Real Estate Agencies in Mallorca for Expats — Guide 2026

Buying property in Mallorca as a foreigner: costs and process

The market is fully open: there are no nationality restrictions, no minimum purchase value, and no limit on how many properties a foreigner can own. What you need is an NIE (Número de Identificación de Extranjero, the tax ID mandatory for any purchase deed, tax payment or bank account), a Spanish bank account, and an independent lawyer. Non-residents can typically borrow 60–70% of the property's value from Spanish banks, over 20–25 year terms. The full process usually takes four to twelve weeks from accepted offer to completion before a notary.

The biggest single cost is the Balearic transfer tax (ITP) on resale homes, and it is progressive by band: 8% up to €400,000, 9% from €400,000 to €600,000, 10% from €600,000 to €1,000,000, 12% from €1,000,000 to €2,000,000, and 13% above €2,000,000. The common mistake is applying the top rate to the whole price — each band is taxed separately, so a €700,000 home has an effective rate around 8.7%, not 10%. New-build first sales are different: they carry 10% VAT plus 1.5% Stamp Duty (AJD) instead of ITP.

On top of the tax, budget notary fees (max ~0.5%), Land Registry fees (~0.5% or less), and legal fees (around 1–1.5%). As a planning rule for 2026, budget 10–14% total on top of the price for a resale property, or roughly 11.5–12% for a new build. Residents buying a primary home under €270,151 may qualify for reduced ITP rates, but these rarely apply to incoming foreign buyers.

Long-term renting in Mallorca as an expat: what to expect

Long-term (larga temporada) rentals are governed by Spain's Ley de Arrendamientos Urbanos. A contract can be written for one year, but the tenant has the right to extend to a minimum of five years when the landlord is an individual, or seven years when the landlord is a company, on the same terms. On deposits, the law is specific: one month's rent as the legal fianza, plus optionally up to two months more as additional guarantee — a maximum of three months' rent in total. Since 2023, agency commission on a habitual-residence rental is paid by the landlord, not the tenant, so be wary if an agent tries to charge you a finder's fee.

Two 2025–2026 points matter. First, annual rent increases on existing contracts are now tied to the IRAV index published by Spain's INE, which replaced the old IPC/CPI reference — a landlord cannot raise your rent by an arbitrary market figure. Second, Mallorca has no declared stressed zone (zona tensionada) as of 2026, because the Balearic government has so far rejected the declaration. That means the strictest rent caps on new contracts do not currently apply anywhere in Mallorca.

The practical problem in 2026 is supply, not rules. A structural shortage has pushed long-term rents up and thinned availability, especially in Palma and the southwest, as owners favour higher-yield tourist lets. Expect landlords to ask for proof of income, and note that non-EU and newly arrived renters are often turned away when approaching owners directly. This is where agencies earn their fee: firms like Engel & Völkers Palma Southwest and Chic Mallorca International Real Estate run dedicated rental desks that place expats, including non-EU arrivals relocating from outside the bloc.

What to look for in an estate agent in Mallorca

Language and international focus matter most for expats. The agencies that genuinely serve foreign buyers operate in English and German as standard — Immobilienmallorca.com and the Engel & Völkers offices are explicitly German- and English-speaking, and Balearic Properties - Savills Mallorca and Imperial Properties Inmobiliaria CB market heavily to UK and Northern European buyers. A good agent coordinates the parts a foreigner cannot easily manage alone: the NIE, an independent lawyer (never the agent's own), the Nota Simple check, and completion by power of attorney if you cannot attend in person.

The essential red flag is the Nota Simple. Before you pay any reservation deposit, an independent lawyer must pull the Land Registry extract to confirm the seller owns the property and that it is free of debts, liens, illegal extensions or missing licences. Never let the agent's recommended lawyer double as your only legal check, and never sign an arras (deposit) contract before that review — under Spanish law, if you withdraw you forfeit the deposit, and if the seller withdraws they owe you double.

Verify the agency has a physical office and a real track record. Check the Google rating against the number of reviews — a high score on three reviews tells you little, while a solid score across dozens of transactions is meaningful.

Verified Picks on Mallorca Verified

Every agency below has a verified Google presence, an active physical office in Mallorca, and a documented focus on international and expat clients in English and German. Ratings and review counts are noted so you can weigh score against volume; always use your own independent lawyer regardless of which agency you work with.