de Extranjero) is required for all non-Spanish nationals purchasing property in Spain. We can assist in connecting you with professionals to arrange this. It is a straightforward process to get an NIE number. 

Can non-residents obtain a mortgage in Mallorca?

Yes. Many non-resident buyers secure Spanish mortgages, subject to status and lender criteria. We can introduce you to trusted mortgage advisers.

How long does the buying process take?

Most transactions complete within 6–10 weeks, depending on due diligence, financing and legal complexity.

What legal checks should be carried out before buying?

Your lawyer should verify title ownership, planning permissions, building legality, debts or charges, tax compliance, community fee status, utility registrations and property certificates before completion.

Can Lifestyle Properties help after I purchase my property?

Absolutely. We continue to support clients post-completion with introductions to interior designers, contractors, property managers, concierge providers and local specialists. We can offer a full concierge and property management service to assist you everything you might need.