Spain Makes Property Purchase Harder for Non-EU Foreigners with Drastic Tax

The acquisition of real estate in Spain – including Mallorca – will become significantly more complicated for citizens from non-EU countries in the future. Prime Minister Pedro Sánchez (PSOE) announced in Madrid on Monday that property purchases by non-resident non-EU foreigners would be considerably restricted. “We have decided to regulate the acquisition of real estate […]

Last chance: Golden Visa in Spain and Mallorca ends in 2025

Since 2013, the Golden Visa has offered international investors the opportunity to obtain a residence permit in Spain in return for significant investment. With over 14,500 visas issued to date, this program has made Spain an attractive destination for non-EU nationals looking to invest in both real estate and other strategic sectors. The program is […]

The New Real Estate Register of the Balearic Islands (“ROAIIB”)

Through the introduction of a mandatory real estate register, known as the Registro de Agentes Inmobiliarios de las Islas Baleares (ROAIIB), real estate agents are required to prove their qualifications and professional suitability in order to register. With this, the Balearic government aims to exclude so-called “amateur agents” and better protect both buyers and owners. […]

Tax payments for non-residents

Whether as a second home or an investment property for rental – non-residents in the Balearic Islands are required to file income tax returns.A holiday property in Mallorca can be a valuable investment not only financially but also emotionally. However, those who have their main residence in Germany, for example, and own property in the […]

International Schools Mallorca

When buying a property in Mallorca, the choice of school often plays a major role and therefore often determines the location of the new home. There are various international schools on Mallorca that offer different curricula and languages. Here are some of the best known and most popular international schools on the island: These schools […]

Mallorca Markets

Mallorca offers a variety of beautiful markets spread across the island, offering a wide range of products from fresh fruits and vegetables to handmade crafts. Here are some of the most well-known and popular markets: These markets are an integral part of life in Mallorca and offer an excellent opportunity to discover local products, experience […]

NIE Number

In Spain, the “Número de Identificación de Extranjero” (NIE) is an identification number for foreigners who live, work, or have other connections to Spain, such as wanting to purchase property there. It is comparable to the tax or social security number in other countries and is issued by the Spanish police. Here are the key […]

New Broker Law in Mallorca!

Many in the real estate industry in Mallorca had already given up hope that the planned regulation of brokers in the Balearic Islands would ever be implemented. However, now, with the passing of the emergency law to combat the housing crisis on Tuesday (16.4.2024), the regulation is actually being introduced. This comes after four years […]

New legal situation: Illegal rural properties in Mallorca to be legalized retroactively!

After lengthy debates and thorough legal reviews, the government of Mallorca has decided to introduce a new regulation for the legalization of illegal properties in rural areas or parts of existing properties on the island. This groundbreaking measure is intended to benefit the owners of illegally constructed buildings, local authorities, and the entire community. The […]

Golf: More than just a sport – A passion that connects!

Mallorca is not only known for its beautiful houses and apartments, which you can find in our portfolio, but also for its breathtaking landscape, rich culture, and stunning beaches. But besides these attractions, the island also offers some of the best golf courses in Europe. Golf enthusiasts from all over the world flock to Mallorca […]

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