Mallorca is one of the most beautiful islands in Spain. Buying a house there means high-quality living standards, a gorgeously sunny climate, lucrative letting potential, great connectivity, and affordable housing. Put simply, buying property in Mallorca is a good investment.
The Spanish Golden Visa programme, which grants long-term residence to property buyers, makes Mallorca an even more attractive option for foreign buyers.
The island is popular among Brits, and the several established expat communities make it easier to relocate or invest. Your journey to owning a home in Mallorca starts here with Upscore!
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Here’s why you should invest in property in Mallorca:
Quality of Life: Mallorca offers world-class amenities, fresh local food, a relaxed way of life, and a low cost of living.
Hot Climate and Shimmering Seas: The island of Mallorca is a paradise. It’s warm all year and you’re never far from a beach.
Easy to Rent Out: Tourists love Mallorca, so there’s always a market for you to rent out your house when you’re not there and earn some extra income.
Great Connectivity: Mallorca has an international airport with flights to major cities around the world ー ideal for expats and people who travel often.
Foreigners, including UK residents, aren’t restricted from buying property in Mallorca. Spanish laws actively welcome foreign investment through the Golden Visa programme, which grants residence upon fulfilment of a minimum investment.
The whole buying process typically takes 6-8 weeks. It’s pretty straightforward, but you’ll still need to jump through some bureaucratic hoops (such as setting up a Spanish bank account and paying transfer tax and notary fees). You’ll also need to pay annual ownership costs, including property tax and garbage collection fees.
But it’s worth it for the stunning Mallorca properties on the market. And with Upscore, you can navigate the property buying process more easily with our local estate agents and network of foreign mortgage lenders.
Buy property in Mallorca with minimum hassle with our network of experienced estate agents who specialise in the Mallorca property market.
You’ll find every kind of property on this island, from seafront apartments to luxurious villas and large countryside estates in the mountains of the Tramuntana. Our local contacts can help you find the home of your dreams.
Property prices in Mallorca depend on the location and house type. Luxury villas and beachfront houses in popular tourist towns like Palma or Port de Pollença will be more expensive, but the more modestly priced inland ones provide a reasonable alternative.
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